Downsizing Trend Reverses, Americans Want Big Homes Again

mcmansion (1)For the past three years, the average size of new homes has been on the rise. The median new-home size in 2012 reached a record high at 2,306 square feet, according to newly released data from the Census Bureau. That is an 8 percent increase from 2009. 

During the Great Recession, Americans showed a preference for smaller homes, and many housing experts were saying it meant the end of the McMansion.

But Jeffry Roos, a regional president for homebuilder Lennar, told CNNMoney that it wasn’t that Americans wanted less space, they just couldn’t afford more space at the time.

Now, they’re upsizing again. A spokeswoman for GL Homes says that the builder has been selling homes that average 7 percent larger than during the first five months of 2012.

Some consumers are choosing to buy larger because they have more people under their roof. Lennar offers homes known as Next Gen, which feature separate suites for a mother-in-law or college grad who has moved back home.

Home shoppers tend to buy bigger than what they originally plan, Fred Cooper, a spokesman for Toll Brothers, told CNNMoney.

“In the downturns, in upturns, whenever, our customers typically added another 18 to 20 percent of floor space onto what already was a very nice house to begin with,” Cooper says.

Source: “McMansions are making a comeback,” CNNMoney

All About Log Homes

luxury-shelter-the-practice-of-building-a-log-homes[click image for larger view]

 

When It Comes to Wood Floors, Choose Wisely

hardwood-kitchenRich wood flooring can spell instant warmth and patina in a home. Here’s an overview that can help buyers and sellers evaluate wood floors.

Just as with ties and hem lengths, wood flooring styles change. Colors get darker or lighter; planks get narrower or wider; woods with more or less grain show swings in popularity; softer or harder species gain or lose fans; and the wood itself may be older, newer, or even pre-engineered with a top layer or veneer-glued to a substrate to decrease expansion and contraction from moisture.

Here are key categories for consideration:

Solid Plank

This is what some refer to as “real” wood because the wood usually ranges from three-eighths to three-quarters of an inch in total thickness to permit refinishing and sanding. Thicker floors have a thicker wear layer to allow for more frequent refinishing and sanding, so they can withstand decades of use, says architect Julie Hacker of Stuart Cohen and Julie Hacker Architects. It also can be stained, come from different species of tree, and be sold in numerous widths and lengths:

  • Width and length: Designer Steven Gurowitz, owner of Interiors by Steven G., is among those who prefers solid flooring for many installations because of its rich, warm look. Like other design professionals, he’s seeing greater interest in boards wider than the once-standard 2 ¾ to 3 ¾ inches — typically 5 to 6 inches now but even beyond 10 inches. And he’s also seeing corresponding interest in longer lengths, depending on the species. Width and length should be in proportion. “The wider a board gets, the longer the planks need to be, too, and in proportion,” says Chris Sy, vice president with Carlisle Wide Plank Floors. These oversized dimensions reflect the same trend toward bigger stone and ceramic slabs. The downside is greater cost.
  • Palette: Gurowitz and others are also hearing more requests for darker hues among clients in the northeastern United States, while those in the South and West still gravitate toward lighter colors. But Sprigg Lynn, on the board of the National Wood Flooring Association and with Universal Floors, says the hottest trend is toward a gray or driftwood. Handscraped, antique boards that look aged and have texture, sometimes beveled edges, are also become more popular, even in modern interiors, though they may cost much more.
  • Species and price: Depending on the preference of the stain color, Gurowitz favors mostly mahogany, hickory, walnut, oak, and pine boards. Oak may be the industry’s bread and butter because of the ease of staining it and a relatively low price point. A basic 2 ¼-inch red oak might, for instance, run $6.50 a square foot while a 2 ¼-inch red oak that’s rift and quartered might sell for a slightly higher $8.50 a square foot.
  • Maintenance: How much care home owners want to invest in their floors should also factor in their decision. Pine is quite soft and will show more wear than a harder wood like mahogany or walnut, but it’s less expensive. In certain regions such as the South, pine comes in a harder version known as heart pine that’s popular, says Georgia-based designer Mary Lafevers of Inscape Design Studio. Home owners should understand the different choices because they affect how often they need to refinish the wood, which could be every four to five years, says Susan Brunstrum of Sweet Peas Design-Inspired Interior. Also, Sy says that solid planks can be installed over radiant heating, but they demand expert installation.

