Buying a house: should we play it safe or go for it

We have been looking to buy a house in south Dublin for some years now. We have recently found a house in a great location. It’s ideal in terms of affordability, location, orientation and connectivity. It’s just that the house size (104 square meters) is a bit small for our long-term use.

We are a married couple and want to grow the family. We think we might outgrow this house in the next 10 years.

It’s very difficult to even get a viewing/booking opportunity in these times too in the south Dublin area. If we let go of this house, there’s no guarantee that we will be able to get hold of a house in this location even after an increased budget because of the limited supply and increasing house prices.

Considering all the above factors, should we compromise on house size now or should we wait, save more, increase our budget to buy a larger home in this location?

Read the full details in the Irish Times

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