It may be hard saying goodbye to home features that are no longer sensible, change is upon us. Last year, the National Association of Home Builders (NAHB) predicted that homes by 2015 may be more known for what is omitted from current home designs. The move is toward green, where new home trends are for energy efficient, multi-use rooms with less specialization. Now, MarketWatch weighs in with its list of ten once-popular home features that are about to disappear.
Revising the concept of a functional home
The NAHB study predicts a downsizing of total residential square footing by 10 percent by 2015. More than 50 percent of home builders told NAHB that consumers are ready to dump the living room. It's simply not used enough, restricted to a few social functions and uses too much juice to keep comfortable through the year.
Home buyers, certainly by 2015, will favor a great room - a flexible large space into which homeowners will combine a kitchen, family room and living room. That's the view of MaarketWatch, which also pronounces the coming demise of the dedicated multi-media room or entertainment room. That's because components will eventually be scaled so small as to fit into a closet, with video and music piped throughout the house. MarketWatch also says we can bid a sad farewell to two-story family rooms and foyers, both energy hogs and space eaters.
New homes going green
The NAHB survey revealed that builders seem finally convinced that shoppers want energy efficient homes. On today's resale market, homes that are energy hogs are already disadvantaged. Recently, the NAHB predicted that the green housing market will explode by 20 percent by 2016.
Features to look forward to, builders told the NAHB, include low-E replacement windows, engineered wood beams, low-flow faucets throughout the home and and low-flow toilets for the bathroom. Housing trends show a move toward the practical, functional, efficient and those which add valuable over the long term.
The NAHB/Wells Fargo Housing Market Index in mid-February reported five consecutive months of increased builder confidence in the new home market. It's not all rosy out there, according to the NAHB. Foreclosures still offer strong competition over new homes and many new houses have been appraised for less than it cost the builder to complete them. Home sizes may continue to constrict to economic reality.