Wanting to buy your first property is a great goal. Part of your future success and happiness will depend on knowing the size to buy.
Many first time buyers try to buy their ‘forever house’ in their first attempt. Yes, in the years to come your family may grow but what do you actually need right now? And how does your dream of the ‘forever house’ match what is happening in our society today which will in turn influence what is valued in the future.
Over the past few generations houses have become bigger and bigger yet families have become smaller and smaller. My grandmother was the eldest of 13 children including three sets of twins. She tells stories of there being thirty three children in three modest adjoining houses when she was little. We almost can’t imagine how that could have been possible. Since then we have used the size of our house as a measure of our success.
However, there has been a price we have paid – more than the actual dollars in the price of the house. This extra space has come at a cost.