Home builders save buyers money by creatively using materials and layouts, according to a report by the National Association of Home Builders. Many of the options, which debuted at the 2012 International Builders Show, should begin premiering in Real Estate developments this year.
Infrequently-used rooms such as home offices and dens, for example, are disappearing in favor of spaces that encourage family interaction, according to the association. Spaces around the kitchen, family rooms and great rooms are expanding to allow for multiple occupants at the same time. To acknowledge the need for privacy, window seats and alcoves, as well as pocket offices in pantries, are becoming popular.
Due to a previously sagging economy, many college graduates and adult children are moving back to their parents’ homes. In addition, many new homebuyers hail from abroad, where large, multigenerational families are common. To accommodate the needs of several adults, new single-family homes are including “shadow” units that surround the main space. These units may consist of master suites or may be stand-alone structures that include bedrooms, living areas and bathrooms.
To make up for smaller home sizes, builders are adding more amenities to the community centers of new developments. Pools, party rooms, gyms and media rooms are now expected options. However, libraries, event spaces, large covered outdoor areas and business lounges with individual work spaces are also becoming standard offerings.
If you are a property developer, what other trends have you noticed? If you’re a broker or agent, have you found yourself with a client either trying to sell or buy such a property? What have been the benefits or hardships with such transactions? Let us know in the comments section, below!