Bigger is better for most Americans when it comes to buying a home. But is that really? Initially and over the long haul, bigger homes cost a lot more. So when you buy a house in Boise you have to ask yourself how much space you really need. And you’ll need to answer the questions below to answer that question.
Is This a Forever Home or Just a Step?
Of course, no one can predict the future, but most of them at least have a vague idea of our plans for the future. So when you buy a house in Boise, the first question you need to ask is this, how long are you planning to live there?
If it won’t be your “forever” home and you’re only planning to live there for a couple of years, you might be able to get by with a lot less house–that’s just a “good enough” home. If you’re only planning to live in the house for four of five years, you probably don’t need much space. In the future, you can always upgrade.
What Are Your Priorities?
It also depends on your priorities how much space you need when buying a house in Boise. Planning to have more kids and do a lot of fun?
You also need to determine what’s more important to you – whether you own a big house or other things like traveling or more education. You really don’t want more square foot to sacrifice your important goals and priorities, do you? You will be able to work towards those other goals by buying a smaller house.
What Is Your Income Trajectory
What your income will look like in the future is a very important consideration in determining how much space you really need when buying a house in Boise. This will largely determine how much space you need by letting you know how much space you can afford.
If you’re young, for example, and you’re just beginning your career, your income is likely to increase over the years. And you probably need and can afford more space in this scenario. But what if you approach the end of your working life and are willing to live on Social Security and your pension fund. You are likely to be able to afford less space in that case. And are you really interested in spending most of your time and money on the maintenance and repairs that go with more space?
Do You Have a Good Agent?
The final question to ask is how much space you really need to buy a house in Boise : Do I have a qualified local real estate agent? A good agent can help you assess your needs and priorities and trajectory of income, as well as a house’s suitability, and then guide you accordingly.