I have been licensed since 1992 and have seen changes in the size of homes over the years. When I first started and showed homes ove 30 years old they mostly had 3 bedrooms and one bath and a tiny kitchen . The homeowners raised 3 or more kids in the homes and had no problems. The closets were really small. People cooked a lot and managed in those tiny kitchens.
Homes built in early 90s had 2.5 baths and bigger closets. These two things made buyers who bought a home in the 90s want to buy these homes rather than buy an older home. As more women started working outside the home people could afford more expensive homes .
The homes started getting larger and builders built a living room and a family room in homes along with two and half baths and walk in closets. We had lots of move- up buyers for these homes.
I do not know at what point we started having McMansions and homes over 3000 sq ft became common.
At some point home owners realized that they rarely use the living room but use the kitchen and family room a lot.
Buyers these days prefer smaller homes and can manage without the living room. They do need a study or home office or sitting room in Main bedroom and gourmet kitchen and great room.
Real estate is local. The above is local trend in Philadelphia and suburbs.
If you are thinking of remodeling your home and have only one bath, you should if at all possible add an additional bathroom or powder room. It is difficult to sell homes with only one bathroom.
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