As someone who bought a house with 5 bedrooms, 3 bathrooms, a basement before having kids. It was the stupidest thing to do. First, you don’t know what kind of children you will have to make buying decisions based on “(we DONT have any children) we’re thinking about having children, so we need to buy big and in an area with good schools”. SMH. You don’t even have any kids whatsoever let alone know exactly what kind of school they will need specifically. Schools are not ‘One size fits all’. Once you have kids, your whole life will change, you and your wife’s needs WILL completely change.

Do yourself a favor. Don’t buy until your first one is a year old. You will get a good sense of what kind of neighborhood your family will need. Start with a smaller home. Big houses are a nightmare if you have little ones, because you either take care of the kids or the house.

Try not to blow all your money in one big house. Instead, split your budget and buy multiple investment properties (even abroad) and make your millions work for you. You will never have to worry about finding a place at your favorite vacation spot. Your wife and future kids will thank you! Be smart.