A bigger home will appeal to a limited audience on re-sale.
Appreciation may also be limited by the homes around you. For example, if you pay $500,000 for a home and your neighbors are valued at $300,000, your appreciation going forward may be negatively influenced.
Keep monthly expenses in mind, such as taxes, heating costs, and maintenance.
And like the best wisdom a good mother would impart, “don’t bite off more than you can chew”.
Buying a smaller home, one that fits to your real budget, or a home needing some work, may be more advantageous.
Call a great REALTOR® & get fair & honest guidance!
Rob Burton FRI REALTOR® (709) 682-2345
Fellow of the Real Estate Institute