Downsizing is not just geometry. The future of housing in America.

Reblogger Lenn Harley
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

DOWNSIZING HOME SIZES?  Seniors community

NOT QUITE YET!!!

I don't believe we'll see a significant movement towards smaller homes until the cost of land comes down to a point where it is cost effective for developers and builders to add the cost of improvements to the cost of a lot and still make a profit.

We're not there yet except with townhomes/condos and "Z" lots.

Not happening in my market.

"Downsizing" in my area means townhomes and condos.  That happened decades ago. 

The single family detached home has not been downsized and the average is about 2,500 square feet above grade.

The home shown here is in a 55+ community where the homes are about 1,600 square feet on a 1/5 acre lot.  Prices today??  About $400,000. 

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Original content by Richard Weisser

Downsizing is about more than simple geometry. The future of housing in America.Like many others in the “Baby Boomer” generation, I am approaching the point in life where I am ready to reassess both my future plans AND my current lifestyle.

Downsizing is NOT just about smaller spaces. It’s about assaying what is really important in life, and what we can actually live without.

I have always been a minimalist to some extent, but now even more so. All I need is a place that keeps me cool in the summer, warm in the winter, simple wholesome food and the love and affection of my family and friends.

If you combine this mindset with the trend towards more energy efficient “green” thinking, it would seem that the future of house is definitely leaning toward “smaller.”

The long term outlook for housing seems to be “less is better!”

Not because we HAVE to, but because we WANT to!

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Comments 13 New Comment

Rainmaker
482,172
Rob D. Shepherd
Principal Broker ABR, GRI
Coldwell Banker Coast

This really hut home yesterday as I was sorting our older belongings to give to our college bound kids that will be leaving in a few weeks, We will be empty nesters.

July 18, 2012 06:14 AM
Rainmaker
455,468
Cara Marcelle Mancuso
Call a Marana neighbor, I'm THERE!
Long Realty - Dove Mountain, Marana AZ

As a retirement location, often folks that are downsizing from their midwest or east or west home MOVE here, but I haven't yet worked with a seller that was moving that direction.  We have several age-restricted communities but even there, square footage can be generous. (3700 sft +)

I took a quick peek at two such neighborhoods and found that of the 119 sold in the past 6 months, 23 were over 2500 square feet, and 6 were under 1600.  I saw a show once on "folding" homes in Japan - amazingly small and versatile.  It certainly would be a different lifestyle.

July 18, 2012 08:44 AM
Ambassador
1,029,423
Dick Greenberg
Northern Colorado Residential Real Estate
New Paradigm Partners LLC

Hi Lenn - While we have moved to much smaller lots over the last two decades in our market, driven by city and county planners who think that's the way to counter urban sprawl, the actual sizes of the homes keep increasing. And like you, the most readily available small alternative is condos and townhomes.

July 18, 2012 09:13 AM
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1,362,188
Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Lenn, I've always been somewhat baffled by the size of homes some folks seem to need to "be happy".  I'd bet there are rooms in their home that get entered once a month and that's about it.

July 18, 2012 09:28 AM
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Lenn Harley
Real Estate Broker - Virginia & Maryland
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate

Jeanne.  The McMansions are not faring well, but folks still don't want the old communities in many areas here.

Lisa.  I love when someone agrees with me.

Rob.  You hope.

Cara.  Nothing in other countries has ever caught on here except for elevations that resemble other countries style.

Dick.  Yep.  Smaller lots but NOT smaller homes here.

Liz and Bill.  You are describing my home.  Biggest mistake I ever made.

July 18, 2012 10:00 AM
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Lenn Harley

Real Estate Broker - Virginia & Maryland
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