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Buying "Small" in Salt Lake
With all the plusses that come with more square footage, the smart buyer will look at the additional costs. Whether you are buying a home as an investment, or planning on living there a long time, there are many reasons some Buyers choose to buy "small" rather than buying "large" homes. Most Buyers who choose to buy small do so out of some necessity: The home is closer to work, their buying budget only gets them a small home, etc.
But some buyers who could buy big, still choose to buy small and their reasons are food for thought.
Some of the prevailing things I counsel buyers to consider are: Large homes generally have higher utility costs than smaller homes. (Although newer "greener" technology can make a newer home better in that regard than some older homes.) It costs a whole lot more to remodel 4-6,000 square feet than it costs to remodel 1000-2000 square feet. Some of the reasons I hear Buyers give for choosing to buy small: Less housework. The community/schools are nicer "I don't want to pay for space I won't need or use." Some older (smaller) homes have more charm than newer larger homes. The finish level ... more
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