If you are going to move into or build a 3-4,000 square foot home instead of a 5-6,000 square foot home, what do you lose? A game room, among other things:
Customers increasingly are opting for alternate uses for the room that used to house the pool table and bar. Real estate agents and builders cite a number of reasons, from people’s tastes changing, a sign of the economic times or a baby boomer generation growing older, as reasons.
Going without a game room is not necessarily a sign that people are entertaining less, but more an indicator that custom homebuyers are making more practical decisions about what they want their living space to contain, says A. Faye Scoller, of the Scholler Group Prudential PenFed Realty…
“Additionally, we are seeing a lot less of the ‘keeping up with the Joneses’ in terms of the total square footage,” Booth notes. “Where we used to build 5,000- to 6,000-square-foot McMansions, now customers are reducing their space requirements, and now custom homes, with the same high-end amenities and extras, are in the 3,000- to 4,000-square-foot range.”
A smaller footprint comes from eliminating the game room and dining room and making one large and airy great room that can serve multiple uses, Booth said.
Both home sizes are large but you would have to make changes if you lose several thousand square feet.
The most interesting part of this to me is that although these houses may be smaller, this one builder suggests the smaller homes still have the “same high-end amenities and extras.” People may not want space but they still want the luxury items associated with a big home. At the same time, does this mean that a pool table and a bar are no longer desirable status symbols?