- In 2005, 9% of new homes were 1,400 square feet or smaller.
- In 2015, 4% of new homes sold were 1,400 square feet or smaller.
- In 2005, 7% of new home sales were for houses 4,000 square feet and up.
- In 2015, 11% of new home sales were for houses 4,000 square feet and up.
For years, developers had been building larger houses, as wealthier buyers who wanted grander homes were the only people who would qualify under tougher mortgage standards. Recently, lot availability has declined and become more expensive, causing builder profit margins to become tighter, so builders have more of an incentive to build large homes that will sell for a higher price. Distressed sales rates are still over double what they were in the year 2000, many featuring medium to smaller-sized homes— giving developers even less of an incentive to build small homes. However, this doesn’t speak to the rate at which modest houses are being purchased. Odds are, those who aren’t buying brand new homes are taking advantage of the availability of more affordable, smaller ones.
After World War II, financial struggles gave birth to the modern midcentury homes that so many people know and love; a style returning to the tiny house movement and newer postmodern styles. The beauty of some of these great homes is what can be done to fully take advantage of the space by combining midcentury storage design and visuals with fresher ideas. One great style to turn to is the open floor plan, which should be executed thoughtfully; it’s important to consider the level of privacy needed for each space of the home, be it bedrooms, bathrooms, home offices, etc.
Playing with blurred layering and zone separation are important concepts to consider when remodeling a smaller space in order to keep your open area from feeling stale. Features like floor level, islands, furniture placement, and lighting can have a major impact on the feeling of space within a home. Utilize natural light and highlight areas of importance with a skylight or angled light. Allow the different areas of your home to be viewed from multiple angles by occasionally blurring the boundaries between two— like the kitchen and the dining area. Selecting the right furniture will also make a major difference in creating a great sense of space, like layering different heights to break up uniformity, as will utilizing smart storage practices.
For houses of any size and budget, contact the Mistretta Group today!
Jeff Mistretta
631-484-0133
LongIslandAreaRealtor@gmail.com
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