Are McMansion's Loosing Their Appeal to the Masses?

 

LIVING SMALLER

Monday, February 14, 2011

  

Are McMansion's loosing there appeal to the masses?

Is the small cozy cottage with the white picket fence making a comeback?




It looks like home buyers are able to live in a smaller space and fix it up with all the bells and whistles. Many homeowners are paying attention to what buyers want and what the design shows are telling viewers; light, tranquil colors look best in smaller spaces. Homeowners are learning to work within their space to give it a modern appeal with a comfortable feel.

The average home sizes are declining. This may have to do with the current tax credit being offered, many first time home buyers are jumping into the marketplace. Someone purchasing their first home is most likely going to be buying one that is a modest price and size. Whether first time buyer, divorcee's, aging baby boomers, or just downsizing on size & mortgage payment; many are finding creative and beautiful ways of taking their smaller space to a whole new level.




LIVING BIG IN A SMALL HOME
 
'
Although the average square footage of a new house is still double what it was in 1960, in the last year, it decreased slightly to 2,215 square feet from a high of 2,277 square feet in 2008, according to data from the U.S. Census Bureau. While the decrease doesn’t approach mid-20th century levels, it is the first drop in house size since the recession of the early 1980s.' Read More.....





Article Source: Realtor Magazine
Issue: February 2010
By: Maggie Sieger


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