Engineered Wood

Also referred to as prefabricated wood, this genre has become popular because the top layer or veneer is glued to wood beneath to reduce expansion and contraction that happens with solid boards due to climatic effects, says Sy, whose firm sells both types. He recommends engineered, depending on the amount of humidity. If home owners go with a prefabricated floor, he advises a veneer of at least one-quarter inch. “If it’s too thin, you won’t have enough surface to sand,” he says. And he suggests a thick enough substrate for a stable underlayment that won’t move as moisture levels in a home shift.

His company’s offerings include an 11-ply marine-grade birch. The myth that engineered boards only come prestained is untrue. “They can be bought unfinished,” he says. Engineered boards are also a good choice for home owners planning to age in place, since there are fewer gaps between boards for a stable surface, says Aaron D. Murphy, an architect with ADM Architecture Inc. and a certified Aging in Place specialist with the National Association of Home Builders.

Reclaimed Wood

Typically defined as recycled wood — perhaps from an old barn or factory — reclaimed wood has gained fans because of its aged, imperfect patina and sustainability; you’re reusing something rather than cutting down more trees. Though less plentiful and more expensive because of the time required to locate and renew samples, it offers a solid surface underfoot since it’s from old-growth trees, says Lynn. Some companies have come to specialize in rescuing logs that have been underwater for decades, even a century. West Branch Heritage Timber,for instance, removes “forgotten” native pine and spruce from swamps, cuts them to desired widths and lengths, and lays them atop ½-inch birch to combine the best of engineered and reclaimed. “The advantage is that it can be resanded after wear since it’s thicker than most prefabricated floors, can be laid atop radiant mats, and doesn’t include toxins,” Managing Partner Tom Shafer says. A downside is a higher price of about $12 to $17 a square foot.

Porcelain “Wood”

A new competitor that closely resembles wood, Gurowitz says porcelain wood offers advantages: indestructibility, varied colors, “graining” that mimics old wood, wide and long lengths, quickness in installation, and no maintenance. “You can spill red wine on it and nothing happens; if there’s a leak in an apartment above, it won’t be destroyed,” he says. Average prices run an affordable $3.50 to $8 a square foot. The biggest downside? It doesn’t feel like wood since it’s colder to the touch, Lynn says.

Bottom Line

When home owners are making a choice or comparing floors, Sy suggests they ask these questions:

1. Do you want engineered or solid-based floors, depending on your home’s conditions?

2. Do you want a floor with more natural character, or less?

3. What board width do you want?

4. How critical is length to you in reducing the overall number of seams?

5. What color range do you want — light, medium, or dark?

6. Do you want more aggressive graining like oak or a mellower grain like walnut?

7. Do you want flooring prefinished or unfinished?

8. How thick is the wear layer in the floor you’re considering, which will affect your ability to refinish it over time?

9. What type of finish are you going to use? Can it be refinished and, if so, how?

10. For wider planks that provide greater stability: Where is the wood coming from, how is it dried, what is its moisture content, and what type of substrate is used in the engineered platform?

Save Money and the Planet: Build Green

Green building is the practice of increasing the efficiency with which buildings and their sites use energy, water, and materials to minimize environmental impacts.Green-Design-Infographic-LineShapeSpacevia: LineShapeSpace.com

 

Millennials Show Preference for Compact, Urban Homes

generation-y.jpgAmericans who are between the ages of 18 and 34 — known as Generation Y — could be a “game changer” in the U.S. real estate market, according to Urban Land Institute. As such, ULI researchers are taking careful note of this generation’s preferences when it comes to homes.

A new ULI survey of about 1,200 Millennials shows that 59 percent of those surveyed prefer a home in a neighborhood that has a variety of housing types. For example, 62 percent said they prefer mixed-use developments with shops, restaurants, and offices, and 52 percent say they like pedestrian-friendly neighborhoods.

The survey also showed that 55 percent of Millennials said they want their home to be in close proximity to public transportation. ULI researchers also note that this generation is more likely than older generations to live in apartments and in downtown areas.

Patrick Phillips, ULI’s chief executive, says he believes the Millennials represent a big change from other generations, in that this group will continue to prefer more compact, urban homes, even later in life. He says that will likely lead to more mixed-use development.

“Over time, we’ll see a return to a more compact, metropolitan development pattern,” Phillips said. “We’ll see less sprawl at the edges … the market preferring solutions that are closer in.”

Source: “Is Generation Y a ‘Game Changer’ for Housing?” The Wall Street Journal

Great Spaces: Paradise Property for Sale, Walls Optional

hawaii_outsideWant to move to paradise? Who could blame you! This Hawaiian estate, located on the big island of Hawaii, is called Laule’a, or “a place of peace and happiness.” Happiness, indeed! Overlooking the fifth green of the Kona Country Club’s mauka course in the prestigious Keauhou Estates, this stunning property mixes tropical design with contemporary Asian architecture.

