Do you buy a house or make a child? Both are serious questions and decisions couples who have been together for a long term face. You may have done the roommate thing or you may be at the point where you would like to move in together. However, some when taking their relationship to the next level, think they would rather invest in a house jointly versus starting a family.
Both are costly decisions and have the potential to be life altering both emotionally, physically and financially. If you are married or just in a deeply committed relationship, home ownership puts both your finances out in the open for examination by each other and banks when searching for loans to find what’s in your price range. It’s a big step. It’s opening up a doorway to big money and future talks. Also some would rather not have children, either delaying that act till their established in their home or just not at all, which isn’t a bad thing. Buying a house with someone is almost as significant relationship wise and socially as having a child. You and your partner are signing on a dotted line that you both are financial responsible for this property and upkeep. A house is far different from an apartment and a long way from just renting. That house is yours. Your partner and you. You would have to think god forbid if you split how to split the property, which a divorce lawyer would say is a joint asset that must be divided equally. Plus even before you think about that step, you plan and divide up who will do what and split household bills evenly, or one person pays for one thing, while another takes care of what’s left.
Home ownership with someone is as big a deal as having a child. Think about all the steps and all the money and time. You both will be living there, decorating and celebrating in that space you picked. You’re setting a new chapter to the foundation of your relationship. You are jointly owning a piece of property together, which would be the same as a child, but the child is a person that ties you two together. This will be on your credit report. It’s where you will lay your heads. Both decisions are ones not take lightly. One can be thought of as better preparation for the other: Getting a home ready to maybe one day raise a child in or just making a home together that you can fill with love and grow old in.