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A survey by DuProprio, indicates 28% of Canadians feel the need to move every 5 years.
Moving can be exhausting and can take up a significant amount of your time. Thinking strategically about the house size you need may help you stay in one place longer. For tips on how to do just that, keep reading.
Before you decide on what house size to buy consider changes in your budget in the future. Do you plan on having children in the future? If so, consider how many bedrooms you’ll want to have and the layout that would be ideal.
If you’ve been wanting to upgrade or buy a new car, look for a house with a garage depending on your area. These big changes can not only affect the amount of space you’ll need but also how much money you’ll have.
A new car payment can affect how much you have for your rent. On average, a family can expect to spend around $12,825 per year to raise a child. Taking this amount of money into account will be necessary to make sure you can afford your property.
If you’re a person who tries to be eco-friendly in your lifestyle choices you should know that the size of your house can affect the environment. The bigger the house the more utilities and resources are spent maintaining it’s space.
Buildings contribute to about one-third of global greenhouse gas emissions. Living in your own home can mean taking up more land, building materials, and accumulating more trash and wasted water.
Buying a smaller house size can help in not wasting materials and contributing largely to the wasted resources. There are also changes you can make to your building to help reduce your carbon footprint.
Consider the maintenance the house size you are looking at will require. And whether or not you’ll be able to keep up with them. As not doing so may decrease the value of your home.
As far as outdoor maintenance, look at the lawn area around the home and it’s exterior. How much will lawn work be and how much time will it consume? How hard will it be to clean the gutters and powerwash the sides?
These are all extra expenses to make note of. Look at how big each room is. Understand that these rooms will also need to be maintained with regular cleaning.
Think about where you want your life to be in the future. And not just next year but in 5 years or even 10. Will the current house be enough for you?
Some things to consider include any changes of work or future business ventures that might be expensive. If you have extended family or have children think about who might move out in the future and who might be moving in.
After a few years, you may want to change up your property as well. This can be accomplished with a few easy fixes to certain areas.
Buying a home is a long-term commitment. After all the average mortgage is 30 years. So you’ll want to make sure that you are making all the right decisions to be comfortable with your purchase.
For tips on home warranties when buying a home check out this blog post.