buying your first home - what you should know

What Size Home Should You Buy?

Homes come in all shapes and sizes, and one thing you should think about when you are purchasing one is what size to choose. There are always different sizes to choose from at any given point in time, but what size is really the best for you? To determine this answer, you should think about the following factors that can affect the decision to this question.

Is this going to be your home forever?

Some people are shopping for homes that they plan on using as stepping stones, while other people are looking for a home they will live in until they die, and this one factor should affect your decision about size. If you, for example, have a lot of young kids and plan on living in this house while raising them but moving out later on, you would likely need a house with a lot more space than you would if you were just living there with your spouse only. On the other hand, you might want a smaller home if you have just a couple of kids and plan on living in this home forever. Always keep this factor in mind when choosing a house size.

What is your budget?

Your budget also matters a lot in this decision as homes are costlier when they are bigger. In fact, home prices are highly based on size. If you have a tight budget, you might need to stick with viewing smaller homes only, or you might be able to get a little bigger of a house if you look for fixer-uppers. If you have a large budget, then you will have more options when it comes to how big a house you can afford.

What are your top priorities or reasons for buying a house?

The other thing to consider is your top priorities. In other words, what is your reason for buying a house? If your reason is to downsize, you would probably want to look only at smaller homes for sale. If your reason is to upgrade, you might want to find a house that is bigger than the house you have right now. If your main goal is simply to be a homeowner because you have always wanted to be, size might not matter a lot to you.

Finding a house that offers the right amount of space is important, and you can view homes of all sizes by making an appointment with a real estate agent to view property listings in your area.