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5 Reasons Why A Small Home Might Be A Better Investment Than Its Big Brother

by Trish

colourful burano house

 

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

Money

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

Pink ice-pendant

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.

Filed Under: Home and family, Home Improvement Tagged With: better investment, garden, home, house, items, mortgage payments, price, savings, selling, small home, time

Renovation Tips That Will Increase The Value Of Your House

by Trish

Selling or renting out your house may not always be easy, especially if it is old. Other than the attachment that you have to it, the house may be too worn out to catch a buyer’s attention. Old houses are harder to sell, since most people assume that they are not as stable as they were. If you are looking to sell your house, you need to make sure that it is in the right condition to be sold. This will help you to sell it for a higher value that it would have sold for, before being refurbished.

Should I renovate my house?

Renovation is a must! One of the most important factors to consider when you make the decision to sell your house is how to make it attractive to potential clients. A customer will only take a product that they feel is better than the last one they saw.

Your home therefore, needs to stand out from others on sale so that people literally keep lining up for it! With this in mind, the following tips will help you find out how to change the outlook of your home to make it look modern and appealing. It will also play a big role in making the value of your home go up.

  • Thorough repairs

If you want people to be attracted to the house you are putting on sale make sure they can tell that the items in your home are new. Fix every sink, faucet, cabinet, surface, counter or any of the spots you know have been broken down for years. When potential buyers come to see the house, they will scrutinize every part of the house to make sure they are not getting less than what they are paying for.

Use affordable, new and modern appliances or parts that will draw people’s attention and make them have more faith in the new house. If they see new parts and well done remodeling, they will definitely be enticed into buying or renting the house. It will also help you have more selling points to use to convince them.

  • Create more rooms

The best way to sell your home for a higher price is to emphasize the amount of square feet that you are selling by creating another room. This may be expensive though if you reinvent a room you stand the chance of selling the house for a higher asking price that you would have. It simply means that you may be able to recover more money than what you will use to create the room.

The cheapest way to do so is by using space that already exists. For instance, you could convert the attic into a self-contained bedroom in order to fetch more money for your home. This is cheaper since you will not need to build an entire room rather you will only be making installations and changes to an already existing space in your house. You can also convert a garage into a guest room if there are enough parking spaces outside. This will also give you the option of renting it out or selling it as a separate entity.

  • Be strategic

When remodeling, pay as much attention to the outer parts of the home as you would to the inner ones. People will be attracted to your house from what they see outside first. Make sure all the paint is fresh and the environment is clean with attractive elements such as flowers, a patio, side porch or veranda. It is also important to consider outer elements like the doors and windows. These will attract people even before they enter the house and give them an expectation on what they will be getting inside when they buy it.

You can use inswing or outswing doors, bars and door grids, molding, the jamb or stile designs in order to draw attention to the design of your home. Doors can also come in many designs like steel, wood or fiberglass depending on the setting of your house. When it comes to windows, you can use several replacements on your home improvement approach like vinyl wood or aluminum. Windows can also be a sales point because of the colors and designs they come in. Make sure the outer part of the house is just as great, if not better than the inner one.

Emma Parkes shares useful tips on home improvement. She works for Windows and Doors which excels in improving home energy efficiency of their clients. You can get her insightful tweets on Twitter by following her.

 

Filed Under: Home Improvement, Real Estate, Renovating Tagged With: Appliances, attractive, buyers, doors, fix, flowers, landscape, modern, old, paint, patio, renovate, Renting, repair, selling, stand out, value, windows

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