Bigger is not always better! Move over McMansions, more buyers are looking for smaller, sensible homes. While the economy may have swayed this trend, more and more homebuyers are preferring smaller spaces. Smaller homes force homeowners to use existing space better and focus instead on what they need.
According to the National Association of Home Builders (NAHB), to save on square footage, the living room is shrinking in size. Builders are merging the living room or formal sitting room with other spaces. The average new home of 2015 is likely to feature a great room comprised of the kitchen, foyer and living room; a walk-in closet in the master bedroom; a laundry room; ceiling fans; a master bedroom on the first floor in homes with two stories; and a two-car garage.
In addition to floor plan changes, 68 percent of builders surveyed say that homes in 2015 will also include more green features and technology, including low-E windows; engineered wood beams, joists or tresses; water-efficient features such as dual-flush toilets or low-flow faucets; and an Energy Star rating for the whole house. A new mood of frugality hasn’t affected demand for energy-efficient home improvements. According to the American Institute of Architects, insulation, solar panels, double- and triple-glazed windows, tankless water heaters, and geothermal heating and cooling systems have also grown in popularity.