A common advice given to those who are looking for a home to buy is to be cautious and buy a smaller a home than they can afford. However, there are cases where it pays to go big, especially if you can afford it. For example, you should buy a big home if:
1. If Your Family Is Growing
Many people buy small homes and then upgrade to bigger ones after some years when their families grow. In fact, one of the reasons people move into bigger homes is the addition of children to a family. This means you are likely to regret buying a small home if you don't take your growing family into consideration during the purchase and don't plan to upgrade. Therefore, if you have a young family that is still growing or you are planning to start a family, consider buying a big home if you can afford it. It is not just about kids either; a big home is also advisable if you plan on living your parents or your spouse's parents in their sunset years.
2. If You Plan On Working from Home
Millions of Americans are working from home, but not all of them have the necessary space to do it efficiently. Only those who haven't tried to work from home think they can do it in their bedroom or kitchen tables with ease. If you have tried working from home, then you have probably realized that the interruptions from family members or interference from kids call for a dedicated room. Therefore, if there is a chance that you may be working from home in the future, take your space requirements into consideration now and buy a big home.
3. If You Can Afford the Upkeep
In general, people don't regret buying bigger homes as much as they regret buying smaller homes. This means it's advisable to err on the side of caution and buy a big home if you are undecided on which route to take. However, it is not just your ability to buy a big home that you should consider when determining which size of a home to purchase; you should also consider the maintenance costs. The maintenance and upkeep costs, which include things like lawn care, utility bills, routine maintenance, and cleaning costs can add up to considerable money over the years.
4. If You Love Big Compounds
Lastly, you should also consider buying a big house if you want a big compound. This is because small homes are rarely constructed on big lots; it is the norm that big yard spaces go with big homes. Therefore, if you want space for additional constructions, swimming pool addition, or some agricultural practice, consider looking for a big home.
For more information on finding single family residence homes near you, contact your local realtor.Share