Over the past few decades, our idea of “sufficient living space” has changed significantly. While in the postwar period a family could often make do with a small apartment, today’s expectations for space and comfort are much higher. But how much living space does a family really need—and why?

If you suddenly find yourself with a five-figure sum—or even more—in equity as a result of an inheritance or a gift, you’ll be faced with the question of how to handle it. We’ll explain what you need to know.