benefits of owning a smaller home by inspiredbudget.com

When my husband and I were buying our first house, I thought that the bigger the house, the better the house!  We didn’t have a ton of money, so we bought a smaller home in our neighborhood, but that didn’t keep me from longing after floor plans of homes that were 2,500+ square feet.  I wanted that extra bonus room. I would have loved the extra office space. I was dying for a third bathroom. But then we moved in and I realized that I loved our “smaller home.”  (Of course, I still think our home is plenty big enough!)  As I grew to love our home, I realized that at times it seemed almost too big.  Especially on the weekend when it had to be cleaned!  

To be perfectly honest, I’d love to buy an even smaller home.  However, my husband also lives here and he absolutely does not want less space.  And they say that in marriage you have to compromise, so we are compromising by keeping the perfect-for-us amount of space that we have.  Regardless of my living situation, I fully believe that there are amazing benefits to owning a smaller home.  I know it might not be for everyone, but I bet you can’t argue that some of these benefits are worth losing the bonus room or office that you rarely use.

You have less to clean.

As someone who mostly cleans on the weekends, I love the idea of having fewer chores to deal with on my time off!  Sweeping and mopping are my nemeses, so less is more in my book!  Imagine if you could clean your house from top to bottom in 30 minutes.  Not to mention that you’d be saving money on cleaning products! When you have less to clean, you don’t buy products as often!




Smaller mortgage anyone?

Typically, the smaller home you buy, the smaller your mortgage will be.  This is the main reason why people all over the world are ditching the traditional home mortgage and building tiny houses!  Now I’m not recommending that you live in a 200 square feet tiny house, but wouldn’t it be nice to owe less to your mortgage company?  That means you have the potential to pay off your home sooner by having a 15-year mortgage instead of a 30-year mortgage!

Less house equals less furniture.

To be perfectly honest, for a person who is terribly indecisive when it comes to home decor and furniture, the thought of furnishing a massive home gives me anxiety!  So many lamps to choose from! So many sofas to buy! What if I buy something and hate it 3 months later? If you have a smaller home, these purchases are still very important, but you make fewer purchases altogether. I love that you can make quality purchases that will last longer.  Instead of feeling like you need to run to Ikea and buy the cheapest furniture to fill every room, you can spend money on what you want most.

benefits of owning a smaller home by inspiredbudget.com

And don’t forget about spending less on utilities!

When you have a smaller home, your electricity bill is going to be a lot less.  Period. You have fewer lights.  Less air conditioning. Less gas to heat your home.  This was a huge factor when it came to us buying a large home.  I knew that the electricity bill in the heat of summer would be outrageous if we owned a larger home!




Remodeling and decorating your home costs less.

Imagine you want to rip out that builder grade carpet and put in nice hardwood floors in your living area.  It’s going to cost less if your living area is larger. That’s just math! The larger your home, the more remodeling it and decorating it will cost.  If you have space on your walls and you want to fill it with frames, it’s going to cost more if your wall is larger. Plus, if you have a smaller home, you can focus on decorating it with pieces that you love and gather over time!

You get more time to do what you love.

I know that so many people just want more time in their life.  Time to spend with family. Time to work on their goals. Time to enjoy their life.  A smaller home means more time to do what you want to do with your life instead of dealing with your home.  So what is it that you would want to do if you had an extra 1 or 2 hours in each day?  Would you spend it with nature?  Reading a book?  Imagine the possibilities!

benefits of owning a smaller home by inspiredbudget.com

Financial freedom is a perk!

You can’t deny that buying a smaller home will help you reach financial freedom sooner!  With all your bills, expenses, and mortgage being less than if you had a large house, you cannot deny that you’d have more money to do what you want!  Of course, I would say to save the money or put it towards retirement.  But you could always use the savings to travel somewhere new each year!




Your family might just grow closer.

The smaller home you have, the more likely you are to grow closer with those that live under your roof.  Some people have two living rooms.  In that case, there is always the option to “escape” to another living space or your bedroom.  If you don’t have that escape option, you are forced to grow with your family and learn to live with each other.  There are more possibilities for conversations and time spent together.  And as your kids grow older, you might just appreciate that time together a little bit more.

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17 Comments on The Benefits Of Owning A Smaller Home

  1. Love this post! About a year ago we moved from a big house to small house (2000 sf smaller!), and we Love it! It also encourages us to live simpler, not buying as much stuff, because we really don’t have anywhere to put it. The time it saves me from cleaning is unbelievable. I never thought I would love living in a smaller house so much, especially with four kids!

  2. My husband and I downsized a few months after our son was born to get a cheaper mortgage that allowed me to quit my job. I have never missed the space, and actually love this smaller home more. And the time I’ve gained at home with our baby is priceless!

  3. This is just a fantastic post Allison – we love the idea of less time on “house things” and more on activity you want to do, like a smarter kind of minimalism! It’s also great to see the clever ways people come up with to maximise smaller spaces; this is especially important if they are communal/shared ones (family or other housemates)!

  4. When this whole “tiny house” movement started, I just couldn’t get on board. I always thought I wanted a big house. My husband and I live in a 3 bedroom townhouse. Although it feels too small for us, it really isn’t. It’s just laid out completely wrong for us. We do 99% of our “living” on the main floor and use the upstairs only to sleep, use the bathroom, and then for all the storage. Yes, we have 2 spare bedrooms that are basically just for “stuff” (that we probably don’t even need!). I hope that when it’s time to buy our first home (or even upgrade our rental), we can find something that’s not only smaller, but also that fits us better.

  5. We moved from a city apartment to a mountain cabin. The space feels huge, though by most standards 1800k sq. ft is average. I can’t imagine have even more to clean and furnish and really, my husband and I are usually in the same one or two rooms anyway! The extra space is mostly for guests.

  6. My coworker and I bought houses around the same time.

    Mine is a 1200 square foot 3/2 townhouse. His is a 3000 square foot 4/3 house on a big lot, with a pool.

    Not only was his house 2.5x the price of mine, but every Monday all I hear is complaints about how he spent his entire weekend futzing with the pool, or some other home maintenance or yard task.

    I much prefer my smaller, easier to maintain house! Plus I like having a much smaller mortgage too!

  7. I agree – smaller is better, in so many ways. We had the opportunity to travel to Canada recently and a couple of the places we stayed at were quite small – and we loved it. When we got home, I felt like our home was too big (and we live in a townhome!). There are so many pluses to living smaller, including financially, relationally, etc.

  8. Great post with great points about the benefits of owning smaller. My wife and I have resisted “keeping up with the joneses” by staying in our modest 1800 sq ft home for almost ten years and even with a growing family we have no plans to move. Sure – we sometimes wish we had a little bigger or newer this or that, but in the end we’d rather enjoy other things with the money we’d otherwise have to spend on a bigger place.

  9. I had considered the lower utilities and mortgage aspects but hadn’t considered the lower remodeling costs as well. It helps make the case for going smaller and catering more to your needs and wants with the savings, and since remodeling would cost less, that really opens the door for what’s achievable.

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