why-bigger-isnt-always-better-the-benefits-of-a-small-homeOver the years the average home size has continued to increase in the US, with the average new home size in 2015 topping 2700 square feet. However, more and more people are starting to realize that less is more when it comes to the size of your home. Whether you are a first-time buyer or looking for your next home, choosing a smaller home may be a better fit for your family. Here are 6 benefits that may come with living in a small house.

Less cleaning and upkeep

Having less space means you’ll spend a lot less time cleaning. Instead of spending a few hours of your weekend cleaning your house (or worse, spending your hard earned money on a cleaning service) you’ll have more free time to do the things you love.

Lower utility bills

Rather than paying to heat, cool and power rooms you don’t use on a regular basis (guest rooms, dining rooms, movie rooms, etc.) you’ll have the ability to spend or save much more each month when you purchase a smaller home.

Smaller mortgage payments

Living in a small house may result in a smaller mortgage payment each month. This will leave you more money to do the things you love, travel, save for retirement, or even pay down your mortgage in a smaller period of time.

More family bonding

Living in closer quarters may provide more opportunities to develop better relationships with your family and spend extra quality time together, as opposed to being spread out in a larger home with limited interaction.

Less environmental impact

Choosing to live in a small home is not only good for your family and your budget, it’s also better for the environment. Smaller homes tend to use less energy and living in one can drastically reduce your carbon footprint.

More organization

When you downsize to a smaller home, you’ll likely have to pare down your belongings and embrace a more minimalist lifestyle in order to avoid clutter. Purging unnecessary items will help you remember that the most important things in life aren’t things.

  • By: Draper and Kramer Mortgage Corp.
  • In: Buying, Housing
  • Under: