Houston housing contemporary focusHouston housing contemporary focushttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=78012013-04-02T14:06:00Z2013-04-02T00:00:00Z

HOUSTON - The booming Houston economy has led to increased luxury home sales, and homebuyers are demanding individualization.

As more seniors move in with their adult children and children return home after college, builders and Realtors say Houston buyers want houses equipped for occupants spanning several generations. A second master bedroom on the first floor and three-car garages are very desirable right now.

In general, homes are getting smaller. The median size of a new home in 2010 was 2,169 sf, according to the U.S. Census, down from the 2007 peak of 2,277 sf.

The reason for the trend toward smaller homes, local experts say, could be that not only are more buyers empty nesters and don’t need or want more space to take care of, but more buyers are spending money on quality vs. quantity.

Even in entry-level homes, Houston homebuyers expect the latest high-end and high-tech features.

The rise of environmentally friendly and energy-efficient buildings, combined with concern over security and Houston’s still-very-fresh memories of the aftermath of Hurricane Ike have created a list of necessities that can be considered more practical than extravagant.

Some of those components include high-tech features focused on convenience and being environmentally friendly, such as satellite-controlled sprinkler systems, LED lighting and air-conditioner vents on outside porches.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/print-edition/2013/03/22/whats-hot-whats-not-in-houston.htmlRead more at {Source}

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