Wife and I (both 29) currently own a 3BR/2.5BA town-home, which is basically perfect except not allowed to fence any area for our two dogs. We recently got the second dog, and even though I told my wife we're not buying a house because of a second dog she started looking. I didn't want to move 5 minutes away just for a yard, so I showed her a house that would met some of the things we're missing in our current place and now she wants it. Problem is I don't see any need to move for at least 5 years. We don't have kids yet and could comfortably stay in our current place even with one or two. I calculated that the move will increase our annual expenses by $10,000 annually and that is just a back of the envelope calculation (increase in mortgage interest, taxes, and loss investment of the $20,000 we would probably put in the house to do a few things right away).
Pros of moving:
Yard for the dogs (and wife; she wants to garden)
Location is walkable and bikeable to many things unlike our current location.
Wife (a marathoner) could run directly from the house
Move to the location where we could ultimately raise our kids and could live for 20+ years.
Cost of house is reasonable for location and has 1-car garage; garages/off-street parking can be rare in this location.
Cons of moving:
$10,000+ increase in annual expenses (can afford at the expense of saving)
Increased work commute (wife currently walks, I have a 10 minute drive and it would increase to 20)
Increased home/yard maintenance compared to town-home
Home only has 1 car garage (long-term we might spend to add a 2 car garage)
Life could easily go in a different direction in the next 5 years and house wouldn't met our goals at that time
What are additional pros or, preferably, cons of moving now that you fellow mustachians can add that I am missing?