The economy and current real-estate market has changed the way many people view buying a home. McMansions are being sold for rock-bottom prices, but should you even consider buying one? The average size of new homes has dropped, according to the National Association of Home Builders. In the 1950’s the average size was 983 square feet. The average home was about 2,340 square feet by 2004, and today people prefer small.
Homes under 900 square feet have benefits:
1) With a half an acre of property, expansion is a possibility.
2) There are smaller rooms to heat or cool, so monthly utility bills cost less.
3) You owners will spend less on maintenance like painting, landscaping, roofing, etc.
4) Smaller homeowners will save money on property taxes.
Inside the home, you will also save time on housecleaning, and indoor maintenance. Plus, living in a smaller home forces you to make choices about what you keep and what you donate, sell or give away.
There is definitely a resurgence of interest in the small home among the younger families in the U.S. — a new generation of people living in more environmental, ecologically responsible, cost efficient and affordable small homes.
