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Things to Consider Buying a Small Home

7 Reasons to Consider Buying a Small Home

Several factors make the Irvine housing market one of the most attractive in the United States, and one of them is the diversity of real estate awaiting buyers. Although Irvine is known to be a carefully planned city, it could hardly be characterized as a collection of cookie-cutter neighborhoods. Irvine offers houses both large and small, and some of the most attractive listings happen to be on the cozy side.

If you feel your current home features too much square footage for your lifestyle, you may want to consider moving into a smaller property. There are several reasons why purchasing a smaller house for sale in Irvine, CA, can be a real estate advantage.

1. Purchase Price

In 2017, inventories are getting tighter and buyers are interested in new construction opportunities. When it comes to pricing new properties, home builders tend to follow the principle of charging more for greater square footage. If you want to pay less for newly built homes, consider a smaller floor plan.

2. Living Expenses

For the most part, a smaller house results in a more affordable lifestyle in terms of maintenance, cleaning, utilities, and landscaping. Living small also means not having to spend too much on décor.

3. Resell Factor

Smaller homes are selling very fast these days. One explanation for this trend is that members of the Millennial generation who are thinking about starting families often consider smaller properties. Likewise, single professionals attracted to the Irvine job market are more likely to gravitate toward smaller houses.

4. Carbon Footprint

If you are concerned about environmental conservation in the 21st century, you are probably aware that bigger homes, unless occupied by large families, tend to have a greater carbon footprint in terms of construction, furnishings, and energy consumption.

5. Minimalism

An ongoing lifestyle trend in Japan combines the design aesthetics of the late Steve Jobs with teachings of Zen Buddhism. Minimalism is about living a happy life in a smaller dwelling with a minimum amount of belongings. A challenge of minimalism consists of transforming smaller homes into uplifting and comfortable living spaces.

6. Freedom

If you believe your family will benefit from spending more time exploring the neighborhood and community, you will be better off living in a small house. Part of the Japanese minimalism trend calls for being more active, visiting friends, getting to know neighbors, and enjoying attractions as a family. Smaller properties tend to encourage people to spend more time outside, which may be ideal for your family.

7. Easier Home Improvement Projects

Homeowners who enjoy interior decoration will find their projects are more affordable and easier to complete in smaller properties. For example, you could change the look of a bedroom every couple of months without breaking the bank. The same goes for painting, hanging new pictures, and changing curtains.

Another option for a smaller property is a condominium unit. In University Park Irvine, condos for sale are going fast for many of the reasons mentioned above. Get in touch with OC Residential to see the latest listings so you don’t miss out on your dream home. Call 714-454-6304 today to start your search.

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