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Most of my time on active duty the prevailing theme I heard was "Buy the biggest house you can afford. Time in service/promotions will ease you into the payment over time". Since founding MBO, I have changed my tune a bit. I feel that buying as small as possible gives you a larger population of renters should you decide to hold on to it. My thoughts are little more complicated than that, but that is the jist of it. This is a current discussion between my wife and I, What do you think?
Posted >1 y ago
Responses: 2
I know this is an old post - but I concur with LtCol David Gran for several reasons, some of which you stated sir. The next home I buy will be "small" by American standards, but I've come to learn that I don't necessarily need a ton of space or items to be content in life. I own a 2500 sqft home in the Savannah area and now I live in a 1000 sqft apartment while i'm finishing out my broadening assignment. I purposely downsized during this PCS due to my recent revelation of not needing a large home to be happy. I also find that having a small dwelling, with the minimum essentials, tends to lead to more free time and in a way, forces you to be out and about more often.
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Yes, I've had experience with both. When I was on active duty, I initially bought a larger home thinking about future promotions and pay raises. While it did appreciate in value, the maintenance and utility costs were higher than anticipated. After some time, I shifted to investing in smaller properties. I found them much easier to manage and rent out. The demand for smaller rentals was consistently high, and I could keep the properties occupied without much hassle. Additionally, smaller homes allowed me to diversify my investment portfolio more easily. I could buy multiple smaller properties instead of tying up all my resources in one large home. For example, consider the versatility and practicality of building materials like metall https://metall-decke.de/kassettendecke, which can be used efficiently in smaller homes to create stylish and functional living spaces. This approach provided me with steady rental income and less financial strain. So, while larger homes have their merits, I’ve found that smaller properties offer greater flexibility and lower risks, especially for someone with a busy lifestyle like ours.
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