When less is (worth) more

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Q: This may be more of an observation than a question. We just got into contract to buy a home. There was a very wide variety of homes in our price range. We saw some that were twice as big, with great views, but in an older neighborhood farther away for our work commute compared to the place we ended up liking. We saw places that were obviously too small, too. The place we ended up with just felt really good to us -- it was in move-in condition, had very favorable termite and other inspection reports on file, and was located in a place where we feel like we can get to parks and walk to coffee shops and the market. We have an infant, and might want one more child, so we bought a place that has enough room for the family we see for ourselves in the future. Many people we know thought we were crazy for not buying a much bigger house on the hill, but we did what we felt was right. What's your take on whether it makes sense to buy as big a house as possible, for resale value...