“The ‘New American Home’ Continues Shrinking,” reports the Wall Street Journal. Grammatical missteps aside (shouldn’t it be “continues to shrink”?), this is not a new headline. Those of us in the real estate industry have been seeing this for a while now. The McMansion is on life support and home-buyers have their hand on the cord, ready to pull the plug. Why? Why is everyone so down on huge houses? Like most in the real estate industry, we can only speculate. So here we go…
No more formal dining. My grandmother’s generation would shudder at the suggestion that a formal dining room in a home is wasted space. I can see my Grandma Mabel clutching her chest, wondering what she would do with all her polished silver and Wedgwood China. Grandma, I love ya. But ding-dong the dining room is dead. Why? Because Americans hardly have time to dine as a group once or twice a week. They certainly don’t have time to dine formally. It has become grossly impractical to dedicate a whole room to bi-annual functions. In this economy, extended family members or grown children are moving in (if they ever moved out). Now all of a sudden that “formal” dining room is now formally space for Grandma or Dupree (your adult college student).
Grand foyers aren’t so grand anymore. Endless high gloss floors. Double staircases. Chandeliers that could kill a mule if they fell from the ceiling. What were we thinking? This is the Ron Burgundy philosophy of yesteryear: “I’m kind of a big deal. My home has shiny floors, lots of stairs, sparkly lights and smells of lemon oil.” These types of entryways have gone from making the homeowner the envy of their peers to the butt of their peers’ jokes. Nowadays, people want to take that wasted, albeit shiny square footage and tweak it into something perhaps a bit more useful. Like a home office used to make money to pay the mortgage…
Hallway? No way. When you think of scary movies, what do you think of? A dopey actress backing into a dark hallway where the guy with the big sharp blade is waiting? Hallways are about as hip as dark wall paneling. And a hallway covered in dark paneling? Fah-get-a-bout-it. Sadly, loads of people are of the mind that hallways are a necessary evil when mapping out a floor plan. No so. In a home with smart spaces, that square footage can be reconfigured into space you can actually use- like another family room for example. Cozy family room. Dark scary hallway. Cozy family room. Dark scary hallway. Which would you rather have?
Monster master bedrooms. MASTER bedrooms? How about we get over ourselves? How would that be? Do we really need bedrooms so large that we can hear our voices echo? A bedroom needs, uh, a bed and some space for clothes. Unless you’re hosting cocktail parties or business conferences in your bedroom, what do you need all that space for? You don’t. It’s more flooring to spend money on (and later vacuum) and more area to heat and cool.
The downward turn in the economy has leveled the playing field for many. Now excess and showboating have become tacky to some. In times where bare essentials like jobs, homes and retirement accounts are taken away, societies are forced to return to basics. What really counts? Lifestyle. A comfortable, affordable home with reasonable space in a kick ass community. The rest is just fluff.





