While it may be nice to have a home with five bedrooms, an eat-in kitchen, and a four-car garage, how many of us really need this much space? The best approach is to look at a few particular aspects of your life and lifestyle to make the right choice.

• What Is The Size Of Your Family And Will It Grow In The Near Future?

If you are a newly married couple who plan on having children, purchasing a family home with ample room to grow may be the right choice for you. Childless couples, retired couples, or singles may want to rethink the large home and opt for something a little more size appropriate.

• Do You Need Office Space Or Like To Entertain?

If you use your home primarily to meet your daily needs, such as a place to sleep, eat, and relax, you may want to consider a home with a large den or office space and a formal dining room.

• Do You Plan To Stay In Your Home Long-Term?

If you are just entering the housing market and plan to live in several houses or in several locations throughout your life, you really don't need your dream home the first time around. Buying a property that suits your lifestyle for the period of time you will live in it is your best strategy.

These are just a few considerations you should take into account when finding the right sized home for you and your family. Having a clear picture of the type of house you need will make the task a little easier, and keep your finances in check!