When shopping for a home many homebuyers are now debating “large home or small home”. But even though larger homes have become more affordable, do you really want to live in a mansion? A couple of generations ago, smaller homes were the preference. In the 1950’s, the average home size was about 950 square feet. But in 2004, the height of the housing boom the average home size was 2,340 square feet. That’s a huge difference in just a few decades. As the housing market starts heading back toward normalcy, the large home purchase is slowly fading away. Taking my area of expertise, Davis, California homes, the majority of home purchases are smaller homes. Should you consider buying a small home? There are numerous benefits to consider.
The Cost Factor: Look at the overall cost of owning that behemoth two-story home. Think what it cost to heat and cool a 3,000 square foot home. Making home improvements like painting, roof replacement and kitchen remodel’s cost more because of the size of these properties. The smaller home reduces those same expenses because of the size. Monthly utility bills, maintenance, upkeep and taxes are all less costly since you have less square footage.
Save Time And Energy: It takes more time to clean the larger home and maintain the yard, unless you hire a cleaning crew and yard maintenance company and then assume the added expense. Living in a smaller home means you save time, week after week with the house cleaning and the usual maintenance that comes with homeownership. When you live in a small house, you can use that time saved toward family events or enjoy your hobbies.
Live The Simple Life: Living in that smaller home simplify’s your life. It forces you to make easy choices about what to keep or donate. Living in the smaller home offers less space to store belongings. After all, no one wants to be a certified pack rat.
Upgrade Splurges: Have you checked out the cost of countertop, cabinet or appliance upgrades, it can cost a fortune. With the McMansion, you have to buy more and therefore pay more for those amenities. Living in a small home means you can splurge on quality upgrades because you have less to buy.
Ease Of Selling Your Home: Energy efficient homes are vitally important and will continue being the top criteria for homebuyers in the future. The vacant mansions sitting on the market are an indication that value of oversized homes will depreciate over time. When you decide to move, your smaller house will be more desirable and easier to sell, due to the demand for that size home. In the changing economy the smaller homes are seeing a resurgence as people realize the time, cost savings and easier lifestyle that home offers over the long haul. The smaller home just makes more sense. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home and easy access to view local area homes for sale.