You might be surprised to learn that finding a home that’s right for you can be tricky.
That’s because there’s no set rule for how much you should rent and buy, but it’s always best to have a budget and some flexibility in your spending.
The key is to find a home where you can live, work and play without spending a fortune.
Here are some things to consider when deciding what type of home you should buy:What kind of property?
If you’re looking for a property with a lot of square footage, rent or buy a larger property, said Peter Noyes, a real estate agent in San Diego, California.
“The most important thing is to get a property that is affordable and close to the city,” he said.
“If you don’t have a big enough lot to live in, it’s not going to be worth the price.
If you want to buy a smaller lot that’s going to provide more space for kids, the backyard is where it’s at.”
If you’re a first-time buyer, Noys recommends a house with a balcony, or even a walk-in shed.
A larger property might be a good choice for someone with children who might need more space, he said, but if you’re just looking for something with a bigger yard or a yard with a porch, it might be better to stay away.
You don’t want to rent a home with a high entry price because the tenant is likely to stay, he added.
What kind is it?
If a property you’re considering has a lot more than 100 square feet, the answer is generally “more square footage.”
But it’s important to keep in mind that a home is usually a combination of multiple rooms, according to Noyis.
For example, if you have a two-story home with an open living area, it can be a more spacious home than if you had a single-story house with open living areas.
“A smaller home is not necessarily a better house,” he added, so it’s worth considering other factors when considering which property is right for your needs.
How many bedrooms?
For a large property, it pays to have multiple bedrooms, especially if you want a home you can call your own.
The more bedrooms you have, the better your home will feel, said John Schofield, a senior vice president at Real Estate Savvy in Arlington, Virginia.
“You want to have lots of bedrooms that are separate and not grouped together,” he told CNN.
The extra space is often a big plus for younger families who might not have room to grow their own veggies or buy food at the store.
If the home is large enough, you can get additional bedrooms with the help of a big yard.
The number of bedrooms can be based on the size of the property and how much space is available.
“You need more bedrooms for a house that is going to take up a lot,” said Schofave.
If there’s more space available, the more bedrooms will help the house feel bigger and more spacious.
“When you look at your house, you want it to feel like it’s got a lot going on inside it, so you need more room,” he explained.
What kind of garage is it going to have?
There are a lot different kinds of garages.
Some people are more likely to rent out a garage or install their own garage.
Others may just want a garage in their garage or use the space in their house for other uses, such as an outdoor dining area.
“Garage use can be great for people who have kids or who have smaller homes,” Noyess said.
If your garage is located on a smaller plot of land, then it will be better if you can have it built as a separate structure, said Noyas.
If a garage is a separate building, it may not be needed for your family’s purposes.
“It will be more expensive to have the house converted into a garage,” he noted.
The more storage space you have the better, according Schofolds, because you’ll have less room to move around and store things.
“Your garage will be your home,” he continued.
“All of your storage is going into it.”
Are there exterior features that you want?
If your home is in a city and you want extra security, you’ll want to consider a larger garage.
“Gazebos are an excellent addition to your property,” Schofries said.
A lot of people who own homes have garage entrances, so the more space you get, the bigger you’ll need for your kids, he explained, adding that you’ll be able to have extra bedrooms and a larger yard.
“That’s a good thing,” Schohs added.
“There are certain areas where it is better to have space to build a garage.”