Rene Vellinga, GRI’s Post

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Real Estate Consultant at 8z Real Estate

Home builders are going smaller. 🏡 In 2022, the average size of a new home was 2,560 square feet. Fast forward to the end of 2023, and that figure shrunk to 2,375 square feet. Now, with the median price per square foot in the U.S. holding steady at around $192, that 185-square-foot decrease translates to $35,520 in savings! The takeaway? If finding the “one” within your budget has been challenging, consider exploring slightly smaller, new builds. Not only could they fit snugly within your budget, but they might also come bundled with great perks like price reductions or mortgage rate buy-downs. Interested in a list of newly built homes in our area? Send me a DM! . . . #coloradorealestate #newhomes #homebuying #realestatetrends #budgetfriendlyhomes #homebuilders #smallerhomes #realestatesavings

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