Pros And Cons Of Buying A 2-Bedroom Home

Posted on: 11 October 2019

For many people, shopping for a three-bedroom home is the standard, go-to option — even if you're single or a couple with no kids who technically only need one bedroom to sleep in. However, there are a few two-bedroom homes on the market, and this floor plan may actually work well for you if you're on the hunt for a smaller home. Consider these pros and cons of buying a home with only two bedrooms.

Pro: The home will probably be cheaper.

Not only are two-bedroom homes typically smaller, which means the price is lower, but they are also less in-demand. Fewer people are actually interested in buying a two-bedroom home, which means the owners have to set the price lower in order to attract a buyer. This can work to your advantage and save you tens of thousands of dollars if you're one of those few who can live with two bedrooms!

Pro: There won't be as much competition.

In such a competitive real estate market, sometimes a house gets multiple bids within the first 24 hours, and you worry whether or not the sellers are going to accept your offer. You might get disheartened after making multiple offers on multiple homes, only to be outbid. Since there is less interest in most two-bedroom homes, there won't be as much competition. You won't feel as rushed and pressured when you make an offer.

Pro: You'll have less to furnish and maintain.

If you were to buy a three-bedroom home, even though you don't really need another bedroom, that would just be more space for you to maintain. You'd have to buy furniture, clean the space, and so forth. With a two-bedroom, you can set the second bedroom up as an office or a guest bedroom — perhaps both — and actually use that space. There's no other extra space to sit empty.

Con: You won't have much room to expand.

If you buy a two-bedroom home and have a child, then you won't have room for a guest bedroom or office anymore. You really can't have more than one child in a two-bedroom home unless they share a room. So, if you are thinking of expanding your family within the next few years, you may actually need three bedrooms.

Con: You may have a harder time selling.

One day you will want to move on from your two-bedroom home. At that point, you may struggle to find a buyer, since two-bedrooms are not in such high demand. 

To learn more, contact a company like Big Red Team: Keller Williams Realty today. 

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