Here you are, ready to buy your first home. But does size matter? Should you risk all your money and all your resources to buy a large house that will take years to furnish and millions of dollars to upkeep and customise? Maybe a smaller, more intimate home is better for you. Here are a few reasons to buy a smaller home:
1. You Will Save Money!
Who doesn’t want to save money? A smaller home means less mortgage, a shorter loan payment time-span, fewer taxes, cheaper insurance policies, and of course less utility usage! A smaller house is much easier to finance, especially for first-time home buyers. Smaller homes also have a larger retail market, since more people can afford to buy your house when you are ready to sell. You will reduce the cost of utilities when you live in a smaller house since there are fewer lights to turn on and fewer pipes running every day.