Bigger May Or May Not Be Better

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 Bigger May Or May Not Be Better In Real Estate

 Is it better to purchase a smaller house in an exclusive neighborhood or a larger home in a less desirable area? Is there a correct answer?

Well, it depends. Some only want a specific community and are comfortable with that smaller home in what they perceive as the "better" neighborhood.

Others with sizable families and special needs, priced out of their desired neighborhoods, need to find the most affordable house in the most suitable area.

From my experience selling unique properties, I find that some want that unusual, exciting home, and location is not the first priority-it is the actual house that is important. After all, they are living inside the house. And when they find that architectural gem, they go for it.

One of my buyers wants the biggest affordable home that money will buy. Size is her only criteria, not style or amenities.

When asked for advice like this: Do I buy a small home in an exclusive area? Or do I buy a larger, more affordable home in another zip code?

big house small house homerome

My standard answer: It depends. 

Who is asking the question? How well do you know your buyers? 

And how would you respond?

Thinking about buying the right home

Call Margaret Rome

Margaret Rome

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


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Comments (18)

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

For sure...a crew of maids for one and one of those robotic vacuum cleaners for the other.Plus a lot more toilets to clean..... Jeff 😎

Jan 15, 2022 09:35 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Always look for what interests you first and then go from there, :) Love and ligh

Jan 15, 2022 11:54 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. One mans junk is another man’s treasure. Questions determine how to proceed. Enjoy your day 

Jan 16, 2022 03:49 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

This is a great topic to cover, Margaret.  It really does depend.  Currently, I live in one of the smaller homes in my community.  I love my home but wish it had a larger kitchen.  However, it's only an issue when my family comes home for a visit.  Other than that, it's great for me and my two felines!

Jan 16, 2022 04:06 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Jan 16, 2022 04:06 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Margaret - it certainly does depend on what the needs are.  If there are children involved schools play a big role.

Jan 16, 2022 04:38 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Everyone has different wants and needs so it really depends on what they want most.  When I bought my house I chose a smaller home in a better location and I don't regret it at all.

Jan 16, 2022 04:40 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Good morning! You are absolutely correct. It always depends on that specific buyer's desires.

 

Jan 16, 2022 05:16 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Margaret - questions are great conversation-starters.  And the likely "it depends" answer can lead to continued conversation and sometimes even the right real estate connection.  

Jan 16, 2022 05:19 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

So true, the bigger, the more work.  Have a wonderful Sunday. Rest up and be ready for a knock-out-of-the-park work week starting tomorrow.  bill 

Jan 16, 2022 05:53 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Margaret.
I've discovered the answer to many questions is: "It depends."  Everyone has unique wants and needs.   I also discovered that sometimes buyers don't even know what they want until they see it. Listening is an important skill when working with clients.

Jan 16, 2022 06:22 AM
Jon Quist
REALTY EXECUTIVES ARIZONA TERRITORY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Excellent topic. With the market pricing becoming out of control, many buyers are having to go smaller than originally desired, just to be able to afford a home. 

Jan 16, 2022 08:27 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Margaret, now that would be to big for just me and my wife but some people would want something that big.

 

Jan 16, 2022 08:55 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

It will always be about what the client wants and if they ask they can get our opinion of the purchase if we dare to bust their bubble

Jan 16, 2022 09:08 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Hello Margaret Rome Baltimore 410-530-2400 

The answer will always depend on the buyer's wants, needs, desires, and affordability. And of course, only the buyer can determine what "better" and "desirable" mean to them. Desirable to one may not be desirable to someone else.  

Jan 16, 2022 11:17 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Margaret there was a point in my life that bigger was better, but I have reached the point that smaller is preferred to bigger.  Live changes and so do our needs.

Jan 16, 2022 02:39 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We are among those who need to downsize. Getting rid of the surplus stuff and finding the right replacement is a challenge.

Jan 17, 2022 06:38 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I agree Margaret. There was a time when more people felt bigger was better. Now people care more about location and the house itself.

Jan 19, 2022 04:39 AM