How big of a home do you need? 5 Questions to Ask Yourself

homesize

When it comes to homes, the popular credo is that bigger is better. More square feet = a larger slice of the American dream, right?

Not necessarily. For one, bigger homes obviously cost more, and oversized McMansions can be harder to sell. As such, you’ll want a home that’s neither too big nor too small. But how do you strike that balance?

Here are five questions to ask yourself that will help you determine how much space you really need.

1. Is this my ‘forever’ home, or is ‘right now’ good enough?

While you can’t predict the future (darn those unreliable crystal balls), it is possible to evaluate the likelihood you might be moving in coming years. If so, then maybe you don’t need to buy that perfect “forever home” where you’ll grow old; maybe a “right now” home is good enough.

There’s a common perception that you should be searching for your ‘forever home,’ and that pressure to find a place that has all the space you might ever need often leads buyers to purchase a home that might be too big. It’s OK to know that you’ll only live in a home for the next five or six years, and to buy a home that will serve your needs during that period. You can always re-evaluate and upgrade to a bigger space later.

2. What will my income look like later?

If you’re early in your career, odds are decent that your income will increase over the years. Or, if you’re reaching the end of your career, you may be looking at flattened or declining income. In either case, it’s never a good idea to get a mortgage at the max of what you can afford; it’s better to go small and have some wiggle room. Also, remember more space means more time and money spent on upkeep and maintenance, more rooms to fill with furniture, and higher utility bills to heat and cool the home. Any future improvement projects, like installing new floors or replacing windows, will cost more when the space is bigger.

3. What are my priorities?

Another question to consider is what you’ll use all that space for—and be honest: While you might dream of hosting epic dinner parties in that big formal dining room, will you really? Can you say with certainty that your in-laws will descend on you during the holidays and need a guest bedroom to crash in, or might they be just as comfortable in a nearby Airbnb? Aside from justifying what you’ll use each space for, ask yourself what you’re giving up. If you dream of having a secret “travel fund” so you can see the world, that may be possible only with a smaller mortgage (and house). Or, perhaps you value things other than space, like school district or a walkable location. So make sure to factor in those variables, too—and make sure you aren’t sacrificing them for space you don’t need.

4. How much space do I want from my own family members?

If you absolutely must have privacy—to, say, get work done in a home office or chill out in your man cave—then that extra square footage may be well worth the money. But if you’re more the type who loves having their family members nearby, a large home gives people plenty of alone time … sometimes too much.

Fettke, for one, is glad her home is small because it keeps her in close contact with her kids. “I’ve found that my daughter’s friends who live in large homes rarely even run into their parents,” she says. But since her own home is smaller, her kids are constantly underfoot—just the way she likes it.

“Plus it seems that most of our daughter’s friends hang out at our place, even though it’s tiny,” she says. Sure, the beach nearby may be one draw, but so may be the cozy, close-knit family environment a smaller home forces you to have. “Maybe they like the homey environment and being able to smell the cookies being baked around the corner,” she says.

5. Does this home feel spacious even if it doesn’t have much space?

Keep in mind that even small homes can feel spacious purely based on an open floor plan and lots of light. Meanwhile, large homes can still feel cramped if they’re dark or poorly laid out. So, when shopping real estate listings, know that the little number next to square footage may not tell the whole story.

The total square footage of a house can be deceiving, features like a long hallway may increase the total, but they are spaces you pass through, not a true destination within the home. So instead of homing in on total square footage, buyers should focus on the size of individual rooms where they see themselves spending the majority of their time. Who cares if your bedroom isn’t massive, since all you plan to do there is sleep?

CURRENTLY AVAILABLE HOMES IN YOUR AREA

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1287 Polo Heights Drive Frisco, TX 75033

$464,900 - 5Br/4Ba -  for Sale in Grayhawk Sec Ii Ph I Blk U Lot 1, Frisco
New
$464,900
5 Beds
4 Baths
3,737 SqFt
Status Active
MLS # 13935640
Property Type Res-single Family
Beautiful Corner lot North facing home in sought after Frisco ISD in GRAYHAWK community. Open floor plan, open kitchen to living area, extended hardwood floors all downstairs in living area, hallways, study, nook, & dining area. Lots of upgrades in the kitchen to include granite counter tops, upgraded appliances, pull out spice racks and island. Master bedroom down with jet tub bathroom. Guest room with full bath, study and mud room down. 2 bedrooms and 1 bath up with media and large game room upstairs. Upgraded window seatings at Nook Area, Dinning Area and Mstr Bedroom. 2 Car Garage.Community amenities feature a resort pool, parks, playgrounds, walking trails. Conveniently close to Highway 423 and DNT.

