Engle Realty: Louisiana Real Estate
Residential & Commercial Real Estate Sales and Rentals
The answer varies by need. Not only would everyone have a different answer, but every person's square footage need changes over time. Growing up in college, some college kids could live in a walk-in closet and bathroom of 80 square foot while utilizing fast food and no need for a kitchen, as dorms are not much bigger, however this small of a living space would be too small for a growing family of four. Graduating from college and getting married, a buyer would need room for two. So they might get a 1 bedroom apartment between 500 and 700 square feet in size. Buyer's having children would then need to likely upgrade to a two bedroom that is between 700 and 900 square feet. If the husband wants a home office, then the home would be between 900 and 1100 square feet. A growing family, with say three children may need between 1300-2500 square feet. Then when the kids move out they may want to downsize... so they move back down the square footage ladder.
With this being the way things work, it is important to consider what your future plans and goals are. For instance, if you are engaged to be married in one year, then buying a one bedroom will be soon outgrown if you plan on having kids in the near future.
On another note, say you can't move, because you're upside down in a house, or you really love the location... If you're needing more space, but moving is not an option, a solution could be to get rid of any excess furniture and belongings. Oftentimes people accumulate so many items that they simply cannot manage what they have. We really can live on much less than we have. For some of us, this may be the answer we've been waiting for.
By listing your goals down on a sheet of paper, you'll have a better idea of what your near future needs will be. Planning your real estate purchase is an important step in your real estate purchase. Call a local Engle Realty real estate agent to help you as you plan your real estate purchase.