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Downward Trend In Home Size (nahb)

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Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
People want single story homes that are less than 2000 SF, why? Because they are aging, don't want to climb stairs and don't want the hassle of keeping a large size home.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Plus, it's less expensive to heat them, and you know those costs keep going up, as more people are moved to static income levels.

.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Stagnant income levels, younger generation not all jumping on the get into debt impress everyone consumer mentality of bigger is better, more awareness of energy efficiency, an aging population looking to scale back...all of which might serve to make some larger homes in certain areas into over improvements.
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
I don't want to clean one bathroom, let alone multiple toilets.
The wife complains about how long house cleaning takes, I complain how long the yard work takes, and how much sweat.
Trying to stay on topic, I don't think a 1400 SF house on a 8000 sf lot is too big by any means.
I think about what a gardener might cost, and my cheapass gene kicks in.
Don't day the work maid to my wife. :leeann2:
 

Tom Woolford

Elite Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
People want single story homes that are less than 2000 SF, why? Because they are aging, don't want to climb stairs and don't want the hassle of keeping a large size home.
Pretty well describes me.
 

Michael S

Senior Member
Joined
Mar 18, 2009
Professional Status
Certified General Appraiser
State
New Mexico
I on the other hand need a 4-bedroom house, preferably a 5-bedroom as we've got five kids now and will likely have more. It would be nice to have a home office again, though unless it was sound-proofed and located in a different building it probably wouldn't work. 2,400 SF for the median size still seems very large. Our current house is probably about 2,000 SF and it's a 4BR/3BA with two master suites (three older boys get the larger one in the addition on the other side of the house where the screaming and crying is slightly drowned out ). I suppose I should actually measure our house but it's a rental and like everyone else we didn't rent it based on the square footage, at least not directly measured square footage.
 

Peter LeQuire

Elite Member
Joined
Jan 3, 2005
Professional Status
Retired Appraiser
State
Tennessee
I on the other hand need a 4-bedroom house, preferably a 5-bedroom as we've got five kids now and will likely have more. It would be nice to have a home office again, though unless it was sound-proofed and located in a different building it probably wouldn't work. 2,400 SF for the median size still seems very large. Our current house is probably about 2,000 SF and it's a 4BR/3BA with two master suites (three older boys get the larger one in the addition on the other side of the house where the screaming and crying is slightly drowned out ). I suppose I should actually measure our house but it's a rental and like everyone else we didn't rent it based on the square footage, at least not directly measured square footage.

How dare you post such heresy on this here appraisers' forum?:shrug:
 

KenAZ

Senior Member
Gold Supporting Member
Joined
Jan 6, 2010
Professional Status
Certified General Appraiser
State
Dom. Republic
Big homes stopped being built in 2007 because the expense was higher than the market value.

Now they are finally being built again, but not like they used to.
 

Craig Farr

Junior Member
Joined
Sep 26, 2004
Professional Status
Certified Residential Appraiser
State
Arizona
I just completed appraisal on brand new 2700sf ranch with full unfin bsmt, 3car gar in DenverMetro market. 65yr old man and woman. Two people. And that is common. In this market if you can afford big, you buy big. Many single women in my neighborhood rattling around in 2300sf 2-story, 3car gar. At 71 yrs old, I would screaming from such housing. But my personal opinion can't find a comment section of the URAR. The comps and the comps. The data is the data. Complete it, sign it, and collect the $400.
 
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