Homebuilding Trends: Small Lot Homes Are Becoming Hot in Parts of The Country

Small Homes on Small Lots Are Getting Chic: How Would You Like To Live in a 3,000-square-foot Home on a 4,000-square-foot Lot?

Most parts of California are still the frontier of real estate. They have lots of arable land, farmland that is not for sale. Preservation groups are trying hard to buy them up to prevent them from being swallowed up by advancing progress brought by developers and national builders. But with the recent increase of most California populations according to the recent survey, there will always be a need to build more homes in the state. More and more people will need shelter. This need is understood in the context of the internal migrations forcing people from the Bay Area, Orange County, for example to relocate to more abundant space and cheaper housing found in the heart of California farmland. What is clear is that these migrants bring with them a certain lifestyle and modus operandi. When they move to the Sacramento counties, they fall for the small lots developed by builders such as KB and Beazer homes. Nowhere is this lifestyle shown more pronounced than in El Dorado, Placer, Sacramento and Yolo counties. In the fast-growing Natomas community which is North of downtown Sacramento, it has become cool to live in a small house. For the most part, that is good news for the equity refugees of the Bay Area who come with lots of cash on hands after selling their homes. Because land in the Sacramento region is expensive, builders are compelled to squeeze as many houses as they can on small lots. That is why they come up with 3,000 square-foot homes for which buyers have to pay top dollars. Go to El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties, and you will see what type of impact young families are having on the landscape. Being used to the urban lifestyle, they do not complain too much about buying a small home. Smaller-lot homes are great for first-time homeowners in the Sacramento counties. That does not mean the end of huge lot home has arrived. Those who want it will have to fork over a lot more money. Is this something we are going to see in the rest of the state? Maybe, forces of the market will correct things up. As the housing market cools down, there may not be any upcoming lottery to buy lots in advance. Some builders and developers are reportedly getting rid of too much inventory and land space. In the Central Valley of California, to avoid paying high taxes on the land they hold, many builders are irrigating the dirt to give the semblance that the land is still reserved for agricultural purposes despite the huge signs inviting visitors to purchase parcels. What land experts are happy about is the fact that land is finally used efficiently.

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