Chicago, IL (PRWEB) August 03, 2014
Many first-time home buyers are trading up from cramped apartments and looking forward to the additional space they get when purchasing a house.
Even among some buyers who are looking into their second home, bigger tends to be seen as better. The desire to get more space is understandable, as there is extra room for storage and additional square footage for an expanding family. However, The Federal Savings Bank suggests that there are some benefits to opting for a smaller property, such as:
The home buying process is expensive, and most consumers are looking for any means to cut costs before and after the transaction are closed. Smaller properties allow owners to trim their expenses in various ways:
Many buyers are straying away from properties that demand a lot of maintenance. With a larger house, this may not be an easy goal to accomplish. Every additional square foot is another space to clean and repair at some point. On a day off from work, spending several hours cleaning up and fixing problems is likely not ideal.
Smaller properties require less time for a thorough once-over. This also mean that decorating the new home can be less of a hassle, as there are fewer rooms to paint and furnish.
For information about first-time home buyer programs that can assist you with a compact home purchase, contact The Federal Savings Bank, a veteran owned bank.