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In part one of this two-part blog series, we went over some basics on how to go about choosing the right home size for your needs. From the size of your family to several other considerations, there are a few different important areas to consider while you think about not only the area where you want to love, but precisely the kind of home dimensions you're interested in.
At the offices of the David Reitze team with Primary Residential Mortgage, we're proud to offer our clients a wide range of home loan options to help them secure the home of their dreams. We assist our customers in several ways, from helping match them with the right mortgage program to many areas of tips and expertise. Here are some further suggestions on how to evaluate and choose the proper home size while touring the market.
Size of Current Home
If you're already living in a single-family home, whether you're renting or own, you'll want to take the size of your current home into account. You may not need as much space as you think, especially if you're downsizing. Talk with a real estate agent to get an idea of what size home is available for your budget in the areas you're interested in.
For some people, the prospect of moving can feel overwhelming. But don't worry – our team is here to help make the process as smooth and stress-free as possible for you.
Number of Bedrooms/Bathrooms
Another important consideration is the number of bedrooms and bathrooms you'll need. Do you have a large family? Will you need guest rooms for out-of-town visitors? Are you more interested in a one- or two-bedroom home?
When touring potential homes, take some measurements and be mindful of how much space you'll need for furniture, appliances, and everyday items. It's also important to think about your lifestyle and what amenities you can't live without. If you can't live without a washer and dryer in your home, for example, make sure the property you're interested in has them included.
Operations and Maintenance
Naturally, with a larger house typically comes a larger price tag for homeownership. When considering the size of a home, don't forget to factor in monthly expenses such as property taxes, insurance, and HOA dues (if applicable).
Also, keep in mind that a larger home will require more time and money to maintain. You'll need to budget for regular repairs and upkeep, so be sure you're comfortable with those costs before making a purchase.
At the David Reitze team, we want to help our clients make the best decision for their unique needs. If you're still unsure about what size home is right for you, please reach out to us – we would be happy to offer our expert advice.
*PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Opinions expressed are solely my own and do not express the views of my employer.