For many, purchasing a home is a huge life goal. It’s often one of the largest investments made and with an
ever-changing real estate market, the pressure to buy can be intense. It’s currently estimated over 70 percent of
homeowners have some regrets over their home purchase. 

Included in these regrets is the size of the property. If you are searching to purchase a home, there are a few
notable reasons to be cautious of the size of a property before you buy. 

Purchasing a space too big 

When searching for your next home be cautious of purchasing a property larger than what’s called for by your
household. It can be tempting to purchase more rooms to have extra space but later on down the road you may find
yourself not knowing what to use these rooms for. 

More rooms typically come with a larger price tag on a home and having to spend extra money to furnish these rooms.
In some cases, the additional square footage can mean having to pay more on your yearly property tax as home size is
considered when calculating the property estimate. 

Owning too small of a home

Oftentimes, when moving into a new space, homeowners take into consideration the number of individuals moving into
the property when deciding on the number of rooms needed. This is a great place to start, however homeowners often
find after purchasing a home with the exact number of bedrooms required, they’re lacking space for storage. 

In addition to keeping storage space in mind, it’s also crucial to consider household planning. If you are actively
planning on expanding your household, it’s good to consider this when estimating the number of rooms you’ll
need. 

Buying a home is exciting however keeping calm and working with a trusted real estate agent can help you to make an
informed decision on the size of your next home purchase.