Small is the new big?
Sunday's Dream Home feature shines a spotlight on Ken Smith's six-room house in Kingsville. Not six bedrooms. Six rooms, total.
The size was part of the appeal for Smith, who liked the idea of an equally small heating and cooling bill and less space to clean.
This reminded me of an interesting conversation I had recently with appraiser Michael Casella, a partner with Muller-Casella Associates in Towson. Small -- or at least smaller -- is where the action is, he said.
"Two years ago, it was all about building a bigger one," he said. "'I can build a bigger one than you can.' Really in a relatively short period of time, it has stopped. There are areas where the 2,800 square-foot houses are selling for what the 4,000 square-foot houses are selling for."
He figures people are pricing in the electricity costs, taxes and maintenance, and opting for less than buyers did a few years ago. He also thinks a lot of people are downsizing.
(Want to look at Smith's small house? The photo gallery is here.)