A very good friend of mine, an affluent single man, just bought a new 3,600 square foot home with five (or maybe six?) bedrooms. I won’t mention the price, except to say that it’s in the San Francisco Bay Area. ‘Nuff said.
My friend has a business that he runs from a home office. There’s one bedroom. He is an avid fitness enthusiast, so his Peloton and other equipment occupy another.
When my wife and I were waiting to close escrow on our new home, he kindly offered a place for us to stay for as long as we needed—it turned out to be three weeks that we enjoyed his hospitality and generosity.
He loves entertaining. When people come from more than a half-hour away, he insists that they stay over.
None of this requires such a large home with so many bedrooms. But my friend is very happy with the amount of space and the ability to host people overnight or longer.
There is a brisk market for homes with three bedrooms or more. If he had any inclination to sell (he doesn’t), he would find many families eager to buy it.
My wife and I are empty nesters and recently bought a three-bedroom home in the Sierra Foothills. One bedroom is my office, while another is home to our fancy new treadmill and available for overnight guests.
The only downside to having a somewhat large house is that it takes more effort to maintain it. My friend pays a cleaning crew to clean his large home every week. For him, it is worth it. We have someone go through our home twice a month. It’s part of the planned expense of living in the homes we have chosen for both of us.
Bottom line for me: it’s worth buying a home where you feel comfortable and happy regardless of its size.