Should You Buy Your Childhood Home?, Should You Buy Your Childhood Home?

Should You Buy Your Childhood Home?

Rhonda Duffy

What do you think of when you see your childhood home? Often, visiting the home where you grew up will bring back memories of baking cookies with mom in the kitchen and playing tag football in the backyard with dad. Family culture is important, and this culture will last for many years… even after you have moved away.

Now that you have a family of your own, you want to find a home where you can create these same types of memories with your children. The quality of your home is important because it sets the tone for the interactions that you share with the people that you love.

Some people think that moving into their childhood home is a great way to share those happy memories with their own children. But, you need to remember that the home isn’t what created the memories, it was the family experiences that were shared together! You can create these same feelings in any home that you choose.

Pros and Cons of Buying Your Childhood Home

Here are a few benefits and disadvantages of buying the home where you grew up:

  • Pro: Preserving the home where so many happy memories were created with your parents and siblings.
  • Con: It is an older home, so you will need to spend money on renovations and upgrades.
  • Pro: You already know people in the neighborhood.
  • Con: The home might not be big enough to host events with family and friends.
  • Pro: Keeping the property in the family.

Ultimately, you need to determine your priorities and then decide if your childhood home matches the features that are best for your current family. If the floorplan, layout, yard, and location are a good match for what you need right now, then you might enjoy living in the home once again.

Updating the Property for Your Children

Just because you grew up with 80’s style doorknobs and shaggy carpet, doesn’t mean that your kids should have the same environment. It can be beneficial to make a few upgrades before you move in, to create a home that matches your personality and preferences. A few minor changes can be done to give the home an aesthetic facelift. Or, you might consider major renovations to adjust the floorplan of the home.

One of the benefits of undertaking these upgrades is that you can choose the features that you would like to have in your dream home. It is important that you modernize the kitchen and bathrooms to create a space that is comfortable for the whole family.

Working with a Real Estate Agent

If you are buying a property from a family member, do you still need to work with a real estate agent? Yes! An experienced agent can help you navigate the paperwork, decreasing the likelihood that family members will be offended from the sale. It is important to work with real estate professionals so that you can avoid mistakes that could harm your relationship.

Are you interested in learning more about buying or selling a home? Talk to us at DUFFY Realty: (678) 318-1700

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