I am looking to buy a refurbished iMac 27", can anyone tell me any defects or reasons not to?

I am looking to buy an iMac 27" from the refurbished section on the apple webstore due to the considerable amount of money to be saved. Can anyone tell me reasons that I shouldn't or differences I will notice or is it perfectly fine?
Thanks
(Sorry if this post is in the wrong section)

Would you recommend I get a
27" refurbished iMac (specs below) $1,529.00 or a
21.5" regular iMac (specs below) $1,299.00
Refurbished 27-inch iMac 3.2GHz quad-core Intel Core i5
Originally released September 2013
27-inch (diagonal) LED-backlit display with IPS technology; 2560-by-1440 resolution
8GB memory
1TB hard drive
NVIDIA GeForce GT 755M graphics processor with 1GB of GDDR5 memory
Built-in FaceTime HD camera
21.5-inch: 2.7GHz
Specifications
2.7GHz quad-core Intel Core i5
Turbo Boost up to 3.2GHz
8GB (two 4GB) memory
1TB hard drive1
Intel Iris Pro graphics
Thanks

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I am looking to buy a refurbished iMac 27", can anyone tell me any defects or reasons not to?

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