According to recent statistics, one of the most popular reasons for moving is the desire for a new or better home, a sentiment you can identify with if you’ve ever moved.
But what exactly constitutes a “better” house? In this case, the adage “beauty is in the eye of the beholder” holds true.
For some, a dream home is a sprawling mansion. Picture this: a 1300 sq. m home situated on 12 hectares, complete with a nightclub, car showroom, guesthouse and movie theater.
Sound like a dream? For two homeowners who were featured in a recent Wall Street Journal article, this was their reality and their dream home. But for some, this property would be their worst nightmare.
Many buyers of very large properties underestimate the daily maintenance required to maintain a home of that size.
But all of us can relate: Yes, it may be lovely, but do we really want to pay the high heating and cooling costs? And while that backyard is extensive, do you want to spend the summer mowing it?
Now, many home buyers are rethinking the joys of owning big properties and opting for tiny houses and condos. For many, this is an affordable way to become a homeowner.
Living in 92 sq. m, or less, has challenges that many people enjoy: they buy dual-purpose furniture and even sing the praises of the old-fashioned Murphy bed that disappears into a wall when not in use. Blogs, lifestyle magazines and websites are full of savvy advice on storage and how to make your home look bigger.
But no matter what size home you buy, it’s important that you and your family find one that works with your lifestyle.
Be honest with yourself (and your real estate agent) and have realistic budget expectations, and you’ll find that even a tiny home can make you happy.