Couples getting married for the second time are not just falling in love with each other, they’re falling in love with their significant others’ children too.
Today, according to the U.S. Census Bureau, approximately 75 percent of divorced people remarry, and 65 percent of those remarriages include children.
The traditional definition of family has changed dramatically and today, moving in together takes on a whole new meaning. Here are some things to consider when combining two families into one.
- Make Proactive Financial Decisions: Creating a plan with a significant other can help ensure a financially healthy life together.
Experts suggest meeting with an accountant to discuss and plan the couple’s income, debt, investments, credit scores, bank accounts and other financial matters. They may suggest that all decisions are in writing including creating an agreed upon household budget.
- Select The Right Location: Location is one of the most important decisions when buying a new home.
Are homes for sale on the water, by a particular school district or nearby an ex-spouse who is a parent a priority? Strategically looking for the ideal location will help the family happily adjust to their new normal.
- Ask The Children For Input: Buying a new home for a new family should involve everyone in the new family.
Give children the opportunity to provide input about their new home, so they feel part of the decision. Buying a house that accommodates everyone is the first step to a happy future.
- Timing is Everything: Selling a home and buying one at the same time can be a balancing act. Study the market, and schedule carefully.
Couples should always prepare for the unexpected. For example, their house might sell before the new one is available to move in, so create a plan to temporarily rent or move in with family members.