If you are putting off a house purchase until you can afford a big one, then you need to rethink your stance. You can just be as happy in a small house as a big one. In fact, there are several reasons you shouldn't necessarily buy the biggest house you can afford; here are four of those reasons:
It Is Cheaper and Easier to Maintain
Every small maintenance issue will cost less to perform in a small house compared to a bigger one. For example, house cleaners charge by the hour or per square footage, and of course, a bigger house will take longer to clean than a smaller one. House repairs, lawn maintenance, and floor upgrades—all these things will cost you more if you are living in a big house.
It Reduces Your Risk of Mortgage Default
You may be able to afford a big house now, but you don't know what the future holds in store for you. You might lose your job, your business might go under, or you might fall sick. If that happens, you need to be able to continue paying your mortgage. Of course, that will be easier to do if the mortgage payments were minimal to begin with. If your finances were already stretched before your financial difficulty, you may find it impossible to make them when struggling, and you may lose the house.
It Will Incur Lower Utility Bills
If you want to break the bank each month for utility bills, move to the biggest house you can buy. Big houses need more energy to heat and more electricity to cool down. These are things that you must pay for the rest of your life; buy a moderately-sized house, and you won't struggle to pay them.
It Doesn't Have a Big Impact on the Environment
If you care for the environment, and everybody should, then you will always be mindful of the impact your decisions have on the environment. A big house isn't good for the environment because it requires more resources (materials and energy come to mind) to construct and maintain. Even when decommissioning an old house, the bigger one will take more waste to the landfill than a smaller one.
Therefore, don't think that you will be automatically happy or better off in a big house. Of course, there is no harm in buying the biggest house available if money isn't a problem. However, if you are saving to buy a house, then you are probably better off in a moderately-sized one, as long as your family can live in it. Contact a real estate information for more advice.