Most Americans grew up in a traditional home where space was at a premium. Space was not used for cathedral ceilings and large open foyers - instead every inch was utilized for a practical purpose. Storage under stairs and built in shelving have all become scarce - until recently.
New homes are once again becoming smaller. Prices of new homes is also declining.
Homeowners are still looking for unique features and some "pizazz" in their home, but they are increasingly looking at pure square footage in a negative manner. Buyers are increasingly looking at energy usage, and commenting about needing to "heat all of that wasted space". Some of the new "wow factor" features include upgraded energy efficient appliances, built-ins, and "smart home" systems that track and integrate energy usage and home systems. Younger home buyers are asking specific questions regarding the use of "green" building products.
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