Is it more efficient to build a new house or to live in an old house?
New homes are typically more energy efficient than older houses, having been built with newer building materials, better insulation, and state-of-the-art tech. Older homes tend to be less energy efficient, and that can lead to higher monthly expenditures for the new owners.
Is a bigger lot better when buying a home?
As a general rule, homes on larger lots have a higher property value than similar houses on smaller lots in the same area. For example, in some areas, a big front yard is highly prized, while in others, extra space is more valuable behind the home.
Is bigger always better when buying a home?
Bigger isn’t always better, and in fact, if current market trends hold then it’s likely that a bigger home is actually going to be a liability later on. There are so many things to factor in when choosing your ideal home, and size is just one of them.
Should you upgrade your home to a larger one?
If your current home is underwater, or if getting approved for the newer home depends on selling your current house, you may not even have the option of upgrading to a larger house. Are You Prepared for the Costs of Moving Up? Before you decide to upgrade to a larger home, consider the additional costs.
Is it better to have a small or large house?
A large home will require a lot of (expensive) furniture, carpet, flooring, appliances, paint, artwork, and more. Conversely, a small home will make decorating a relative breeze. Still, if I had to choose bigger or smaller, I’d go with bigger.
Is buying a large house a good investment?
Many of today’s young buyers aren’t interested in purchasing large homes, meaning what was once a sound investment can now be a major loss. There is no way to totally predict what will and will not be a good investment, especially when it comes to homes.