How do you see the home of your dreams? Is it very big, spacious, with a huge garden, a bathroom and a TV in each room, rooms reserved for your guests, six meters high ceiling, a room for your home-cinema, … ? If you dream of a house to impress your friends, you may deplete in every sense. For more buying involves costs that you do not expect. Some examples that might change your opinion on the big house:
1. The cost of your credit. The more you buy, the more the cost of your loan will be high in general. And who says high cost of credit, means you have more interest payments. On the one hand you will be less rich, since your house you will coûtée more expensive to repay. On the other hand you will have less money to save and to go on vacation.
2. Development costs and repairs. If you establishment offers larger rooms and rooms that do not serve you or not often, you still have to decorate them. You also need to fix what does not work.
3. Recurrent costs. Whether it’s your tax home or your heating and cooling, plus you have a large area, the more you will have recurring costs high. In order to have more housing, you may need to get away from your work, downtown, friends, which will also mean transportation costs higher.
4. The cost of your time. With a big house, you always have something to clean, you do it directly or follow the person to whom you outsource. Once finished, you must start over. It is also the case with your garden. The same goes for all your improvement projects. Plus you have bigger and more projects are frequent and take your time.
5. The cost of your relationships. More housing, the greater its occupants have space to isolate themselves and interact less. If you want a house where people share, are friendly and remain connected, you should not buy a house in which everyone can live their lives independently with its own bathroom, own TV, their own computer. .. If your home is a fortress in which you live hidden, self-sufficient, unless you interact with your neighbors also.
6. The cost to the environment. Too much space is wasted. You take more than you need on the environment, to build, equip, heat, cool, … You also pollute more. All this for a result, you saw in the previous paragraphs, which does not satisfy you.
Buy a home too high is as problematic as to buy a house too small. A big house is not a sign of success. Your home should be a place to live, comfortable, rather than a monument to impress others. The comfort has nothing to do with space. You can use some of the money you do not put in space, to make your home more comfortable.
Did you buy too big? Do you know of other costs associated with large houses? Do you have a large house that is a sign of success?