Americans are dreaming of more elbow room when it comes to their homes according to a new Trulia poll of 2,000 people. About 40 percent of respondents said the footprint of their current home is ideal, while 43 percent said their perfect space was bigger.
So much for micro units – only 16 percent said their dream home is smaller.
Many of the Baby Boomers polled would still prefer to super-size their digs. Though more boomers are headed for retirement and, one would think, down-sizing now that their kids have flown the coop, this generation still wants its space with 26 percent saying they’d prefer larger living quarters. On the flip side, 21 percent said their ideal was smaller. Generally, Baby Boomers are a content lot, with 53 percent saying they’re currently living in a home that’s the ideal size.
Of the Gen Xers surveyed, 38 percent said they’re living in a perfectly-sized space, 48 percent said their ideal was bigger, while just 14 percent would prefer something more petite.
Trulia noted this generation bore the brunt of the 2008 housing crash, meaning they may have had to settle for smaller quarters. They’re also in their peak child-rearing years, which certainly affects feelings about space.
“With kids bouncing off the walls, the place may be feeling a tad crowded,” wrote Trulia housing economist Ralph McLaughlin. The poll also found that regardless of generation, 39 percent of respondents with kids wanted a bigger home.
Unsurprisingly, Millenials are the most eager for extra square footage: 60 percent said their ideal residence is larger than where they live now — the largest amount among the generations. This makes sense: how big was your apartment when you were 24?
Plus many Millenials are still living with Mom and Dad. According to the New American Community Survey from the US Census, between 2009 and 2013, roughly 30 percent of Americans between the ages of 18 to 34 lived with at least one of their parents. In the Miami metro area, that number is as high as 41.68 percent while the New York metro has a rate of 39.36 percent.
Trulia’s poll also found that a little over 13 percent of Millennials said they’d rather have a smaller home than their current living space.
Aside from the generational differences, those in the suburbs seem to prefer even more space: 42 percent had a bigger ideal compared to 16 percent whose perfect home was smaller.
It all begs the question: does any subset of the population have a strong urge to downsize? The poll found that among respondents living in dwellings bigger than 3,200 square feet, 26 percent wanted to downsize. Still, 25 percent of them still wanted to upsize.