For the first time in 15 years, the median square footage of new homes shrunk this year. According to the U.S. Census Bureau, homes built in the first three months of this year were 7 percent smaller than in the same period last year. Could this be a sign that America's affinity for McMansions is on the decline? Perhaps due to a desire to be more eco-friendly and reduce carbon footprints, or simply because the recession is causing homeowners to cut costs, this trend could result in a shift in attitude of quality over quantity. This means more homeowners may find themselves making better use of the space that they do have, such as converting basements into entertainment rooms and attics into home offices. Smaller homes also have lower energy costs and are selling quicker in the current housing market. Is a smaller home the right fit for you? Here are some things to look for if you are in the market for a smaller home:
- A flexible, open floor plan--combining the kitchen, living room, and family room into one great room is a growing trend.
- Lots of windows will boost your mood and make the house feel bigger.
- High ceilings--adding just an extra foot will make a standard 8-foot ceiling feel taller.
- Outdoor living space--making use of patios, porches, and other exterior spaces will give you more room to gather or escape.
- Smart storage--clutter looks worse in smaller homes, so be sure to have clever built-ins and other ways of organizing and hiding your stuff.
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