Simple Sizing Is The Home Buying Trend Millennials Have Fallen In Love With

The current housing market is tough for everyone, regardless of what tax bracket or generation you fall into. Perhaps that's what prompted the simple-sizing trend to begin with, but regardless of its origin, it seems to be here to stay. The minimalist design style goes hand-in-hand with simple sizing and is encompassed in the broader statement of less equals more. Simple sizing has a sort of loose definition that involves making purposeful decisions to create a more efficient and practical use of space. No wonder it's making perfect sense to millennials. They seem to be reassessing their reality post-pandemic and basing new decisions on what's important accordingly.

Simple sizing is about simple goals and living a simple, more practical lifestyle. By embracing the concept, you are making a major, conscious decision to re-evaluate previous decisions and even beliefs. But it's so that you can pursue more realistic and attainable objectives in the current environment. The results are a more easy to manage and comfortable lifestyle. The idea is not too big, not too small. Not too much, just exactly enough. It's a delicate balance. Let's find out more!

So what exactly is this so-called simple sizing trend? According to a survey on Opendoor, more than 75% of Americans are actively interested in downsizing, including getting rid of unnecessary possessions. People want less clutter and more balanced lives. The survey also said 84% of people reported that focusing on necessities over things that are nice to have is an important part of simple-sizing. Millennials want practicality; they want realistic expectations and manageability.

Simple-sizing involves taking intentional steps toward a simpler strategy of living. It means changing your idea of what the ideal life looks like, as well as the ideal dream home. The trend towards simple sizing has shown that people are choosing smaller-sized houses in more remote locations. In fact, over the past three years, 62% of people have changed what they desire in a dream home. Many people also stated health concerns as being high on their list of reasons for re-evaluation. The pandemic has obviously made a huge impact and has put new things in perspective.

If you're house-hunting, one of the most important things to consider is how much square footage you can afford. When you consider every square foot has a median price tag of approximately $202, a large house doesn't sound quite so appealing. A bigger house also means a lot more work! If you're unsure, you can estimate your square footage by allocating 600 to 700 square feet per person. So if you have four people in your household, you'll probably want about 2,400 square feet. Figure out what you actually need and can afford.

Another thing to consider space-wise is your current furnishings. Make sure any potential house has enough storage space for your belongings. Additionally, what type of floor plan will work best for you? Do you want an open or a closed floor plan? The main thing to remember is to keep your house goals attainable. Simple-sizing uses a downsizing strategy to utilize space maximally. Figure out what's most important to you and re-evaluate your dream house if necessary to become a real possibility.