TBH right now a large house is not worth it. However housing will continue to be improved upon and if you buy a smaller house then better amenities get released for larger houses you will want to upgrade. By getting a large house now, you won't have to worry about saving up again. I'd go for whatever is truly attainable.

My favorite part of the house is that for a cheap tele you are steps away from everything you need. (MB, summoning bell, repairs, etc)