Everything is bigger when you buy a bigger house, especially bills. While you might expect to pay more for your mortgage, your extra costs don’t just stop there. Energy, water, council rates, insurance, maintenance, renovations and furnishing all come with a higher price tag when you upsize your living quarters.
Larger properties often need a lot more work to keep them in tip-top condition. That means more time out of your life spent cleaning, cutting the grass, painting rooms, and fixing all the various things that can, and often do, go wrong.