You should have no regrets!!
You will have several years where you will get to enjoy the convenience of being on the loop! When the kids get older, you will figure it out.
OKW 1 bedrooms only requires 160-174 points for a couple of their seasons. You can get a transfer for the extra points if you want the space. You could save your change for the year and afford that.
However, your husband will probably be like mine and drink the Kool Aid after a few stays. I see a small contract add-on in your future.