Engle Realty: Louisiana Real Estate
Residential & Commercial Real Estate Sales and Rentals
Whether you are a first-time home buyer wanting to buy a starter home or a husband or wife who is looking to find a larger home for a growing family, there are things you'll need to keep in mind when buying a house. Ultimately, you know yourself best, and so only you can make the best decision about what is best for you. Nonetheless, these tips will help guide you to make a wise decision:
PROS OF BUYING A BIG HOUSE:
Great for large group gatherings and for having guests.
More storage area.
More options (possibility of doing more activities, like having a game room, computer room, exercise room, library.)
CONS OF BUYING A BIG HOUSE:
A bigger heating and cooling bill to heat and cool more space.
More maintenance needed on the property because of more roof and such to break down.
Bigger expenses when doing maintenance (Example: If you have two a/c's then you'll have to fix your a/c twice as much. When replacing shingles on your roof, it will cost more to do so with a bigger house.)
Less convenience in some floor plans... Large houses will take more time to walk through.
For older properties, bigger houses were once smaller houses that were added on to. Most add-ons tend to make the floor plan inefficient.
Bigger houses have more upkeep needed and more expenses in general.
Have you ever seen a house where there wasn't a single piece of furniture in the room? You likely haven't. So if you plan on buying a room when you don't really need it, then you are also committing yourself to furnishing that room regardless of if you only use it two times a year for when guests stay the night. Remember, regardless of whether you use it a lot or not at all, this room costs money in heating and cooling 365 days a year!
With these pros and cons of buying a big house in mind, you'll need to remember this rule:
Don't overbuy or buy more house than you will ever need. Don't underbuy, but plan ahead if you plan on keeping the house for the long haul, and buy a house that you won't "grow out of" if you are going to be having kids.
Contact Engle Realty to get started with the buying process at 225-937-4003.