BENEFITS OF BUYING A SMALLER HOME

Tired of all the work it takes to maintain your LARGE home?  Feeling like you need to downsize and make like easier and less complicated?  Then maybe a smaller home is just what you need.

Remember, I said small not tiny.  Think more along the lines of 1,000 square feet.  If you are single and looking to buy your first home, small maybe just the thing you need.  Consider it "training" for the day you buy that bigger home.  Or, if you are downsizing and no longer need the larger home, a smaller home can be just what "the doctor ordered".

Here are a few benefits of buying a smaller home.

1. Lower sale price, lower mortgage, and lower escrow costs.  This is not rocket science - with a smaller home you have less cash outflow with the purchase and mortgage.  Saving for a down payment is no longer a Herculean task.

2. Energy efficient.  All things being equal with a smaller house you will tend to see lower energy costs both during the summer and winter months.  Few open spaces mean lower energy bills and that is a big benefit to budget minded people.

3. Easier maintenance and upkeep.  If you think that a smaller home is maintenance free, think again.  There will always be little things popping up here and there that will need a little repair or replacement.  The plus side to this is that your expenses will be considerably less.

4. Unique, cozy, and intimate.  Probably the three best words to describe your smaller home.  Remember, these three words as one or all of them were instrumental in your decision to purchase the smaller home.  Even though a small home is just that - small; you can make it feel as big as you want through create design and color combinations.

Just as you do not judge a book by its cover; do not judge small homes by their size.  After all you may own a diamond in the rough.