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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5632 Sims Way Frisco, TX 75035

$410,000 - 4Br/4Ba -  for Sale in Tuscany Meadows Ph One, Frisco
New
$410,000
4 Beds
3.5 Baths
3,251 SqFt
Status Active
MLS # 13820823
Property Type Res-single Family
DO NOT WAIT!!! Immaculate Meritage home in beautiful Tuscany Meadows! This home sits on a prime lot and is just within minutes of the Frisco Athletic Center and waterpark in amazing Frisco ISD! The home has beautiful hardwood floors, grand ceilings, granite counters, fresh paint, brand new roof, stainless steel appliances, a new cedar board on board fence and so much more! The large master bedroom is downstairs and 3 additional bedrooms are up. There is another room that is being used as an office currently but could also be used as a 5th bedroom. DO NOT WAIT on this home!

2493 Bunny Run Lane Frisco, TX 75034

$520,000 - 4Br/5Ba -  for Sale in Quail Meadow Village Ph Iii, Frisco
Open House
New
$520,000
4 Beds
5 Baths
3,481 SqFt
Status Active
MLS # 13822734
Property Type Res-single Family
WOW! This 4 bed, 3 bath, 2 half bath home is fabulous! So many wonderful updates and upgrades including NEW pecan wood floors throughout the downstairs except in bedrooms and baths, huge, open kitchen with granite c-tops, carrera marble backsplash, large island with plenty of seating, large utility room with water hook up for fridge-sink, mud room, downstairs guest bedroom has it's own bath and tons of storage, walk-in attic storage, upstairs bonus room with half bath and book shelves stay, 3 car garage and shelves stay, smurf tube from living to media room, 2 tankless water heaters, natural gas line on back patio and more! This home is stunning! Make your appt. today!

3159 Camden Bluff Road Frisco, TX 75034

$550,000 - 5Br/4Ba -  for Sale in Pearson Farms 1c, Frisco
New
$550,000
5 Beds
4 Baths
4,212 SqFt
Status Active
MLS # 13823579
Property Type Res-single Family
This beautiful home in 5 star Pearson Farms features a gourmet kitchen with granite, ss appliances, huge island, double ovens, gas cooktop, and overlooks the family room with soaring ceilings and stone fireplace. Luxurious finishes include extensive handscraped hardwood floors, plantation shutters, elegant light fixtures, iron staircase, and more. The upstairs has never been lived in and includes a large gameroom with a wet bar and fully equipped media room with 7.1 surround sound. You have your own private and secure courtyard with wrought iron fence , magnetic gate, and intimate fireplace. Recently installed whole home water filtration system and 1 year old high end spa! Short walk to schools, park, and pool!

3453 Berkwood Place Frisco, TX 75034

$530,000 - 6Br/4Ba -  for Sale in Village Lakes Ph 2b, Frisco
New
$530,000
6 Beds
4 Baths
4,194 SqFt
Status Active
MLS # 13823717
Property Type Res-single Family
North facing house with 2 bedrooms down including master and one extra guest bedroom which can be study too. Open floor plan and Spacious game and media room upstairs and 4 additional bedrooms on 2nd floor. Granite counter tops and hard wood floors through out the living areas. Stainless steel appliances and gas cook top. Great family friendly neighborhood. Easy access to North Toll Way and highway 121. Very close to the new grand park. Highly sought after Frisco ISD Schools. Great neighborhood with pond, pool, playground & park! Unbeatable location mins from restaurants, shopping. New roof!

12482 Shepherds Hill Lane Frisco, TX 75035

$275,000 - 3Br/2Ba -  for Sale in Shepherds Hill Add - Ph Iiia, Frisco
New
$275,000
3 Beds
2 Baths
2,035 SqFt
Status Active
MLS # 13823720
Property Type Res-single Family
GORGEOUS 3BED + 2BATH + STUDY WITH SPACIOUS, OPEN FLOOR PLAN IN CONVENIENT FRISCO LOCATION! BEAUTIFUL LAMINATE WOOD FLOORING. LARGE, EAT-IN KITCHEN WITH ISLAND & STAINLESS STEEL APPLS. FORMAL LIVING ROOM COULD ALSO BE A PLAY ROOM. PRIVATE OFFICE WITH FRENCH DOORS. LARGE GRASSY PLAY YARD WITH NEWER FENCE.

15290 Bull Run Drive Frisco, TX 75035

$475,000 - 5Br/4Ba -  for Sale in Stonelake Estates West, Frisco
New
$475,000
5 Beds
4 Baths
4,215 SqFt
Status Active
MLS # 13820619
Property Type Res-single Family
Updated Beauty on Corner Lot in Frisco ISD! Dramatic two story Foyer with curved staircase. Light & bright stacked formals with upgraded lighting. Warm wood floors extend thru stunning Family Rm with soaring ceiling, floor to ceiling stone gas fireplace & wall of windows. Gourmet Kitchen features updated tile, quality granite, 42in painted cabinets, gas cooktop, SS appliances including matching fridge. Master down & Spa bath with updated tile, seamless glass & corner jet tub. Study or Bdrm down with Shower Bath.Game Rm with separate Media Rm, 4 Large Bdrm & 2 Full Baths up. Easy conversion for 2nd Mstr Up! Fresh paint inside & out, fresh carpet throughout. Water softener equipment coveys. Check out the 3D tour!

