Small Homes or Big: Which Ones Give You More Return?

[Dustin Ruhl]

The question of the hour here is Big or small or maybe something in the middle. After finding the location of your dreams you are now ready to find the house of your dreams, or are you. Settling in on a commitment is no small task. What is the best option, having a small house with limited space or a large home with cavernous echoing rooms is the question that most buyers ask themselves. One must ask themselves if they are in need of two bathrooms 4 bedrooms or a small cottage just for two. With the current trend Large houses are not the way to go. Buyers are realizing that the bigger the home the more costly it is to fix up and keep up with the times. Living in colder climates a large house also means a much larger heating bill as well. So before taking that leap and buying that mansion think about it economically and live within your means both in mortgage terms as well as monthly bills for the long stretch. Before finding that right home for you, think about the community you are interested in, down home people friendly small town or a booming metropolis. Each will have its great selling points but only you can truly decide which is for you, Walking distance or a commute for shopping both are appealing. School systems are another factor for the young couple with growth in mind, or for those that have older children what kind of an influence do you want your kids to have in their environment. Home ownership or rental choices are not to be taken lightly. Choose with great care, and hopefully live happily ever after.

Key Takeaways:

• Smaller homes can bring a better return on an investment.
• Bigger homes are more expensive to keep up through the years.
• Smaller homes can be easier to sell than larger ones since more people can afford them.

"By buying a smaller home, an investor will pay less, need less money for a down payment and incur lower long-term debt."

Read more: http://www.investopedia.com/investing/small-homes-or-big-which-ones-give-you-more-return/