Buyer tip: Bigger isn’t always better

When buying a home, bigger is not always better. Don’t get me wrong, I’m right there with you drooling over enormous homes with a dedicated room for E-VER-Y-THING (home office, exercise room, craft space, homework nook, PLUS ridiculously large bedrooms). ⁣

But hear me out. There are some downsides to that larger-than-life house that’s caught your eye. Here goes:⁣

Upkeep and maintenance: It starts with the larger mortgage but don’t it doesn’t stop there. Bigger homes mean higher utility bills, more furnishings, and more maintenance costs.⁣
Future investment risk: While there’s no way to predict what will be a good investment, smaller homes are trending — and that means it might be harder to find a buyer when the time comes for you to move on.⁣
Square footage doesn’t equal functionality: Larger homes often have rooms that sit empty most of the time. If you can’t use areas on an almost daily basis, it’s wise to consider something a tad smaller.⁣
Sacrificing location: If that larger home is outside of town, press pause before moving forward. You don’t want to sacrifice location just to get a few more square feet. After all, location is a top determiner when buying a home. Think lifestyle, not just home-living, and factor in your commute, schools, accessibility, and resale value.⁣

Keep these things in mind as you hunt for your next home sweet home. And remember, good things do come in small(er) packages!⁣

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