As first-time Millennials prepare to invest in their first home we see the average size of new homes decreased in 2016 and a willingness to choose amenities over square footage. According to the National Association of Home Builders (NAHB), the typical square footage of new home in 2016 was 2,634 square feet.
So what amenities are important to the new wave of home buyers? Recent studies show that features like a separate laundry room, patios, and a full bathroom on the main level are at the tops of the wish list.
Home owners looking to build a new house continue to be drawn to the feelings of spaciousness, easy flow and welcoming togetherness evoked by an open floor plan.
Pioneered in the early 20th century, open floor plans remain popular today, according to a recent survey from the National Association of Home Builders. The survey found that 70 percent of buyers want a kitchen-family room area that is either completely or partially open, with 32 percent wanting it completely open.
And owners of existing homes are choosing to open things up, too. Remodelers reported that 40 percent of their projects involve opening existing homes’ main floors by removing interior walls entirely or by using countertops, cut-throughs or archways, rather than full walls, to define separate areas in a more open way.
Main floors with few or no interior walls between areas for cooking, eating, relaxing and entertaining allow cooks to chat with family members or guests, provide easy flow for entertaining and enable parents to keep an eye on children from different areas.
Open floor plans not only maximize space and flow, they optimize natural light. Windows serve more than their immediate area, illuminating the entire space. Architectural styles that are the most popular are Ranch open floor plans and Craftsman floor plans. These styles are usually smaller and appeal to empty-nesters and millennials.
With the increasing focus on accessible design, open floor plans meet another of today’s needs— with fewer doorways, they are easier to navigate in a wheelchair or with a stroller.
After increasing dramatically during the Great Recession, the formation of multigenerational households shows no signs of slowing down. In fact, a record 60.6 million people lived in multigenerational homes in 2014, according to Pew Institute analysis of census data. The Pew research center is a nonpartisan fact tank that informs the public about issues and attitudes trends shaping American and the world.
This means that nearly 20 percent of the U.S. population lives in households consisting of two or more adult generations. There are many reasons for this trend, reflecting both economic realities and cultural preferences.
The recession caused many adult children to return home after college, either because they weren’t able to get jobs that would cover rent, or they wanted to save up to buy homes of their own. Significantly, living with parents was the most popular housing option for adults ages 18 to 34 in 2014, according to the Pew Institute. In-law Suite home plans offers separate living spaces for adults. Archival Designs offers stock home plans, for example, the Pepperwood Place and the Tilly which accommodate adult privacy.
For many ethnic and immigrant groups, multiple generations of a family living together is a common cultural custom. The country’s growing Asian and Hispanic populations helps contribute to the formation of multigenerational households, too. However, Pew research shows that multigenerational households are increasing in popularity with nearly all racial groups, as well as all age groups and with both men and women.
Multigenerational households also form so that grandparents can help take care of their grandchildren, and as they age, their children can care for them. This type of arrangement can ease financial burdens as well, with several generations contributing to the mortgage payment and not having to incur the expenses of childcare, retirement housing or professional care-giving environments. The house plan designer at Archival Designs has implemented the need for American families by offering an entire portfolio of multi-generational home plans.
Home builders and remodelers are building and renovating homes to meet the needs of multigenerational households. These designs allow many generations of the same family to live together under one roof yet have private areas as well as combined living space.
Features of multigenerational home plans can include in-law suites within the main home with separate areas for independent living. These often have kitchenettes and en suite bathrooms, and sometimes private entrances from the street. They frequently include “universal design” features and products, which focus on maximum usability by people of all ages and abilities. Examples include wider hallways, walk-in showers, smooth flooring transitions, and cabinets with pull-out drawers.
To learn more about multigenerational home plans call our home plan specialists at 770-831-6363.
The demand for low-priced and affordable homes is the strongest since the recession. The 2017 the housing market demand for small homes for first time and empty-nesters home buyers is hot. According to Ralph McLaughlin, chief economist for Trulia, “Housing affordability is the key to helping move inventory, but all signs are showing that homes this spring will be much less affordable than last year”.
Another change in pre-designed housing sales is the demand for one-story homes. These ranch floor plans are one level for the 55+ age group that want to age in place. These one-story home plans give the retired baby boomers the best of all worlds.
As you prepare to build your new home, call your local branch of the National Association of Home Builders to find a builder in your area. Potential buyers can negotiate the best building price from a quality group of professional builders.
In recent years, the tiny-home trend has taken that philosophy to the extreme. But it hasn’t quite caught on with mainstream America. The overwhelming majority of home buyers still prefer to own an abode with ample space in which to live, relax and entertain.
The median size of homes built in 2015 was bigger than ever, and the portion of those homes with four or more bedrooms grew to 47 percent. But so far in 2016, the median home size appears to have reached a plateau, leveling off after several years of gradual growth.