Would you Rather Have More Space or Live in a Nicer Area?
Whether you are renting or buying a house, you often face similar dilemmas. One such dilemma comes when you are forced to choose between renting or buying a house that has plenty of space – both indoor and outdoor – versus one that may be in a better location. If you want to live in a really nice area, then this is likely going to cost you a lot more money and the thing that usually has to be sacrificed for you to remain within your budget is space. So which would you prefer to have? Would you rather have more space, or would you rather be better located?
Personally, for me, I’ve always preferred to live in a bit of a nicer area and sacrifice on space. Don’t get me wrong, I really couldn’t live in a box but I’d rather have a little less space than live in an area where I really don’t feel comfortable living. Of course, many people would argue that it is possible to find a happy medium, if you were only to look hard enough. While this may be true, it certainly does seem to be getting harder to do this – at least it is in the UK where I live – as house prices and rents continue to rise. The sheer demand for property in this country is meaning that more and more people have to make big decisions on what sacrifices they are willing to make.
What about sacrificing on lifestyle?
There’s another question we could ask here too which I feel is relevant to the argument, this being ‘what else would you be willing to sacrifice in order to get the property you want, in the area that you want?’ The best of both worlds as it were.
Would you be willing to sacrifice your holiday abroad each year in order to live your day to day life in a house that you’re happy with? Would you be willing to take on a second job to achieve the same thing, even if it meant that you weren’t actually spending all that much time at home as a result? There are many, many things that could possibly be sacrificed in order to live in a better house in a nicer area, but would you be willing to give them up? Or, would you rather just live in a smaller house or in a not so nice area if it meant that you could maintain a better overall lifestyle?
As we can see then, most of us have big decisions and choices to make when it comes to buying or renting a home and they are by no means easy decisions to make. I find it fascinating when I hear how different people can have such vastly different views as to what is most important to them when it comes to this subject.
So what is most important to you personally? Would you rather have more space or live in a nicer area? Or, would you prefer to have both of these perks and sacrifice on lifestyle instead?