SMALL HOMES WITH BIG VALUE
Smaller homes appeal to younger homebuyers
NOT ALL HOMEBUYERS ARE LOOKING FOR A HOUSE WITH A MASSIVE FLOOR PLAN – AND A MASSIVE PRICE TAG. In fact, a wide variety of lifestyle changes are motivating many homeowners to downsize to something more manageable. Many first-time buyers are seeking something other than the traditional “starter” home.
JEWEL BOX HOME
Their reasons may vary, but their goals remain consistent – find a home that fits well, maximizes space and offers value. Homebuilders recognize the home-efficiency needs of today’s buyers, which is why an increasing number of them are finding innovative ways to deliver big value in a small package. To those who think buying a smaller home means sacrificing quality amenities, they might not know about what many refer to as the “jewel box home.” Ranging between 650-2,500 square feet, jewel box homes are generally smaller than the average single-family home, and are built with high-quality materials and custom finishes.
Such homes are most appealing to newlyweds, single professionals, empty nesters or retirees – anyone with a less-ismore mentality who wants to live in a custom, yet relatively affordable home. Every area within a jewel box home is designed with a purpose – sometimes more than one – to augment efficiency. The designs typically rely on blurring the lines between the indoor and outdoor by incorporating large sliding glass doors that open seamlessly to exterior entertaining areas.
TINY HOMES
Other design elements that create space include the use of barn doors, dramatic lighting, floating shelves, abundant windows and continuous flooring throughout. Functionality is often enhanced with kitchen islands that double as dining tables, creative storage spaces beneath stairs and purposeful cabinetry and built-ins. Yet still, for some, “small”isn’t small enough. A few years ago, many thought the “tiny house movement” was a passing trend, but some extreme minimalist homebuyers still view tiny homes as a viable option. The reason they do is because they have such a small impact on the environment, and on their checkbooks.
Costing a fraction of the price of a typical single-family home, these diminutive dwellings are also a fraction of the size, and range between 100 and 400 square feet. Those who tend to be the most interested in tiny houses are millennials, particularly the ones who dislike home maintenance almost as much as they do the idea of a long-term mortgage.
For most people, the appeal of a simplified life in a tiny house won’t be enough to forfeit a good amount of their personal space, or outweigh the inevitable climb up a ladder to sleep in a loft. The homebuyer intrigue in the “tiny” concept continues to spur micro-living-inspired efficiencies within larger, more mainstream home designs.
For more information about innovative home designs that fit modern lifestyles, contact John Garcia, Home Builders Association of Central New Mexico.