3 Reasons to Consider a Smaller Home

The U.S. real estate market is seeing a growing trend of super small houses. While you might not be ready to go below 600 square feet, here are three reasons why bigger is not always better:

1. Lower Payments: Fewer of your assets are tied up in your house, which lets you diversify financially. A smaller home usually means lower costs, even outside of the mortgage. Your taxes will also drop.
2. Energy Costs: It costs less to heat, light, and run a small home than it does to heat a big one. Smaller houses may also be easier to sell in the future, as energy costs continue to rise.
3. Cleaning, Maintenance, and Improvement Projects: These are all less expensive and less time-consuming in a small house. Imagine repainting a kitchen that’s 200 square feet kitchen versus a kitchen that’s 70 square feet.

On the other hand, you may decide you need a bigger house. Getting married, having children, taking care of older relatives and even adopting pets can make your small house seem cramped. A larger house can mean more room inside or outside -- Wedding Bee found that most people prefer to have a yard.