Is a Bigger House Really Better?
If you are looking for your next home, it’s natural to assume that you should buy the biggest home you can afford. Certainly, if you need a big home, then this is the right decision, but if not then there are other ways to maximize your investment that doesn’t include more square feet.
Bigger isn’t always better. If you don’t need 4 bedrooms, then why spend your money on that? There are many other ways to spend your money.
- View – View homes will always command higher sales prices than those without. If you enjoy a distant vista, use your money for a view and enjoy it. Do you like seeing the city skyline or a lake?
- Space – Space is not only counted in square footage, but lot size also adds value and enjoyment to a home. Imagine having a home office, a theater or a workout room!
- Amenities – Ask anyone who has looked at upscale retirement communities about amenities and how they contribute to qualify of life. Golf courses and lakefront homes create a type of community and are geared to different lifestyles. Which one are you?
- Location – The old adage of location, location, location is true. From the craftsman cottage in the historic downtown to a trendy urban loft, choosing a home in the right location is critical to building the lifestyle you need.
Choosing the right home is not simply about resale value, however, that doesn’t mean you should not think about it. First and foremost choose a home that fits your needs and lifestyle, but if that’s not a huge house on the hill, there are other options that are just as good. The bigger house is not necessarily the best choice. The best house has everything to do with the lifestyle you want to live in.