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Why more square footage does not always mean more value

Eric uses a small, expensive city condo to challenge the idea that the largest home is automatically the best purchase. Value depends on the property and its market, not just its size.

By Eric Hamilton · Published October 6, 2026

Originally uploaded March 17, 2026 · 0:31 · Watch on YouTube

Written companion added October 6, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Look at comparable properties

A valuation considers local sales and property characteristics such as size, rooms and age. Comparing a suburban house with a city condominium by square footage alone leaves out major differences. Ask which recent sales are comparable and what adjustments help explain their prices.

Separate today’s value from future appreciation

An agent can help interpret buyer demand and recent transactions. That analysis cannot tell you exactly how the property will appreciate. Evaluate whether the layout, location and ownership costs fit your needs even if future price growth is lower than hoped.

Is price per square foot useless?

No. It can help compare similar homes in the same market, but it should support a broader evaluation rather than decide the purchase by itself.

Sources and scope

Published March 17, 2026. The New York example is illustrative; the clip does not identify a verified comparable sale.

  1. CFPB: Why did I receive different valuations? Accessed October 6, 2026
  2. FHFA: House Price Index frequently asked questions Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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Your next questions

How should I use a Homebot or online home value estimate?

Treat an online home value estimate as a starting point for questions. It is not a guaranteed sale price, a lender appraisal or approval to borrow. Combine it with a current loan balance and local professional input when planning a move, reviewing possible equity or deciding whether a more formal valuation is useful.

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Can a Chicago three flat make your own housing payment smaller?

Living in one unit and renting the others can offset a mortgage payment. The useful question is how much cash you would need after vacancy, repairs and the full cost of ownership.

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A low mortgage rate and a move: follow the sale proceeds

A low rate is valuable, but the decision to move also involves equity, other debts and the cost of the next home. Start by showing exactly where the sale money goes.

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Check the $250 payment reduction before calling it savings

The video's move-up example can illustrate monthly payment relief. It cannot establish total savings until you include property expenses, transaction costs and the balances that remain over time.

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