Money Meets Medicine Buying Too Much House? Derailing Doctor’s Finances
Jan 21, 2026
Justin Harvey, a CFP who advises physicians on financial planning, offers practical, experience-based advice for doctors buying homes after training. He compares move-in-ready versus fixer-upper choices. He discusses renovation ROI, neighborhood comps, timing searches, cashflow planning over five to ten years, and options to finance renovations.
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Home Buying Is Often Emotional
- Home purchases are usually emotional decisions, not purely financial ones.
- Emotions can push buyers to exceed their budget and choose houses that don't fit long-term plans.
Delay House Hunting Until You’re Ready
- Don't start casually looking at homes until you are ready to make decisions.
- Avoid creating decision pressure that makes you buy beyond your means.
Move-In Ready Versus Renovate Later
- Buyers face two core options: buy move-in ready or buy and renovate later.
- Turnkey homes often carry a 10–25% premium over homes needing work.