We undeniably live in a world where the modern credo is ‘the bigger the better!’ But, is this always true when purchasing a home? Before embarking on the journey to buying a house, there are many questions one should ask themselves to determine what will be the perfect block size.
Design: HomeSolution by Metricon
Can I Afford A Bigger Home?
The biggest question on everyone’s lips is, can we afford the palace of our dreams? Too often, home buyers look at a mortgage price on paper, shake hands and be off with the keys before considering this: the bigger the space = the bigger the costs. Delve deeper into the numbers considering mortgage interest rates, property taxes, maintenance and utilities. If you have decided to move onto a bigger block with outdoor space for the kids and pets, you need to consider the cost of lawn and garden upkeep.
How Many People Will Be Using The Space?
Homes for families are dynamic as they are ever-changing. Before deciding on block size, ask yourself, how many people are planning to use the space. Do you see additions to the family unit in the near future? Perhaps your young adults are on the cusp of leaving the nest? Asking these questions will help you choose the correct house to fit everybody comfortably, even guests who may visit from out of town. While you do not want to feel cramped, having too much ample space can lead to serious upkeep as well as making the place feel less homely!
Design: Langdon Building Group
Can I Afford To Furnish A Big House?
If you are an ambitious buyer with your eye on a 5 bedroom house, ask yourself if you have the furniture and budget to make it work. Adding a heap of square meters to the block size of your home may seem like a good idea in theory, but having beds to sleep on in bedrooms is important! Also, make sure you have the time to clean more floor space than usual. A house should look like a piece of art, not a blank canvas, so consider this when furnishing or shopping.
Is There A Sacrifice Involved?
While money is a significant factor when looking to buy, so is distance. If a bigger house awaits you much further away from work, school and your hobbies, will your lavish palace end up making you time poor? Taking this into consideration could potentially save you hours of your day that would otherwise be spent in a car or public transport.
Can I Afford To Heat & Cool A Bigger Space?
Whether you’re battling an icy Winter or fighting to cool off in Summer, the size of your home may have a big impact on your next electricity bill. Make sure you account for these often forgotten about costs when considering a larger block size.
Thinking of building a new home but not sure where to begin? Our New Home Advisory Team can help simplify the process by answering all your questions! Call 1800 184 284 or book a call.
Let us do the legwork for you.
- We’ll ask the right questions to better understand your needs
- We’ll create a recommended shortlist ideally matched to you
- We’ll answer specific questions or concerns related to home building, land purchasing or financing
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