With the rising cost of housing in recent years, many people have given up on the idea of owning a home. However, homebuilders have found a solution for those who are willing to embrace minimalism – smaller homes with a smaller price tag. According to the Wall Street Journal, the sizes of new homes in major cities, like Seattle, San Antonio, and Charlotte, are shrinking. This trend is achieved by eliminating certain rooms and perks, such as dining rooms, lofts, and bathtubs, to create more efficient living spaces.
Other features that are becoming more popular in smaller homes include bunk beds and shared bathrooms between bedrooms, as well as kitchen islands serving as the main eating space. Nationally, the average size of a new home has fallen 10% to 2,420 square feet in the past five years. First-time buyers and empty nesters are among the major groups showing interest in downsized homes. Attached homes, where neighbors share walls, are also gaining attention from potential home buyers. “They don’t see a small home,” says a real estate agent in Lexington, South Carolina, “They see it as a dream come true.” Read the full story. (Read more homes stories.)
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