It is does not take a genius to realize that buying and living in a small hour is a less expensive decision than to buy a large house or *gasp* a McMansion. It may not be as inexpensive as a tiny house but it is definitely more fiscally sound than buying a large home. The total closing price is lower. The monthly overhead is lower; both in the short term and the long term. Besides sheer size though there are a number of other ways living in a small home can save you money. There are ten that are paramount when considering what size house to buy:
LESS LAWN TO MAINTAIN. Unless your small house sits on a plot of land enviable by Charles Ingalls himself, most small homes come with equally yoked yards. In America that is around .5 acre or less. With that manageable size land there is less maintenance; less cutting, less raking, less landscaping, etc. When you run a lawnmower less you are having to worry less about purchasing gas and oil, less about sharpening the blades, and less about potential maintenance.
LESS SECRET STORAGE. Growing up we called it secret storage because every so often my dad would find something in some random place that my mom had tucked it because there was a little bit of storage. She would almost immediately remark on how long we’ve had that item and my dad would say something like, “Oh yeah. It was in the secret storage.” Living in a small home means less secret storage for things to disappear to. Therefore, the less stuff you bring in because all of it is staring at you. You can see how it fills your home which will oftentimes keep you from wanting to buy things to fill empty space.
LESS MONEY SPENT ON CLEANING. With fewer spaces to clean, a smaller house requires less in the Hazel department. Many times in a large house an owner will get discouraged or overwhelmed with the amount of housekeeping and upkeep and end up hiring a housekeeping service. That isn’t even to say how much can be spent – is spent – on housecleaning supplies. Cleaning a smaller home requires less supplies which means more money saved.
MORE HEALTHY HEALTHCARE. There are a lot of reasons that small homes may be healthier than large homes. They are easier to keep clean. It is more obvious when there’s a health-threatening problem in the home. People tend to want to get out of small homes rather than hang out in them so they become more active and this improves their health. Plus since small homes are cheaper they reduce financial stress and this can improve general well-being. A healthier person spends less on general medical bills.
BUY LESS. SPEND LESS. There is no real mystery here. Less space equals less buying (to presumably fill space). Less buying equals less spending.
MORE WAYS TO GO GREEN. In a small home there are considerably less overhead light fixtures as well as areas for lamps. Both options involve lightbulbs though and sometimes $4-$5 per bulb can be preventative. But with less bulbs to purchase it is much more economical (and far wiser, as studies have shown) to find ways like LED bulbs to green your small house. It is significantly less expensive in a small house to make water saving, energy saving, and money saving, a priority.
GAIN IMPORTANT LIFE SKILLS. Living in a small home – being the owner of a small home – helps improve perhaps the #1 life skill: decision-making. You will inevitably have to make thoughtful and wise choices about what you own, how you arrange it, and where you store it. Beyond even that though, living in a small home will help improve communication skills. In a small space you can’t just walk away. You have to communicate. You have to co-exist.
Do you want to live in a smaller home? Do you live in one now? What are some things you have learned in a small home? Share in the comment section below.