The American Dream home means something different to each person. But, what motivates everyone is simple: to have a place where they can be happy with their loved ones and create priceless memories along the way.
According to Frandsen Bank & Trust, home ownership is part of the American Dream. However, the idea of a good enough home is a blurry topic even to those who are already searching.
To help you decide which type of home suits the new life you’re going to build, here's a list of what American Dream homes actually are.
If you’re not the kind looking to live in a mansion, your dream home is probably a mid-sized home. This type of home has a spacious backyard and cozy interiors with a laid-back atmosphere. It’s perfect for raising children because of its proximity to the school, market, and workplaces. A mid-sized home typically has the following specifications:
- 1,500-2,500 sq. ft.
- 1-2 stories
- 3-5 bedrooms
- 2-3 bathrooms
These types of home are for families looking for a quiet yet accessible residential area. Suburban homes can double as a mixed-use area. The interiors of a suburban home can range from having a traditional feel to a high-class build, depending on the real estate progression of the neighborhood. A suburban home has the following specifications:
- 525-2,800 sq. ft.
- 1-2 stories
- 2-4 bedrooms
- 1-2 bathrooms
You’ll commonly find modern homes in the heart of the metro. These are for families who need to be close to their workplaces. That’s why the upkeep for this kind of home setup is typically priced higher than the others. A modern home has the following specifications:
- 1,500-3,500 sq. ft.
- 2-5 stories
- 3-4 bedrooms
- 3-4 bathrooms
By knowing the specifications of your dream home, you’ll have a better idea of the financing option to get.