TIME TO DOWNSIZE YOUR HOME?

​The American dream of owning a home today is facing a financial reality which may seem insurmountable to younger buyers. Rising interest rates and home prices, coupled with a somewhat unstable economy are making most couples think twice before a major new commitment. Pledging almost 40% of total income for housing plus monthly utility bills might be too much to bear to maintain the reasonable lifestyle desired.

Re-thinking immediate life goals may be in order by postponing the ultimate long-term dream for the time being. Reorienting toward a more moderate and happier lifestyle unburdened by excessive debt seems more appealing day the day. Being able to watch the kids grow in a calm and protected environment can mean much more than a lavish home-life full of tumult and uncertainty.

When I began drawing homes in the late seventies, most larger three bedroom, two bath homes averaged around 1700-1900 heated square feet. That increased significantly over the past few decades, and today the average is around 2300 square feet heated area. The complexity of exterior and interior design has also changed in order to sell more visually appealing homes to customers. The increased costs associated with both these factors has helped fuel the rising costs today. 

Young families need to confront the situation and make wise decisions before investing their precious family treasure. Priorities may need adjusting to fit the changing reality we all find ourselves. And this could be a great time to ponder the importance of quality vs. quantity in our life priorities. 

This is not to imply at all the loss of that dream. We all desire to live in that perfect scenario depicted in today's consumer economy. A larger home can always be built. But investing in a more modest design now and later sold with built-up equity can allow that larger home in the future. We don't have to give up the dream!

Another approach might be adding on to your existing home, or re-modeling an area which may be dated. It can be surprising what can be done with well thought out design to make your home seem totally different and more visually appealing. Removing walls can also be done to achieve a more open space currently in many of today's homes.

I've been designing homes in north Louisiana all my life, and seen styles develop through time. I can help you with a down-sized, but still appealing,  exterior and floor plan that's easier to construct and cost friendly for your budget. I can also help with remodel plans, allowing your builder and you to be on the same page of what you expect. It is imperative to have a plan BEFORE changes are made to your home so that misunderstandings are kept to a minimum.

Call me today at The Plan Shoppe, Ltd. I'll be glad to help!
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