Ignite FB Tracking PixelWhy Bigger Homes Aren't Always Better - Karen Londos

Why Bigger Homes Aren't Always Better

by Karen Londos 10/22/2018

Most Americans dream of owning their own home. The size of that pictured house is often spacious. As the housing market gets tighter, the prices of homes go up. The bigger the home you wish to buy, the larger the price tag. Keep in mind that the bigger the house you buy is, the more everything else will cost. That means you have to look deep into your budget and far beyond the list price of a home to understand what you have to work with financially. Some things that a more prominent home might bring are:


Higher utility bills due to more space that you have to heat and cool

Increased property tax

Higher insurance premiums

More expensive repairs

More expensive renovations

Bigger yard to landscape


These are all additional costs that you should consider before you take the plunge to buy a larger home. The longer you live in the house, the more these expenses can add up. Many things like flooring, carpet, concrete, and roofing materials are priced by the square foot. While living large can be a great decision, the additional expenses can really add up.  


If You Have Kids, Reconsider


Raising children is expensive. While you may want your child to have a large room and a lot of amenities right inside their home, there are so many other things that kids need. Consider your child’s hobbies. How much of your budget do you devote to those? Do your kids hope to attend college? How much extra money in your budget do you have for vacations and other activities that you may want to do as a family? Buying a bigger house could mean that you have less money in your budget for these things. Understand all the ways that you need to stretch your money before you have your eyes set on a larger home. 


Consider The Rest Of Your Needs


A more massive home means a more substantial monthly mortgage payment. That leaves less for you to save for things like retirement, rainy day funds, and other financial goals. Don’t let the fact that you have your eyes set on a big house shadow the rest of your life and your needs. A large part of buying a home is planning ahead. It will be a smart decision all around for you and your family to buy a home that’s affordable.            


Buying a larger home fulfills a dream for many homebuyers, but don’t let that idea become a singular goal.       


About the Author

Author
Karen Londos

My goal is to make each individual have a positive experience and feel my genuine desire to assist them in finding the perfect home! Each person is as important as the next to me and whether they are looking for a temporary rental or a forever home, I am going to give them 100%!

A little about me. I was born in Pittsburgh, Pennsylvania and relocated to South Florida where I graduated in the top of my High School class and attended college on a full academic scholarship, studying Engineering and Mathematical Sciences. I worked my way through college and realized I was less interested in the technicalities of Engineering and more intrigued with the internal infrastructure of businesses. 

So I shifted gears and began focusing my efforts on learning all the parts to a business and what it takes for the business to run like a well-oiled machine. With a heavy background in financials and Human Resources I worked my way into upper management and then in 2007 established K-LO Enterprises, Inc, a Business Consulting Service specializing in gap analysis, documentation and processes. 

It is in this capacity that I joined RE/MAX Absolute Service Team in 2014 and began learning all there is to know about Real Estate. In 2017 I became licensed in Real Estate, representing the differently abled community of South Florida. 

I am deaf. I was born with a degenerative hearing loss and have relied on lip reading for the better part of my life. Navigating through the hearing world, I never shied away from a challenge, believing there is nothing I cannot do. 

I embrace each opportunity as an adventure. I have my own business and have established a non-profit and is a strong advocate for Canine Companions for Independence where I partner with my Hearing Dog Ninja. 

I am that my strong business background, integrity and desire to be of service to others would lead me. I embarked on a new career with RE/MAX Absolute Service Team, under the leadership of Broker Nicole Grammer.