A smaller initial cost means less down payment, less points on your mortgage and a smaller monthly payment for your budget. If you can swing it, putting more than 20 percent down might even get you a better interest rate and will certainly exempt you from private mortgage insurance, saving you a substantial amount.
So long as it's properly constructed and insulated, a smaller home has less cubic footage to heat and cook, provided you don't build one with 14 foot ceilings! Smaller homes have fewer windows (energy leaks), fewer exterior doors (energy leaks) and smaller HVAC systems to run which will help save energy.
A Smaller Home is Expandable
So long as you plan for it (and sometimes even if you don't) a smaller home can be expanded. If you think your parents may move in with you or you plan on growing your family plan to build a smaller home with an addition in mind.
A Smaller Home Could Leave More Room for a Garden
If you build a 1,200 square foot home rather than a 2,800 square foot home, you'll have more space to grow vegetable and flowers!
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