People have goals in life and the main idea is always to improve on what you have right now. Everyone always wants bigger because they think it is better, but is that really true? You only need to look at houses to understand the way people’s minds work. A much bigger home makes them feel like they have accomplished something. Even though half the rooms would remain empty they want to become rich so they can buy themselves a huge mansion with an even bigger garden.
You’ve got to ask yourself if this is the route you want to go down when you’re looking to buy a new home. Will something that big fulfill your needs, or do you just want it because you can say to yourself your home is massive? You need to think about if very carefully before you make one of the biggest financial decisions of your life. Owning a small home can be just as good and if you’re looking for some reasons why we can go over a few of them now.
It will cost you less
When you buy a small home it will be cheaper than one that is twice the size. It doesn’t just mean you will save money when signing on the dotted line, because there are much more ways to save more over the years. Think about how much it will cost you to keep it cool in summer and hot in winter. It will definitely be cheaper. The same also goes for repairs and a good example we can use is the guttering, because you will need less lengths when it is time to replace them.
You’ll have more time
Cleaning a large home is a tough job, but someone has to do it and it will probably be you. Imagine how much time you would save hovering if you had 50% less carpet space. When you work out how much time you’re cutting out per week it might not seem like much, but now times that by 500 and work out how much time is being saved over 10 years. That isn’t just cleaning the house because it also includes doing work in the garden.
Buying nice things
Big homes are expensive to buy and your mortgage payments will be a lot. It’s not nice watching all of that money leaving your account each month. If you add that onto the money you’re paying in bills you might not have much money left on the 31st. With all that money you will save on your home it means you will have a lot more to buy nice things. Would you rather have a big empty house, or a small one filled with wonderful treasures?
Living the easy life
People buy a huge home and they have so much space to fill. That means going out and getting things to fill the space. Before you know it your home is full of junk. With a small home you can’t be so rash. You can buy amazing things, but not millions of things. Just a few amazing things and it leaves you will less materialistic problems which lets you relax a bit. Having too many things can be very stressful if you believe the minimalist movement.
Selling it more easily
Everyone wants to buy a huge home, but how many people do you think will be able to afford one? Not many if you read the news. A small home is well within the price range of the biggest majority of people. As the future gets closer and closer you will also see a huge jump in the number of people looking for smaller, more energy efficient homes. Maybe the millionaires of the future will realize that smaller might be better than bigger, too.
Attached Images:
- License: Creative Commons image source
- License: Creative Commons image source
- License: Creative Commons image source
Josh Butler is real estate consultant at Abercromby’s. He has vast knowledge of the real estate sector and has suggested many useful tips in Abercromby’s real estate blog.