The spectacular one-story home was designed with indoor/outdoor living in mind. Interested in sleeping outdoors, but don’t want to forfeit the comfort of your bedroom? No worries! Featuring walls of glass that pocket back, the entire home can be opened to the outside.

An open floor plan creates more soothing space, and the kitchen includes a long island bar for entertaining. However, the next owner will undoubtedly be taking their parties outside—there is a large covered lanai with a wet bar, as well as a double infinity pool and a putting green.

Lush gardens surround the property, and three master suites and a great room surround an interior courtyard lanai and pond. Built in 2006, the 3,052-square-foot home offers high-tech privacy and security, with computerized lighting and security systems.

Listing Agent: Dianne M. Doherty, Clark Realty Corporation/Luxury Portfolio International®

Listing Price: $2,200,000

John Legend Trades Spaces in NYC

John_Legend_aptLast November, nine-time Grammy-winning singer-songwriter John Legend ditched his Bowery neighborhood apartment, making approximately $775,000 on the deal. Turns out, Legend sold to trade up to Little Italy, where he picked up this $2.495 million, 1,969-square-foot loft-style condo. With only one bedroom, his new digs feature low ceilings and an open-concept main living space, complete with white oak flooring, exposed cast iron columns, and a paneled reading nook with a gas fireplace.

Funnyman Bob Hope’s Funny Home Is Volcanic

Bob_Hope_volcano_homeWant to live in a house shaped like a volcano? Bob Hope did! The late comedian’s unique Palm Springs estate is built out of concrete, glass and steel, and includes a copper roof. The dome-shaped home is listed for $50 million, and was designed by prominent architect John Lautner in 1973 to resemble a volcano (or a space station, depending on who you ask). The 23,366-square-foot home has six bedrooms, 10 full baths and three half baths all surrounding an interior courtyard lit by a huge circular opening in the roof.

Listing Agents: Ann Eysenring, Partners Trust Real Estate; Patrick Jordan and Stewart Smith, Windermere Real Estate

Listing Price: $50 million

Want To Build A House? Consider This

couple-by-house-being-constructedAs you consider buying a home or building one, consider these challenges. Building a home allows you to design a house to your particular needs and specifications. In addition, it gives you more control over the building products that are used, how green the home will be and the custom rooms and features the property will exhibit, according to U.S. News and World Report.

However, for all the benefits building a home can bring, there are still other factors you should consider that may influence your decision.

Cost

Consumers who buy an existing home sign on to a mortgage, purchase property insurance and cover closing costs and fees. When it comes to building a house, there are additional costs consumers should weigh, such as the price of purchasing the property the house will sit on. In addition, there may also be contractor fees and the costs of zoning permits, the news source explains. There are other costs that new homeowners will take on, such as purchasing appliances, furniture and making upgrades. In cases where consumers are considering purchasing a home, they may save money on appliances that are being left behind, such as refrigerators or ovens, and making small upgrades themselves.

Individuals should weigh the pros and cons of different costs to make sure they are staying within their budgets and making the right financial decision for their circumstances.

Size

Many individuals opt to build homes when they want a particular number of bedrooms or bonus rooms. However, it’s important not to overlook existing homes that have spaces that can be converted, such as basements and attics, especially if they are more affordable. In addition, bathrooms, kitchens and bedrooms can also be renovated for size.

Timing

Consumers who are going back and forth about buying an existing home or building a new one should also take time into account. The process to build a home may take longer than finding an existing home, so individuals should factor in their own timeline for moving. Consumers who are on a time crunch may also want to contact a real estate agent to look at homes in the area to see if any properties meet their needs. Buyers should also take the time it may take to renovate or make upgrades to an existing home into account. When on the fence about building or buying, exploring all available options can help consumers make more informed decisions.

13 Elements of a Dream Green Home

Got a dream green home you’d love to build? Sure, you’ll probably want to include solar panels in the building, but that’s just one element. Green building involves making the most efficient use of the materials that go into the building, and creating a space that allows for sustainable use of resources needed to live in that home. Energy’s important, as well as water use, air quality, and the relationship of the landscaping to the larger surrounding environment.

Building a green home is easier than ever with these eco-friendly materials and products. learn more from this inforgraphic.thirteen-elements-of-a-dream-green-home-infographic

Anatomy of a Dream Backyard

dream backyardsource