The National Association of Home Builders expects future housing trends to reflect the current economic and demographic changes of our society.
They believe the average size home will be reduced by about 400 sq. ft to 2100 sq. ft. These homes will be energy efficient and family friendly. Expect to see homes that have larger family rooms and smaller dining rooms. Formal living spaces will be either downsized or eliminated. We may see the end of the living room.
The demand for resource efficient water systems and windows has also increased. Solar panels and tankless water heaters are eco-friendly and economically effective.
Real estate investors are cashing in on this trend, buying homes and transforming them with eco-friendly improvements. Investor improvements include thicker insulation, and energy efficient appliances and lighting. The average household spends $2200 a year on electricity with half going towards heating and cooling.
This trend reflects the changing landscape of the population. By 2015, 41% of the population will be above the age of 55 years old. Baby boomers are expected to downsize both their primary and vacation homes.
The other lifestyle change is “Intergenerational Living.” Children staying in the home longer; and in some cases we’re seeing grandparents living in the home. This mixed household trend may influence building plans. We may see more homes designed with a central hub of common areas.
The American Institute of Architects predicts homes will move towards an open space layout with finished basements and attics. Expect to see more energy efficient, single level floor plans.
Home sellers may want to consider incorporating eco-friendly appliances and solar panels to give their home a competitive edge in this market.
More About Energy Efficient Homes;
- Energy Efficient Homes | Real Estate Blog – Many homeowners have, in the past, avoided upgrading their homes with energy efficient features. Largely that is related to the extra costs that come with the upgrades. The homeowners concern instead seems to lie with the …
- Adjust a Programmable Thermostat Remotely and Save Energy and Money – In Energy Efficient Homes for Dummies, author RiK DeGunther, a design engineer and energy consultant, picked his ten best energy-saving investments around the home.
- 5 Stats Your Next Client Must Hear – Home Energy Pros – We have noticed that anyone who has had improvements made to their old home are almost guaranteed to have an audit performed on their new home once they move. Energy efficient homes speak very loudly to people that …