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Yes. 6000 sqf here. Tired of expending my free time in things related to the house. Every week is something new. Of course you can outsource all that but it will easily add $2k in additional expenses per month. Planning to sell and move to an apartment once kids are gone
3 kids and we live there.
Coach
5,487 SF, 5BR/6.5BA… we don’t clean it, we have someone that comes to the house to do the bathrooms every other week… our au pair helps with most of the additional upkeep…
But I’ll tell you from client experience, when things start to break in large houses, you’re typically not walking away for less than $10K… which is why we bought new construction…
No regrets though… enough space for the four of us, plus our au pair, and when family comes there’s space (everyone is in the NYC metro) we’re in TX… just wish I had a bigger backyard, but it’s metro Dallas, what are you going to do…
Coach
It would cost me too much to risk a divorce… our prenup has a specific carve out for infidelity… 🤦 😂
My house growing up was 7000 sq ft and my mom HATED it. Even with cleaners coming every other week and 3 boys to help it was a nightmare to clean. My dad is a contractor and helped a lot with the maintenance but utility bills were killer.
No regrets, just that we pay $5k+ in cleaning expenses yearly
Wanted a play room for kids, a comfortable in-law suite on the first floor, big closets in the master bedroom, office space for 2 for 60% remote work, a basement to for bar (entertain friends in winter), extended family hangouts - do I really need all of this - not really;
Do I still wish I had more space (butler quarters, indoor swimming pool, etc.) the list goes on.
It’s a money pit once you have it.. so you have to be careful that you are not spending above its valuation.
We bought during COVID and got lucky with interest rates and valuation.
Always something to clean and more painfully, fix. But if you can afford to have people clean and fix a lot for you, go get it.
I have that with 4000/5/5. Not a big deal. I clean bathrooms weekly, roomba vacuums downstairs every other day, upstairs vacuumed occasionally. My house isn’t exceptional clean but it’s clean enough and we don’t spend that much time on it. We do pay for a gardener. At one time we had a cleaning service but they broke too much and we fired them.
4,300 square ft 6 br/6 bath here. It's a new construction so hopefully good on major maintenance for the next few years. Furnishing was expensive as hell and landscaping/outdoor maintenance is annoying. Energy bills are fine since it's a pretty efficient home and I'm getting solar. We get cleaning every other week and my wife is a neat freak anyway so we just try to keep the place clean with two kids.
As far as regrets I love the property and I like raising my kids in a big yard with lots of woods. I'll continue loving it as long as I can reasonably afford my mortgage payments and maintenance.
First world problems over here…
We have a house with those specs and with 4 kids it’s pretty comfortable. No complaints.
My best friend lived in a 7k sqft house growing up (I lived in a 2k sqft house by comparison). Her family was ALWAYS cleaning. They also were crazy unlucky because hail damaged their custom roof and they had a fire another time. The house was stunning, but seemed like a huge pain in the butt. I think ~2.5-3k is probably the sweet spot for my family, but layout can also make a huge difference.
5BR/5BA here, and yes, it's a lot. The AC bill is $1k - $2k/month, but it's mostly the cleaning and lightbulbs! It's like painting the Golden Gate Bridge... once you've finished the job, the other end is already a mess and the new light bulbs are burned out, haha. What makes it worth it; however, is I always have a place for friends and family to visit, which was my goal.
In 2017 I bought a 7500 square-foot house with seven bedrooms and 6 1/2 baths. I bought it because I was tired of tripping over my two dogs and two kids in my 2100 square foot house with four bedroom 2 1/2 baths. Both kids are out of the house now and I regret buying such a big house because of all the maintenance. It costs about $35,000 a year just to operate (taxes, insurance, utilities, yard crew, and housekeepers). That’s not counting any improvements or maintenance, which there is plenty!
We now use the kitchen, the family room and the bedroom. Probably 6000 f square feet are not used at all today. so yes, I regret it from that perspective. However, we’ll sell it in the next 12 months and expect to more than double our money. So I don’t regret it from that perspective.
It’s paid off so all of the proceeds get invested.