The Benefits of Buying a Small Home | LowerMyBills

Bigger isn’t always better. Larger homes may seem glamorous, but they’re also more expensive to purchase and maintain. Whether you’re a first-time homebuyer or an empty nester looking to downsize, buying a smaller home can come with financial perks.

How small is a small home? For context, the median size of a home built in 2020 was 2,261 square feet.[1]Tiny homes, which are being considered by an increasing number of homeowners, are typically 400 square feet or less. Somewhere in the middle is a small home, which could be right for you if a tiny home isn’t enough space and a median-sized home is too big or too expensive.

Here are the top money-related reasons to consider purchasing a smaller home.

[blues]

Thanks. I just need a place for me, my music, my motorcycle and my dog.

[creativeblackgirlstorytelling]

I need a home for just myself my two kids and my books