Real Estate Investing Q&A
Sunday, December 31st, 2006Question: Joyce, the decision to buy a larger home is making me very anxious. I know that I should be looking at energy efficiency and a smaller place but those homes just do not appeal to me. Am I out of line with the trend?
Answer: Despite rising price for heating and cooling, size still matters to home buyers. The size of new homes last year climbed to 2,433 square feet on average from 2,349 square feet in 2004, according to the National Association of Home Builders. That’s up from 2,095 square feet in 1995, 1,905 square feet in 1987 and a mere 1,660 in 1973.
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