What’s More Important: The Size Of The House Or Location
When it comes to buying a house, many people think that the size of the house is the most important factor. After all, who wouldn’t want a large home with plenty of space? However, in some cases, the house’s location may be more important than its size. Not sure what to decide? Choosing between the size of the house and the location of the house can be quite difficult. Sometimes you may get caught up in the size of the house, but it will not matter if you are too far away from your place of work or school.
This article will explore the importance of both factors and help you decide which one is more important for you.
The Size Of The House Would Be Important If
If You Are Planning To Start A Family
If you want to start a family and are looking for a house, then the size would matter because you will need more space to expand the family. For example, if you have three children and then decide to have a fourth child, the house would need to accommodate four people instead of three. You can read our blog on Top Cities to raise your Family to select best city for you.
If You Already Have A Big Family
If you already have a huge family, it may be hard to find a big enough house. Therefore, the size would matter here because everybody needs more space. If you are planning on having live-in help or if older family members are living with you, then the size will be important to consider.
If your parents are aging and cannot take care of themselves anymore, you will have to relocate them to your home. This means the size of the house will become important.
Space For House Guests
You will need a bigger space if you have people coming over to your place frequently, friends, family, etc. Having extra rooms and space for your family or friends to accommodate them will improve the quality of your life. So, in this case, the size of the house will matter.
If You Are Moving To Smaller Houses
If you are moving to smaller condominiums, the size of the house will be important. You will need to assess the space you have and how much storage you will need. If you plan to move into a smaller house, it does not matter as much where the house is located because you do not need as much space.
You may need to downsize because it will be too expensive to maintain a big house. You can still maintain your lifestyle in a small space, but it is not an easy task.
More Travel…Less Stay
If you are traveling for work more and not often home, it may not matter so much about the size of your house. It’s no point having a huge house if you aren’t using most of the space, right? It would be best if you were looking for smaller houses, and it saves a lot of money on the mortgage.
The Location Of The House Is Important If
Renting Out The Place
Location of the house will play a role if you are going to rent it out eventually because tenants would look for rental housing in locations that have access to other things like your daily super-market, schools, gyms, etc. If there are many amenities around, it will be easier to rent out the place. Therefore, the location matters.
For example, your children want to play at the park near your house every day, and you prefer them to stay home because of their safety. In this case, the location would matter because they need access to the park and not be too far away from it. Read our Article on Why Renting a House is better than Buying one.
If Your Job Is Flexible
You may not have to worry about the house’s location if you are working in a profession that has flexible hours. You don’t have to work traditional office jobs, where the hours are fixed. If you are an entrepreneur or someone with lots of freedom in their profession, then it does not matter as much where the house’s location is, as long as it is close to amenities.
You Have School-Age Children
It is important to choose the right location with good schools because this will affect your child’s education. Location matters the most if you have kids, especially for schooling and other activities they are interested in, like music classes or sports. So, even if a house is big enough, but does not have a good school nearby, then the size of the house would not matter as much.
Also See: Tips to find School for kids when Moving
You Plan To Sell Your Home Eventually
The house’s location is a crucial factor for determining the resale value of the property if you are planning to sell it. If your house is located in a great neighborhood with good amenities, the resale value will be higher because more people want to live there. So it would matter if you plan to sell your house in the future.
Location matters when you, later on, want to resell the home, and that changes things for sure!
You Need Access To Certain Amenities
If you need access to certain amenities for medical purposes or your job, then the location of the house matters. For example, if you plan to drive because it is close to work/school and has enough parking space, you do not have to worry about how big the place is.
However, if there are other ways that people get around, for example, public transport, then the house’s location would not matter as much if you do not plan on driving. You can also choose to live in places that are easily accessible to several modes of transport like railways and bus stops.
If you like having neighbors and a people person, you should consider looking for locations that have good neighborhoods and low crime rates. Choosing a location with a good community is crucial because this will affect your experience.
Depending on your perspective, if the house is near public transport, this can be a pro or a con. The location of the house matters if you use public transport because it will make things easier and save you time and money. A better location would have access to amenities, good support from neighbors, and safety from crime.
Also Read: Importance of Locality in Real Estate
Things To Consider When Purchasing A Home
There are many factors to consider when looking for a house to purchase, such as the size of the house and location. Depending on your circumstances, different factors will matter more than others. It would be best if you match your lifestyle with what you want from your home and whether it fits your budget.
For example, if you haven’t decided where you are going to live, it may not matter so much about the size of your house. It’s no point having a huge house if you aren’t using most of the space, right? It would help if you were looking for smaller houses, and it saves a lot of money on the mortgage.
However, if you are planning on moving in the future, the location would be more important, like if you are planning on eventually selling your house. The more amenities, the better, but keep in mind that location does not matter if you plan to rent it out or live there for a while before selling it.
Also See: Know the Worth of your House
What’s Better In The Long Run?
Finding the right house in the right location is a dream come true for most people; however, both these factors, size, and location are important. But location should be the first preference if you buy a house because you will have a whole package of housing, schools, and other amenities. If you are focusing on the size of the house, the chances are that they could be situated in locations far from access to other amenities. Also, you can always change the look of your house by remodeling.
The size of the house is not as important if you choose a great location. Location can affect your overall experience of living in that place, and it also plays an important role when you come to resell the house. So, make sure you consider both these factors before buying a place!
Location is the most important factor when purchasing a house. It would help if you were looking for houses in locations with amenities and safety from crime to better your experience, like close access to public transport or other modes of transportation. Both factors are equally important, so think about what will work best for you! The size of the house does not matter as much if you plan on renting it out or just living there temporarily before selling it. However, if you don’t mind staying farther away and prefer bigger houses, you should go ahead with the size of the house.
Does location affect property value?
Location is one of the most important factors when looking at the property. If you choose a location with access to amenities and close to public transport, it can increase your chances of selling it for more money. Read on our blog on Factors Affecting Value of House.
Does location affect sale price?
Yes, in most cases, the asking price is decided by an agent based on previous comps; however, the location of your house is what affects whether or not it will sell. With access to amenities and close to public transportation, a great location can increase your chances of selling it quickly for a higher price.
How much do the size and location affect resale value?
The size and location play an important role when you decide to resell it. The size of the house won’t affect the resale value that much if you are planning on staying in it for a while before selling it. However, with location, if you choose a great location, then chances are that your house will sell faster and for more money!
How much do the size and location affect a price?
Size is a more personal decision, depending on how big your family is and whether you want to go for a smaller or bigger house. Location can affect all this because it affects accessibility to amenities. If you decide on a great location, you could get buyers from further away because it is a great location. But if you want a bigger house, you should go for this factor over the house’s location.
Is size more important than location?
Size is not as important as the location because if you choose a bigger house without good access to amenities and safety from crime, you can always make changes, but it won’t be easy if the house is in a poor location.
Why is location so important?
Location is the most important factor when buying a house because it affects your quality of life in that place. Good access to public transportation proximity to schools and other amenities is important too! If you choose a great location, it can greatly affect your life for the better.
There are many schools, amenities, and safety services around, all of which you will have access to if you buy a house in a good location. This saves money on transportation costs in the long run!