Owners Of Larger Homes More Likely To Expand

Dated: 06/13/2014

Views: 2359

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 13, 2014
The home owners most likely to expand their dwellings by a significant amount of square footage tend to already have a great deal of space, according to a survey conducted for Houzz, a remodeling website. 

"It's a combination of being able to afford it and wanting to add more luxury spaces, like a home gym or basketball court," says Liza Hausman, vice president of community for Houzz. 

The survey of nearly 10,000 registered Houzz users in the United States reveals that respondents who reported owning homes with more than 4,000 square feet were twice as likely to add 1,000 square feet or more of living space than those with houses smaller than that. And respondents with properties built 25 to 49 years ago were more likely to increase the size of their homes to accommodate modern living needs.

Cheryl Bosa, a salesperson with Coldwell Banker Residential Real Estate, says the addition of a 1,500-square-foot guest wing is a big selling point for a listing of a 6,500-square-foot house in the Rio Vista Isles in Fort Lauderdale, Fla. Built in the 1990s, the home is somewhat small for the area, she says.

Source: "Big Homes Get Bigger," Wall Street Journal (06/13/14)

© 2014 Information, Inc.
Blog author image

Phil Mount

Phil Mount is an agent at Front Street Brokers in Boise, Idaho. Phil became a licensed REALTOR in August 2009 after a 25 year career as a technology marketing professional. In his first year as an a....

Want to Advertise on this Site?

Latest Blog Posts

5 Cool Neighborhoods That Might Be Perfect For You

Sky Mesa, Meridian   Some homesites nestle to a hillside, so open windows to private back yards creates stunning interiors. A quick 10 minute drive to The Village shopping center,

Read More

Top 10 Design Trends Not Mid Century For Idaho

Once upon a time, I worked in the building materials industry when modern design first started making a come back. A tile company had done extensive studies and reported that only 10% of the

Read More

6780 S Zeus Way Spacious Updated Home With A Great View MLS 98677496

6780 S Zeus Way Spacious, Updated Home with a Great View! MLS 98677496  Looking for a spacious home with a great view? This home has been recently updated with new carpet and interior

Read More

Build Your Dream Home On This Little Slice Of Heaven 5313 N Willean Ln MLS 98656400

Build your dream home on this little slice of Heaven! 5313 N Willean LnMLS 98656400You’re going to want to build your dream home on this little slice of Heaven!  This is the perfect

Read More