When it comes to purchasing a house, often times buyers think that bigger is better. But is it? Whether you’re a newly married couple looking for a starter home, a family that’s beginning to grow, or an empty nester, there are different factors that you should take into account in order to find out how much room you truly need.
If this a forever home?
When first purchasing a home, people regularly feel pressured to find one that will always be able to perfectly fit their space needs. This often leads to them purchasing homes that are too big. While it’s impossible to predict what the future might hold, it’s okay to remember that some homes you’ll only live in for the next handful of years. If you need more space, you can always upgrade to a home with more space later on.
What will my income look like?
It’s no secret that a bigger home usually means a bigger mortgage. While you might have the means to afford that mortgage now, it’s important to save yourself some stress by going smaller and having more wiggle room. You don’t want a big home to become a financial burden, especially when you add in the additional cost of maintenance, upkeep, and higher bills to heat or cool your space.
Downsizing isn’t a bad word.
Your forever home doesn’t have to truly be your forever home. What once fit your needs perfectly might now be too much space as you’ve seen your family grow and move into their own homes. Save yourself the time spent cleaning and maintaining rooms you don’t use by finding a new home that fits your family just right. You can always factor in an additional bedroom or two for times when you have guests over to visit.
Nobody wants to end up cramped in a home that is too small to fit their needs, but instead of going straight to the other end of the size spectrum, take a moment to think about these factors in order to really define what size of home has the perfect amount of space. If you are still unsure, let Eastern Iowa Realtors Sarah & Jessica use their years of knowledge and expertise to help you find the perfect home.