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Owning a home has long been a huge part of the American dream, but according to recent statistics, the size of that dream is shrinking. A recent survey revealed that a majority of home builders have started to, or are planning to build smaller houses than those constructed over the last 10 years.According to the latest statistics, the average size of a single-family home built in 2007 was nearly 2,700 square feet, while the same home constructed in the last 2-year period was significantly smaller, measuring just a bit over 2,400 square feet. Overall, the space savings came from more homes being built as single-story residences that had fewer bedrooms and restrooms. An increase in the number of seniors needing greater accessibility in their homes, and smaller family sizes are believed to be contributing factors to the decrease for construction by home builders.Experts cited several other major reasons for the shift in the size of homes being built; in particular, the economy. While a slight reduction in home size has occurred during past economic difficulties, the current emphasis on reducing home sizes is the sharpest decline yet, and is expected to continue even after economic improvement. The move towards smaller houses also coincides with an increase in first-time buyers who dont have the money to spend on a larger home with unnecessary rooms, as well as an increasing older population who are looking for less spacious, more affordable houses now that there are no longer children in the house. Other factors that have influenced home builders include the cost of purchasing a home, concern over rising utility bills, time and expense related to cleaning, upkeep and maintenance, and an increased interest in outdoor multi-functional areas such as cooking areas. In addition, the average size of building plots has also been declining in recent years , leading builders to think smaller.In lieu of the traditional larger home, families are now searching for smaller, well-built homes that offer conveniences such as built-in shelving and multi-purpose storage areas. They are also finding new ways to adapt the spaces already built into their homes for example, turning an extra bedroom into a home office area. These modestly-sized homes are being constructed with fewer luxuries like expensive countertops, fireplaces and lavish bathrooms, and are incorporating more energy-efficient and money-saving features for such necessities as heating and cooling the residence. Increased organization is also a bigger feature in the new scaled-down domiciles, with many plans being designed to make use of all the available space inside.
Home,Builders,and,the,Decreasi