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how much is a square meter?

One of the key numbers ("metrics") for measuring a house, the cost of a house, etc... is the number of square metres.  

I live with my family in a 120sqm house. This means: a large kitchen and two living spaces, two toilets, a bathroom, three small bedrooms and an office, and storage space under the staircase. Although the bedrooms are small, I'd say, on the whole, we have plenty of space.

Now, I recently was asked to visit an open home.  The house was close to a passive house, very well insulated.  It was a very informative visit and great to experience a dry, warm, and new house in New Zealand.  It is not often I set foot in such an abode.

While the house looked fairly normal from the outside, it soon became clear it was a rather large home. It turned out this was close to 400sqm house.  That is crazy.  That is ten New York apartments. Granted, this was a six person household (parents with four kids) but 400sqm?  Really? 

The question is, what do you gain by having such a big house?  Less garden to maintain?  Does it feel better? Do you loose weight because of all the extra steps that are required to get around? I tend to think that whatever size you live in, after a few weeks it starts to feel "normal" and while from then on, bigger that "that" may always seem better, it is all relative.  

From my perspective, it seems to make more sense to have a smaller house that is smarter and better quality than a bigger house.  Of course there is a size that is too small, but this size may be much smaller than we think.  Perhaps living on a small boat for a few days will help us find out just how small we can accommodate ourselves. 

The only exception would be storage space.  Not a warehouse size storage attic as this would allow me to hoard forever, but smart storage in lots of shapes and size, so that the living spaces can be easily de-cluttered.  For example, a big basket for hats, jackets and other wintry stuff that can be removed in summer - that sort of thing.