9716 Spring Drive Frisco, TX 75035

$330,500 - 4Br/3Ba -  for Sale in Autumn Park, Frisco
New
$330,500
4 Beds
3 Baths
2,713 SqFt
Status Active
MLS # 13935841
Property Type Res-single Family
Well maintained home in sought-after area.The open family room features a corner fireplace with an elegant mantle. Bountiful windows give this room an open airy feeling. The kitchen has a breakfast bar overlooking the breakfast nook and family room. Master bedroom has large walk-in closet and master bath with jetted tub. Gameroom, bedrooms upstairs.D;A;16x8 Storage on property.

910 Stone Circle Lane Lewisville, TX 75056

$490,000 - 4Br/4Ba -  for Sale in Castle Hills Ph Iv Sec A, Lewisville
New
$490,000
4 Beds
3.5 Baths
3,500 SqFt
Status Active
MLS # 13935624
Property Type Res-single Family
BRAND NEW WOOD FLOORS!Beautiful 2 story 4 bedrooms & 3.5 bath , study, game room & upscale media room. Home offers a two story entry with High ceiling family room stone fire place. just installed new wood floors. Huge kitchen with granite counters Spacious master suite, three bedrooms, game room& media room upstairs. cover patio,Detached 2 car garage & large grassed backyard. Prestigious Castle Hills community offers all these amenities over 25 bike trails, tennis & basketball courts, golf course Village Shops & restaurants, ponds for fishing & community activities!Exemplary rated Elementary school within the Community. Miles to Legacy West & Headquarters Drive, Top Golf, Grand scape, Frisco star,Toyota, FedEx.

9754 Lovers Lane Frisco, TX 75035

$369,900 - 4Br/2Ba -  for Sale in Meadows Of Preston Ph I, Frisco
Open House
New
$369,900
4 Beds
2 Baths
3,054 SqFt
Status Active
MLS # 13935578
Property Type Res-single Family
Come see this contemporary executive home in the best location in Frisco. It is a previous model home with many upgrades. All bedrooms downstairs! Open floor plan is perfect for entertaining. The master bedroom is spacious, with a spa-quality bathroom and jetted tub. The Kitchen is remodeled with new cabinets, granite counters & butler pantry. Incredible media room upstairs and a billiards or game room. Fresh paint, newer appliances, roof, flooring, fence, quartz counters, too many upgrades to mention! Swing, speakers, pool table and basketball hoop stay! Walking distance to park, quiet neighborhood, close to shopping, easy commute, sought after Frisco ISD. Call Patty for a showing 469 4005182.

9323 Santa Fe Trail Frisco, TX 75033

$375,000 - 4Br/2Ba -  for Sale in The Trails Ph 1 Sec A, Frisco
New
$375,000
4 Beds
2 Baths
2,905 SqFt
Status Active
MLS # 13932268
Property Type Res-single Family
Rare story and a half gem on a greenbelt with walking trails! Amazing greenbelt views from the spacious family room with a gas fireplace. Kitchen with island, granite, and breakfast area with window seat overlooks the family room. All 4 bedrooms down, including office with a spacious gameroom upstairs. Grand master suite located towards the rear with custom closet, also enjoys pristine greenbelt views. Wood floors throughout most of downstairs. Beautiful designer tile added in kitchen and bathroom, roof replaced in 2017, flagstone patio, and 2 newer AC units. Park and schools all within walking distance. Well-established and maintained, The Trails community offers pools, parks, playgrounds, tennis, and trails.

7361 Reflection Bay Drive Frisco, TX 75036

$399,000 - 2Br/2Ba -  for Sale in Frisco Lakes By Del Webb Ph 1b, Frisco
New
$399,000
2 Beds
2 Baths
1,908 SqFt
Status Active
MLS # 13934930
Property Type Res-single Family
Well-designed Walden Plan with Amazing Golf Course View! Just off the foyer, French doors lead to the study with a decorative coffered ceiling. Guest bedroom and bath are split from master. Kitchen offers granite counters, gas cook-top, tile back splash, convection oven and stainless appliances. Next to the kitchen is a breakfast nook overlooking the covered patio with a lovely golf course view. Across from the kitchen, the dining area boasts a trey ceiling & chair railing. Master suite enhanced by the bay window seating area, trey ceiling, dual sinks with Corian counters, jetted tub, separate tile shower, linen closet & walk-in closet. Partially fenced backyard. Zero fee loan available on this listing.

