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Q. I’m ready to buy. What size house will I need?

A. Everyone is different and our needs change over the years. There are many personal and practical reasons involved in choosing which size home is the best fit. Here are few things to help you weigh your options.

The bigger the home, the higher the mortgage. You pay for what you get. It’s likely the mortgage payments will be more for a bigger house. However, a smaller home with more amenities is sometimes not that far off in price from a larger home that gives you a bit more square footage.

How long will you be in the home? Getting a bit more square footage now might be better than having to move again in a short period of time when you may outgrow the home.

Decide how much home you’re willing to maintain. Do you want the responsibility of a big back yard or do you want to have something such as a town home, where there is limited yard space to maintain.

Do you work from home? This is really important these days as more and more people are working from home. If you work from home, you will need extra space for you to work.

If you want a bigger home but aren’t sure you can afford it, consider your options. Will your income increase? Can you reduce your debt? Or maybe you can wait a little bit longer and save more money to get into the home you really want.

The important thing is to think about your needs before you start house-hunting. This will help you target homes that are most suitable for you. Be sure to consult with mortgage experts to find out how much home you can really afford.

I’d be more than happy to discuss this further with you and answer any questions you may have. Just give me a call.