Tara O'Brien's Minneapolis Real Estate Update: A Look Ahead at New Homes of 2015

Tara O'Brien's Minneapolis Real Estate Update: A Look Ahead at New Homes of 2015

Minneapolis Condos and Minneapolis Real Estate | Tara O'Brien
Tara O'Brien's Minneapolis Real Estate Update


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Wednesday, October 12, 2011

A Look Ahead at New Homes of 2015

If you had asked someone in the 1960s what the home of 2015 would look like, chances are they imagined something akin to The Jetsons’ home complete with Rosie the Robot and other space-age appliances that dressed and fed the family.

But, rather than space-age technology, the biggest thing that is expected to change in future single-family homes is the size.

“Homes will get smaller,” says Stephen Melman, Director of Economic Services at the National Association of Home Builders (NAHB) in Washington D.C. “We asked builders, ‘what do you anticipate the new home size would be by 2015?’ ”

According to the results of the study, surveyed home builders expect new single-family homes to check in at an average of 2,150 square feet. Current single family homes measure around 2,400 square feet, which is already a decrease from the peak home size in 2007 of 2,521.

While the decrease in home size has a lot to do with the recession, many believe that the real estate changes will stick around even after the economy and home values get back on solid ground.

“Although affordability is driving these decisions, smaller homes are a positive for builders,” said Melman. “It allows for more creative design, more amenities, better flow. It’s an opportunity to deliver a better home.”

Other things that make up the home of 2015? No more living room. According to the survey, 52 percent of builders expect the living room to merge with other spaces and 30 percent believe that it will vanish completely to save on square footage. Instead, expect to see great rooms — a space that combines the family and living room and flows into the kitchen.

Expect to see more:
1. spacious laundry rooms
2. master suite walk-in closets
3. porches
4. eat-in kitchens
5. two-car garages
6. ceiling fans

Expect to see less:
1. mudrooms
2. formal dining rooms
3. four bedrooms or more
4. media or hobby rooms
5. skylights


Many of these changes reflect a desire for builders and consumers going green. Smaller space means more efficient heating and cooling. Ceiling fans distribute heat evenly while skylights, on the other hand, release heat.

However, as builders look to go green, they’ll be installing energy-efficient windows and compact fluorescent and LED lighting, as well as water-efficient appliances and plumbing.

Additionally, many new homes will have the baby boomer population in mind with walk-in showers, ground-floor master bedrooms and grab bars.

“A bigger share of the new homes will be purchased by people 55 or 65 and older,” said Melman. “They’re more likely to have more cash for a down payment, but they’re empty nesters, so they don’t need five bedrooms.”


-Yahoo Real Estate and Zillow


# posted by Tara O'Brien @ 1:26 PM


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Minneapolis Condos and Minneapolis Real Estate | Tara O'Brien
About Tara O'Brien's Minneapolis Condos, MN Real Estate Website: The www.taraobrien.com web site provides Greater Minneapolis communities of Downtown Central, Calhoun-Isles, Camden Community, Longfellow, Near North, Nokomis, Northeast, Phillips, Powderhorn, Southwest and University Community, Minnesota real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Minneapolis Condos area. Tara O'Brien (Sometimes spelled as Tara, Tera, OBrien, O'Brian, or Obrian) has services to help you get the best value for your Minneapolis Condos home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Minneapolis Condos REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Minneapolis Condos, MN, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Tara O'Brien can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Tara speaks  your language.
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