The culture of homeownership is constantly shifting. Fortunately, home production rose to 45% in the first quarter of 2015, and the housing market should be on an upward trajectory through 2015. But the custom housing market is changing in other ways as well. Here are the top three new trends in custom home building:
1. Multi-Generational Housing
From Baby Boomers to Boomerang Kids, more and more people are choosing to stick with the family instead of moving away. This is partly a result of shifting attitudes and partly an economic necessity. Many Millennial are choosing to stick around their parent’s house until the job market improves, and some older baby boomers are moving into homes owned by their children as they age.
Custom home designs can accommodate this style of living in several ways. Some luxury homes plans include dual master suites in different parts of the house for both generations, and some houses even have separate bathrooms and kitchenettes for older or younger inhabitants. Smaller apartments can be built into luxury homes plans to accommodate all members of a family.
2. Aging-In-Place Homes
Custom home building is a significant investment, so it’s only reasonable to want to get as much out of your home as possible. It’s also reasonable to want to stay in your own home as long as you can when you get older. Fortunately, aging-in-place luxury homes plans allow you to meet both desires.
Aging-in-place homes are built in a way that will accommodate residents as they age. Hallways are usually wider to make room for walkers or wheelchairs, there may be railings to assist with mobility, and elements like showers and kitchens will usually all be accessible. Even if you don’t need such features now, investing in them early is a great way to get the most out of your custom home.
3. Green Home Building
Public opinion is turning very strongly in favor of green custom home plans. Of homeowners who purchased or built houses to the National Green Building Standard over the past three years, 55% knew their home may have cost more but believed the benefits outweighed the costs, and 92% would purchase another green home. Green building is a great way to help the environment and save on utilities over time.