Moving into a bigger home has many benefits, but it also has some disadvantages, such as a higher price tag and additional obligations. Finally, deciding whether or not to move into a larger home is right for you is a personal decision.
Houses have been getting bigger and bigger. According to a survey, new residences built-in 1921 had an average floor plan of 1,011 square feet and provided 233 square feet of room per person. The median size of a single-family home in the United States today is 2,261 square feet, according to the United States Census Bureau. Given that each home houses an average of 2.53 people, it corresponds to around 894 square feet per person—nearly four times more room than 100 years ago!
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If you’re thinking about moving into a larger home, you’re probably aware of at least some of the advantages. After all, you’re probably relocating for a better living situation. However, there are a few factors that may surprise you.
This one is self-evident. A larger home may feature more rooms or larger rooms, depending on the floor plan. Ask yourself why you want to relocate before you start looking for a bigger house. Are you planning on having another child? Then you’ll need a house with multiple bedrooms. Do you want to get entertained even more? A large kitchen and an open floor design might be a huge plus.
Larger homes can come with extra features such as walk-in closets and more space. There is still room for improvement
Whether you want to start a family in the future or anticipate your parents moving in, a larger home allows you to comfortably accommodate everyone. The floor plan you require is usually dictated by how you intend to grow. You might want to seek a property with a mother-in-law suite if you need space for your parents or an adult kid to move in.
More room provides you with a lot more freedom over time. You may desire a larger home right now because you want your children to have their own bedrooms, but the extra space will allow you to accomplish much more in the long run.
More room for storing
Larger houses typically have a lot more storage. A walk-in closet in the master bedroom, cupboards in the hallway, or a three-car garage with built-in storage are all standard features in a 2,500-square-foot home. Although greater storage space should not be the sole reason for purchasing a larger home—you’d be better off eliminating goods that don’t fit in your existing home rather than purchasing a larger home—it is undoubtedly a benefit.
There is enough space to host guests
If you frequently host family gatherings or simply have friends around, having greater room allows everyone to feel more at ease and roam around. Larger kitchens are more common in larger homes, making it easier to prepare a thanksgiving meal or supper for company. Similarly, larger homes offer more open floor plans and larger yards for outdoor entertaining.
Are you expecting visitors from out of town? With a larger home, you may be able to provide a guest room for them to stay the night.
Better return on investment
As a general rule, the larger the residence, the higher the price tag. However, when it comes time to sell that home, you will almost always make more money.