When it comes to eventually moving
into that dream home you've always wanted, keep in mind that many of the
choices we make on a house are really driven by lifestyle desires, rather than
More bedrooms means more time to
clean, more expensive to repaint and carpet/floor in the future. The bigger the
house and the larger the lot, the more you're going to pay for it both in time
and financial resources. The main three decision factors are larger lot, more
space and more stuff. Each of these comes with a price tag.
Depending on the acreage, this is going to cost the owner in regards to
acquisition, monthly payment, and upkeep. First is the acquisition. Larger lot
means larger price, thus larger down payment and monthly payment. In
metropolitan areas, the closer in to the epicenter of town, the more the extra
space is going to cost you. If you decide to get it cheaper by moving out of
town, then you'll be paying more for gas and be losing the ever elusive minutes
of your life. The larger lot also means more upkeep. Nevertheless, the larger
lot that is cleared off and landscaped will take longer to mow, require more
gas and possibly even more equipment. In addition, there's the landscaping that
you may not have needed to fret about before. More space
For most move up buyers, this is the No. 1 reason they are shopping for a home.
More space creates more expenses for paint, accessories, flooring, etc., every
time the room is repainted, remodeled, etc. It's no rocket science calculation
to see that the 1,800 square foot home is going to be cheaper to care for than
the 2,800 square foot home. Remember, percentage wise, we're talking 55 percent
more home – which will interpret into 55 percent more flooring cost, 55 percent
more paint, 55 percent more utilities, etc. When purchasing, don't forget to
ask the owner for a rundown of monthly or annual expenses for upkeep of the
property. (Most likely, it will be an estimate, but a good indicator of your
true costs of the property.) More stuff
Don't forget that once you get a larger place, it usually is compounded with a
decision to replace older furnishings or purchase new furnishings to put into
your new areas.
Author:Brandi Chapman Phone: 281-682-6069 Dated: August 27th 2013 Views: 1,073 About Brandi: Whether you are buying or selling, Brandi understands the process can often be challenging and compl...