When looking for a new home, whether buying or building, one of the most fundamental questions that needs to be answered is, what size home do we want? It's an interesting question and one that has probably been rephrased in the past several years from what size do we want, to, what size do we need? Interestingly....back in the 70's the average home was approximately 1500 square feet, today it is 2200 square feet. Conversely while our homes had been smaller, our families tended to be larger. The trend since has gone toward larger home, smaller family.  It looks like we are seeing an end to that larger home trend, the incubus of that end undoubtedly is the economy. So where does that leave you? You really need to carefully evaluate how you want to live, do you have children, do you need much storage, are you working from home, do you have time to clean and maintain a larger home, can you afford the property taxes and heating of a larger home?

There are many things to consider. Sit down with a Century 21 Colonial Realty Agent and let them help you with this decision.

Check out this week's PEI Real Estate Report video!:

Do you have more questions about this topic? Our REALTORS are here to help you. If you would like more info on this or other real estate topics go to www.5662121.com and join us on facebook where we discuss in more detail.