Our girls were about 2 1/2 and nearly 6 years old and we purchased a different house. Our older daugher was graduating from kindergarten yet that spring when we moved in to this home.
It was in the spring of the year when we moved in. We now had 2 houses to our name. About 3 months later we sold our first house for a profit and was really glad that we didn't have only one house.
We had looked at about 35 homes and couldn't find the one we wanted, so we put an ad in the paper describing our wishes for a 2ND home. We got quite a few responses and found exactly the one we were looking for from these responses. I recommend this approach to purchasing a home. We lived in that home for about 30 years before we moved to our present location. The girls grew up in this home and still have fond memories of living there. We went by the home yesterday and were rather disappointed in how the yard looked. The home is brick and pretty much doesn't change in that respect, but oh my, the yard looks too crowded with plants, etc.
The criteria for our newer home was location, location, location. It paid off since it did appreciate in value when we were ready to sell.
Wisdom--Within 6 months we had this newer home paid off. I do recommend this if possible, since you pay for homes 3 to 4 times the amount in interest, otherwise. It pays to get out of debt as quickly as one can, so you can start saving for upcoming expenses that surely does occur.
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