Go big? Go small? Home buying decisions

I’ve been an off and on quiet reddit reader for a couple of years now and finally grew brave enough to make my first post. I asked for some advice on buying a house. Weston and I have been discussing back and forth about whether we go for the bigger home that’s more expensive, but older, or go for the smaller, less expensive homes that are brand new. The cost per square foot of those newer smaller homes is 10-30 dollars more than those older, larger homes. Our big question was this:

Which is more financially smart? To buy the smaller home now, live in it for 5 or 6 years then buy a bigger home, or buy the bigger home now, have a tighter budget for a few years, but not have to move again? Since neither of us have ever owned a home, we don’t really understand all the equity and other home stuff works. But reddit readers do!

Redditors who give financial advice all give basically the same advice: live frugally, don’t have debt. It’s great. They also almost all raised the same questions on what to think about for the house:

  1. Why are you buying a bigger house?
  2. What are your goals for your money?
  3. What are your goals for your life?
  4. Are you really going to be staying in the area for a long time?

All questions we’ve asked ourselves already and basically all questions I’ve written about before, too. But it was good to hear them again from other people.

We currently live in a 2 bedroom 2 bath apartment that’s a little over 1100 sqft. We pay at least 400 dollars a month less than a mortgage payment will be. Our budget is going to have to be worked over significantly.

We want to use our home for the glory of God. Whatever size. Whatever age. And we want our money to be that way as well. We want to give joyfully and freely. Of everything of ours really. Time, money, things. And I think that’s where we still land currently. At least, I think that’s where I’m landing. Finding a home (and I think God will lead us to the “right” home) where we can maximize giving of all things.


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