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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11652 Penick Way Frisco, TX 75033

$725,000 - 4Br/5Ba -  for Sale in The Fairways Ph 7, Frisco
New
$725,000
4 Beds
4.5 Baths
4,246 SqFt
Status Active
MLS # 13886024
Property Type Res-single Family
Stunning Mark Molthan Custom Home on a 3rd of an acre with tree lined frontage on the 7th Fairway of the Trails of Frisco Golf Course. You are welcomed home to majestic custom iron door placed beneath a stoned turret entrance. Once inside ,gorgeous wood floors guide you to everything you ever wanted in a home.From the Gourmet kitchen features of honed stone island, vintage subway look tile back splash with intricate tiled mosaic above a 6 burner Electrolux cooktop and oven,Sharp Commercial vent,and Subzero stainless refrigerator.Master en-suite w large sitting area, marble top water basins,separate shower,jetted tub and generous walk-in closet with wood floors. Guest Rm down.Upstairs Private patio and balcony.

13483 Stanmere Drive Frisco, TX 75035

$499,900 - 5Br/4Ba -  for Sale in Cypress Creek Ph 1, Frisco
Open House
New
$499,900
5 Beds
4 Baths
3,574 SqFt
Status Active
MLS # 13890575
Property Type Res-single Family
Beautiful 5 bedrooms in Frisco ISD. Feel at home with 2 bedrooms down, 4 baths, media room, game room, and study. This home features beautiful extensive hardwood floors in main living areas. Neutral plush carpet in bedrooms. Large master bedroom with an inviting bath with separate shower, dual sinks, and a large garden tub. Upstairs enjoy the open game room, 3 additional bedrooms, 2 full-size baths, and a large balcony viewing the backyard. Enjoy the large stone fireplace in the family room with a great view of the covered outdoor living area with a second fireplace and flat screen wiring for your tv. Hurry! this home won't last!

1109 Damsel Ginger Lane Lewisville, TX 75056

$525,000 - 4Br/4Ba -  for Sale in Castle Hills Ph Iii Sec A, Lewisville
Open House
New
$525,000
4 Beds
3.5 Baths
3,631 SqFt
Status Active
MLS # 13890590
Property Type Res-single Family
Beautiful 4 BDRM 3.5 BTH home in prestigious Castle Hills Lewisville ISD! Recently installed wood floors, crown molding w open concept living rm, dining & eat in kitchen off spacious enclosed patio perfect for entertaining! Recently updated kitchen features granite, island, ss appliances, breakfast bar & crisp white cabinetry w ample space for storage & prep. All bdrms on 1st flr. Mstr suite w plantation shutters, high ceiling & spa like bath w garden tub, sep shower & walk-in closet. Big game & media rm up. Formal dining & home office or 5th bdrm complete the layout. Wired for surround sound. 2 new water heaters 2018. Lrg backyard w patio & tree line for privacy. Easy access to SRT, shopping & entertainment.

1830 Lantana Lane Frisco, TX 75033

$559,900 - 4Br/4Ba -  for Sale in The Trails Ph 7 Blk G Lot 7, Frisco
Open House
New
$559,900
4 Beds
3.5 Baths
4,085 SqFt
Status Active
MLS # 13892306
Property Type Res-single Family
Huntington Homes design with tall ceilings, crown moulding, DUAL STAIRWAYS, solid core doors and plantation shutters throughout. Master suite is located on the main level with an enormous master closet! Large island kitchen has a breakfast room and an enormous walk-in pantry. A keeping room off of the kitchen creates a nice transition to the 3-car garage. Upstairs is a large landing game room and separate media room. Three bedrooms and two baths are located upstairs and have generous walk-in closets.D;A;Roof replaced in 2016 and windows replaced in 2017... Exceptional home with easy access to walking trails, a tennis court, and two swimming pools.D;A;Among the finest, more established neighborhoods in Frisco!

8412 Stone River Drive Frisco, TX 75034

$998,000 - 5Br/7Ba -  for Sale in Chapel Creek Ph 2a, Frisco
New
$998,000
5 Beds
7 Baths
5,204 SqFt
Status Active
MLS # 13892800
Property Type Res-single Family
Incredible Custom Home Located on a Cul de Sac in Sought After Chapel Creek offers Impeccable Finishout and a Private Backyard Oasis! Highlights include, lushly landscaped beds, formals w adj Butler2019;s Pantry, study w coffered ceilings, 2nd bed w en-suite bath down, hand scraped hardwoods, soaring ceilings and more! Gourmet Kitchen w granite, Sub 0, gas CT, huge island and BF area with wine room! Open family room with built ins and cozy stone fireplace overlooks backyard retreat! Master w luxury bath and WIC. 3 add beds w en-suite baths, media room and game room w full service wet bar up! Private, resort-style backyard with pool, spa, water features, outdoor living area w built in grill, and a huge private yard!

