Larger Home vs. More Property: Which Is Right For You?

As a potential homeowner, you probably have a million questions running through your mind. You have done your research: what kind of mortgage is best to get, loan programs for first time homebuyers, what to look for in a house and location, and questions to ask the sellers. But, one of the biggest questions to consider is, should you purchase a large lot of land and a quaint house or a expansive house on a small plot of land? There are pros and cons to each choice, and it all depends on your personal living preference.

Figure Out How Much Space You’ll Need

The first step is determining how much space, in square feet, you’ll need for your custom home. Pay attention to how it feels and the way you currently utilize each part of your current home. Measure the spaces and write down if they feel too big or too small to you. Next, think about how your life may change in the future and consider how it will affect that number. Tweak the size of each space until it fits your current and future self. Add up the numbers and this will tell you how much square feet you desire in a home.

Be Flexible

Now that you have figured out how big or small of a house you want, it’s time to consider if having a big yard is important to you. To an elderly couple who are living by themselves, it’s an inconvenience to have a large yard because they not not be able to take care of it as much as they may like. On the other hand, if a pair of newlyweds are considering starting a family, they may want enough land for their future children and pets to play in. From the aspect of flexibility, the logical choice is to go for the most land you can get. After all, you can change the size of your home anytime but you can’t alter the size of your lot. However, from an economical standpoint it is much less expensive to initially build your home larger rather than expand later with remodeling projects.

Reasons Why You May Love A Small House

There are quite a few reasons why small houses beat out large houses. They are typically more budget friendly. Small spaces are much more cost effective to heat and cool plus they generally cost less which results in being able to afford more land. To some, land is more of a priority than an expansive home. After all, maybe we aren’t meant to spend all of our time inside a climate controlled box. Fresh air and sunshine are proven ways to improve your mood and make you happier. Plus, if you or your family spends a great deal of time outside, a large amount of land will make up for the lack of space inside your home.

You Might Enjoy a Larger House!

For those who regularly host large family gatherings or other types of events, a larger home could be more appealing. Having a large kitchen and dining area can make cooking for a large group much more manageable. Also, guests are more likely to enjoy their stay if there is ample room to walk around and engage in private discussions without the entire family or group of friends having to overhear. Do you have family members or friends that currently live in another city? Invite them over for a free place to stay the next time that they visit or just happen to be passing through the area.

Find Balance

You may not have to sacrifice one for another. There is always the chance that you could find the perfect size house on the ideal piece of land just waiting for you. If you don’t, you should consider having a custom home built which would allow you to choose every single feature of your home including the size of the lot and size of the house.
Contact our custom home building professionals today to learn more about our custom home building services!