What is the size of your ideal home? Take my poll at the bottom of the post. Do you want to live in a 5 bedroom McMansion or one of the eco-friendly tiny homes? The average NEW home size took a dive recently due to the recession, but it was steadily increasing before that. Is a bigger home necessary or is it just another facet of lifestyle inflation?
Currently, we live in a 1,000 sq feet two bedroom condo. This was perfect when it was just two of us, but with the addition of baby RB40, it’s a little tight. We make it work and do not have any plans to move at this time. I’ve lived in small spaces for most of my life, so it’s not a big deal for me.
My Home History
I lived in Thailand until I was about 12 years old and my parents moved quite often. Here are some interesting places we lived in.
- Rental home in a rural area near Chiang Mai. I was too small to remember this, but it was a two bedroom wooden home. We slept in one room and my dad kept the chickens in the other bedroom. My dad had some kind of chicken business going at the time. At least, that’s what my mom told me. How many chickens can you keep in a bedroom? 🙂
- Wooden log home in a rural area. I think this was a bigger two bedroom home on a larger property. Dad moved on to raising pigs and needed more land. I hated going to the outhouse at night because it was so dark and scary.
- Dad had a Xerox business similar to Kinko’s and we lived in a room in the back. It must have been some kind of storage room because the ceiling was pretty low and we had to take a flight of stairs to get there. By this time, I had two brothers and all five of us slept in one room.
- When we moved to the US, we stayed at my aunt’s home and the five of us slept in one bedroom for about a year.
After that, we lived in various two bedrooms apartments until my senior year in high school. At that time, my parent’s Thai restaurant business enabled them to purchase a 3 bedroom home, but even then they rented out one of the bedrooms most of the time. So you can see, my living quarters when I was growing up wasn’t spacious. That’s probably why I don’t mind living in a 2 bedroom condo now.
Our condo is centrally located and we can walk or take public transportation to many places. Now that the weather is nicer, we have been going to various parks nearby and baby RB40 always has a ton of fun exploring. When he gets older, we can go to museums, libraries, theaters, and many other activities nearby. We love our location and Mrs. RB40 is done with moving. She had a much more rooted childhood than I did.
Perhaps my small living space in the past influenced my ideal home size because I don’t want to live in a McMansion at all. It would take so much time to clean and we would have to spend a ton of money to fill the place up with furniture and toys. Our small condo is full at this point and this probably helps us avoid buying unnecessary stuff.
We also spend a lot less in utilities, transportation, and entertainment in our location. I hated the $200+ heating bill we had to pay when we lived in a bigger home. The easiest way to reduce the energy bill is to move to a smaller place.
If money was no object, I would probably opt for an additional bedroom in the same location. So my ideal home size is about 1,500 sq feet, but I’m pretty happy with 1,000 sq feet. What about you? What’s your ideal home size? How does your current home compare to your childhood home?
Poll Closed – result below
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.