14086 Susana Lane Frisco, TX 75035

$399,900 - 4Br/3Ba -  for Sale in Miramonte #2a, Frisco
New
$399,900
4 Beds
3 Baths
2,602 SqFt
Status Active
MLS # 13935194
Property Type Res-single Family
GORGEOUS Home Better than New! Upgrades Galore! Outstanding Master Planned Community of Miramonte. PERFECT LOCATION ACROSS FROM THE AMENITY CENTER!!! 4 Bedrooms, 3 Full Baths, Upstairs Game room. Beautiful Hard Wood Floors Throughout Most of the Downstairs. Massive Eat At Island, fits 4 Bar Stools easily. Incredible Floor Plan, perfect for almost every family! The Kitchen will Impress - Gorgeous Granite, 42 IN Cabinets, Under Cabinet Lighting, Subway Tile Back splash, OPEN CONCEPT. Additional Features Cast Stone FP, Crown Molding, Wrought Iron Spindles, 5 IN Base Boards, Granite in All 3 Baths, 2 IN Blinds. ADDED BONUSES -OFFICE TUCK AWAY OFF OF KITCHEN, OUTDOOR BUILT IN GAS GRILL, BAR TOP, EXTENDED PATIO.

1001 Delaware Drive Carrollton, TX 75010

$385,000 - 4Br/3Ba -  for Sale in Estates Of Indian Creek Ph Ia, Carrollton
New
$385,000
4 Beds
3 Baths
2,674 SqFt
Status Active
MLS # 13935455
Property Type Res-single Family
Beautiful and recently renovated 4 bedroom and 3 full bathroom home. Enjoy brand new wood floors and tiles throughout the home. Kitchen comes with quartz counter-tops, built in oven, over the range microwave, gas cook top, fridge and freshly painted cabinets. High ceilings and large windows bring in lots of natural light. New owners will have peace of mind with brand new roof and fence. Home falls into the highly sought after Lewisville ISD. Close proximity to many retail and shopping centers. Neighborhood has a beautiful lake with enjoyable long walking trails.

13072 Sewanee Drive Frisco, TX 75035

$307,000 - 4Br/3Ba -  for Sale in Creekside At Preston #3, Frisco
New
$307,000
4 Beds
2.5 Baths
2,617 SqFt
Status Active
MLS # 13935095
Property Type Res-single Family
Beautiful, freshly painted 4 bedroom home in Creekside at Preston. Open kitchen with granite counters, stainless steel appliances, walk-in pantry, and grey cabinets. (New range to be installed) 3 living areas or 2 living & 2 dining. Front room can also serve as an office. Recently installed laminate flooring and recently replaced carpet. Master down. Large game room with closet and 3 bedrooms up.

14005 Wheatfield Lane Frisco, TX 75035

$499,000 - 4Br/4Ba -  for Sale in Prairie View, Frisco
New
$499,000
4 Beds
3.5 Baths
3,045 SqFt
Status Active
MLS # 13934637
Property Type Res-single Family
This beautiful 1 story home sits on a corner lot and is very unique with 4 bedrooms, 3 full baths and 1 powder bath, as well as a 3 car tandem garage. It also features a media room, study and formal dining along with outdoor living space. This house is one of a kind, so come out and see it before it is gone.

1212 Lake Falls Terrace Lewisville, TX 75056

$496,880 - 5Br/3Ba -  for Sale in Lakewood Hills, Lewisville
New
$496,880
5 Beds
3 Baths
3,281 SqFt
Status Active
MLS # 13934828
Property Type Res-single Family
NEW CONSTRUCTION - Lakewood Hills in Lewisville. Two story Lexington plan with brick and stone exterior - Elevation F. Available for January 2019 move-in. 5BR, 3BA + Bay Window + Covered Patio - 3281 sq.ft. Open concept layout with stainless steel appliances, 42 inch upper cabinets, pendant lighting, and beautiful tile backsplash. Recessed lighting throughout. Upgraded wood flooring and bay window at Owner's Suite.

1316 Lake Falls Terrace Lewisville, TX 75056

$411,310 - 3Br/2Ba -  for Sale in Lakewood Hills, Lewisville
New
$411,310
3 Beds
2 Baths
2,165 SqFt
Status Active
MLS # 13934850
Property Type Res-single Family
NEW CONSTRUCTION - Lakewood Hills in Lewisville. One story McKinney plan with brick and stone exterior - Elevation C. Available for December 2018 move-in. 3BR, 2BA + Bay Window + Fireplace + Covered Patio - 2165 sq.ft. Open concept layout with stainless steel appliances, 42 inch upper cabinets, pendant lighting, and beautiful tile backsplash. Recessed lighting throughout. Upgraded wood flooring and bay window at Owner's Suite.