5041 Oak Knoll Lane Frisco, TX 75034

$1,098,000 - 4Br/5Ba -  for Sale in Starwood Ph Four Village 18, Frisco
New
$1,098,000
4 Beds
4.5 Baths
4,839 SqFt
Status Active
MLS # 13823686
Property Type Res-single Family
Custom home on a cul-de-sac street in Starwood! This .36 acre property is situated on a heavily wooded creek lot, offering a tranquil setting & lifestyle! The large cabana has a fp, TV & lights. Artificial turf in the large backyard allows for green grass year around. Pebble tech pool with hot tub. Chef2019;s inspired kitchen with granite island, butler2019;s pantry, Sub-Zero refrigerator, Wolf oversized cooktop, Thermador double oven, Miele coffee latte maker, Miele dishwasher & stainless steel wine cooler. Large exec study & spacious family room with coffered ceilings & rich hardwoods. Master & guest suites are down, both with creek views. Large game room & media room up. This lot sets it apart from most.

8257 Richmond The Colony, TX 75056

$536,223 - 4Br/3Ba -  for Sale in The Tribute, The Colony
New
$536,223
4 Beds
3 Baths
2,922 SqFt
Status Active
MLS # 13823764
Property Type Res-single Family
MLS# 13823764 - Built by Highland Homes - August completion! ~ GORGEOUS STONE ELEVATION ON THIS ONE AND A HALF STORY HOME. THIS HOME HAS 4 BEDROOMS, 3 FULL BATHS, STUDY, FAMILY ROOM, DINING ROOM, EXTENDED MASTER BEDROOM, EXTENDED OUTDOOR LIVING AREA, MUD ROOM, TRASH PULL OUT IN KITCHEN AND 3 CAR TANDEM GARAGE ON THIS OVERSIZED LOT. lots of wood floors and many more extras

8527 Anvik Drive Frisco, TX 75035

$535,000 - 3Br/3Ba -  for Sale in Preston-hutson, Frisco
Open House
New
$535,000
3 Beds
2.5 Baths
3,566 SqFt
Status Active
MLS # 13821595
Property Type Res-single Family
Megatel Homes' Bellagio II plan located in Preston Hutson with Frisco schools and only minutes from restaurants, shopping and lots of job opportunities. The foyer opens up to a formal dining room and just across the hall is a study or bedroom. Next is the gorgeous kitchen with quartz countertops and beautifully painted cabinets. The Breakfast and living room make for a fantastic venue to entertain guests. The Master suite is tucked away in the back and ready for you to relax. Upstairs is a massive game room, a media room and a couple of large bedrooms. This home has lots of space for lots of living!

9432 Hetta Drive Frisco, TX 75035

$538,000 - 5Br/4Ba -  for Sale in Preston-hutson, Frisco
Open House
New
$538,000
5 Beds
4 Baths
3,409 SqFt
Status Active
MLS # 13821674
Property Type Res-single Family
Megatel Homes' Lantana plan. This home is located in Preston Hutson community at the corner of Main and Preston in Frisco. Frisco ISD, shopping, restaurants nearby and Frisco business park are just a few of the highlights of this new Megatel community. The home has 5 spacious bedrooms, a massive gameroom and a covered patio to enjoy the outdoors. The front porch doorway opens to a stunning 2 story foyer and gorgeous dining area. This gives way to the custom kitchen with granite countertops and a beautiful island. The kitchen, breakfast and living room combine to make a large open concept perfect for entertaining! The master suite is tucked away in the back so you can relax in privacy.

9562 Kavik Street Frisco, TX 75035

$485,000 - 3Br/3Ba -  for Sale in Preston Hutson, Frisco
Open House
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$485,000
3 Beds
2.5 Baths
2,550 SqFt
Status Active
MLS # 13822642
Property Type Res-single Family
This new Megatel community offers outstanding schools, righteous restaurants, super shopping and just minutes away from Frisco business park! This 3 bedroom, 2 and a half bath patio home is fantastic for home owners that want it all. Close to everything Frisco has to offer and low maintenance at home. Kitchen is custom with granite countertops and painted cabinets. Wide open concept in the living room with 20 foot beamed ceiling. Upstairs is a massive gameroom and 2 more bedrooms. The master suite and bathroom are a perfect escape from the days travails.

4513 Chandler Drive Frisco, TX 75034

$340,000 - 3Br/2Ba -  for Sale in Stewart Creek Estates Ph 1, Frisco
New
$340,000
3 Beds
2 Baths
1,836 SqFt
Status Active
MLS # 13802472
Property Type Res-single Family
Looking for a fantastically updated home? Custom finishes are everywhere! From reclaimed wood, fresh appliances, newer wood laminate and carpet flooring, decorator paint, to the roof; this one has the updates! Awesome entertainer's floor plan with open kitchen, eating area, living, and outdoor space. Don't miss the garage refresh with epoxy coat and insulated door. Great value and convenient to major roadways. Full home automation system is negotiable.