12316 Blue Ridge Drive Frisco, TX 75033

$342,900 - 3Br/2Ba -  for Sale in Northridge Ph 3, Frisco
New
$342,900
3 Beds
2 Baths
2,300 SqFt
Status Active
MLS # 13893827
Property Type Res-single Family
Ashton Woods single story home on beautifully landscaped corner lot in highly desirable Northridge! Design features include raised hardwood oak floors stained on site, new carpeting, freshly painted, maple cabinets with designer hardware, SS appliance, rubbed oil bronze fixtures, under mount cabinet lighting, crown molding, large bedrooms w tray ceilings and walk in closets, 2 panel doors, vaulted ceilings. Money saving Energy Efficient Home with Solar screens, insulated 3 car garage, Low E lighting, fresh air exchange. Large backyard features extended patio with cedar cover, Cedar fence, plenty of room for a pool. Close walking distance to community pool! Roof replaced 2014. Exemplary schools close by!,

11372 Geranium Drive Frisco, TX 75035

$456,000 - 4Br/4Ba -  for Sale in Villages At Willow Bay South Ph I, Frisco
New
$456,000
4 Beds
3.5 Baths
3,014 SqFt
Status Active
MLS # 13893933
Property Type Res-single Family
Welcome home with this turn-key, move in ready 4 bedroom, 3.5 bath, with a rare offering of a 3 car garage! You will fall in love with the welcoming two story entry, beautiful wood floors through-out first level, and gorgeous neutral paint in every room. Additional upgrades include plantation shutters in the dinning room, master bedroom and bathroom, and upstairs front facing bedrooms. This house does not disappoint, you won't want to miss seeing it in person!

2229 Goliad Circle Frisco, TX 75033

$375,000 - 4Br/3Ba -  for Sale in Northridge Ph 1, Frisco
New
$375,000
4 Beds
2.5 Baths
3,025 SqFt
Status Active
MLS # 13894287
Property Type Res-single Family
4 bed 2 and 1 half bath 3 car garage home on an interior lot on a cul-de-sac street. It is close to community pool & playground. Home has plantation shutters, a gas log fireplace, updated tile in the master bath, open kitchen and family room. Kitchen features a butler2019;s pantry, breakfast bar, gas cook top, & walk-in pantry with additional storage. Extended patio with a wonderfully landscaped yard with a beautiful board-on-board fence plus iron-gated driveway. The fenced in drive with the 3 car garage makes the back yard a safe and private getaway. Grass at this house looks like a blanket with most of it being zoysia. Refrigerator stays.

8050 Palisades Drive Frisco, TX 75034

$395,000 - 5Br/3Ba -  for Sale in Westfalls Village Ph 5, Frisco
New
$395,000
5 Beds
3 Baths
3,197 SqFt
Status Active
MLS # 13894670
Property Type Res-single Family
Updated home with the master bedroom and guest bedroom downstairs. Upstairs you will find 3 more bedrooms with an additional living space for the kids. Plus this one has an electric gate with a 3 car garage! HVAC, roof, and carpet were replaced in 2018. Freshly painted inside and new light fixtures have been installed. Updated kitchen and master bath, new wood floors downstairs. This one is a must see!

11595 La Cantera Trail Frisco, TX 75033

$1,799,000 - 6Br/7Ba -  for Sale in The Fairways Ph 7, Frisco
New
$1,799,000
6 Beds
7 Baths
8,656 SqFt
Status Active
MLS # 13864247
Property Type Res-single Family
Masterfully designed modern luxury! Every detail carefully selected to make this a one of a kind home. Clean, crisp lines, unique flooring & lighting throughout. Gourmet kitchen with two granite islands, glass enclosed bar & built in breakfast table is truly unique. SS appliances, commercial grade fridge & freezer, 6 burner cook top w grill & griddle. Dramatic sunken seating area in family room with views of pool. Two master sized bedrooms dwnstrs both with sleek luxurious bathrooms and large closets. Downstairs media room with tiered seating. Balconies off bdrms upstrs. Gym, game rm & study also up. Large covered patio, pool & large grassy area overlooking golf course for entertaining. House completed in 2015.

1298 Marquette Drive Frisco, TX 75033

$450,000 - 4Br/4Ba -  for Sale in Grayhawk Ph Ix, Frisco
New
$450,000
4 Beds
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Status Active
MLS # 13870173
Property Type Res-single Family
Beautiful Home in Great location with coveted Frisco schools! Inviting curb appeal with lush landscapingD;A; & mature trees. Ceramic Tile flooring featured in entry, hall, nook, kitchen, and family room. Open kitchen to family rm boasts lots of cabinetry, granite counters, double ovens, tile backsplash, and island. Soaring ceiling family rm with crown molding, direct vent fireplace & logs. Spacious Master suite includes crown molding and nice bay window. Master Bath includes separate shower, garden tub, dual sinks, & large closet. Iron spindles, gameroom, wetbar, media, media platform, & large second master with sitting area. Nice size backyard with landscaping perfect for outdoor living. This home is a must see!

16021 Weymouth Drive Frisco, TX 75034

$325,000 - 4Br/3Ba -  for Sale in Rivendale By The Lake Ph 1, Frisco
Open House
New
$325,000
4 Beds
2.5 Baths
2,709 SqFt
Status Active
MLS # 13886799
Property Type Res-single Family
*OPEN HOUSE July 21,22* Popular Condor floorplan features bright, open and inviting layout on a corner lot. Like new without the wait! This home features covered porch, grand entry, arched doorways n art niches. Lrg study, spacious open kitchen, family rm and private master suite all on 1st floor. Kit is a dream w abundant cabinets, granite n SS Gallery appliances w gas range. On 2nd floor are spacious gamerm and 3 bedrms ea w tall ceilings and walk-in closets. Extras include solar screens on east side of home, brick n stone landscaping borders, blinds and ceiling fans throughout. Just 1 block from neighborhood pool w waterslides, splash pad and community center. Close to lake, trails, parks, and restaurants.