Construction Cost
The size of your home will affect construction costs. For example, if your new home's intended size were 250m2 rather than 300m2, the smaller home would cost less to build, assuming the construction complexity and specification level remain the same.
The key to minimising home size and construction cost is to be smart about the spaces we create because wasted space is expensive. And, frankly, a waste!
Running Cost
You've paid to build your house, but now we need to pay to run it. Victorian homes are currently required to meet the minimum 6-star energy rating, and if you've chosen to exceed this requirement or incorporate additional energy efficiency measures, it will pay dividends here.
A bigger home will draw on more utilities and cost more to heat and cool mechanically.
Connection
Home size and design impact connection. This outcome isn't as widely acknowledged or considered as the first two points. I love Brene Brown's description of connection- "The energy that exists between people when they feel seen, heard and valued".
Most meaningful connection comes best from lots of small interactions. To do that consistently, we need to see, hear and value one another easily and frequently. Unfortunately, when our homes are too sprawling, our opportunity for easy connection is minimised. As a society, we have come to prioritise privacy and convenience in our homes, but in doing so, we have compromised connection.
Now we know three great reasons to create a smaller home; here are my top three tips on reducing the size of your new home without reducing enjoyment or livability.
Happy smaller home creating. It's a win-win-win. Cheaper to build, cheaper to run and better connection with your family. Boom!