Home Lot Size And What It Means To The New Home Buyer

Tuesday, September 13, 2016 - by Chris Mabee, president of Home Builders Association of Greater Chattanooga

The gridiron of American football is a battleground where strength, speed and endurance are measured. It also provides a nifty frame of reference for a variety of other measurements, including the size of land on which today’s new homes are built. Interestingly, these lots are getting smaller and smaller.

According to the U.S. Census Bureau, the median lot size for new single-family detached homes in 2015 was less than one-fifth of an acre — the smallest on record. Using a football field as our measuring stick, just 5.6 of those lots would fit between the goal lines.

But not all regions of the country are equal when it comes to the size of lots. New England typically has much larger lots than other areas due to its population density regulations. But in other regions, median lots range from .15 acres to .30 acres. The median lot size here in the East South Central Region, which includes Tennessee, is 0.30 acres.

Focused on Features

Though lots are reportedly getting smaller, one could argue that it’s not their size that matters most, but rather, it’s the features within those structures.

So what are today’s homes most sought after features? That usually depends on the buyer. A recent survey from National Association of Home Builders compared the preferences of different age groups and found that older generations tend to look for single-story, smaller homes (under 1,900 square feet), while the younger generations lean more strongly toward two-story, larger homes (at least 2,300 square feet).

Regardless of age, buyers consider many of the same amenities to be either desirable or essential. The list of the most popular amenities includes Energy Star-rated windows and appliances, a full bathroom on the main level, and exterior lighting. Topping the list as the single most-wanted feature in a home: a designated laundry room.

Desirable Communities

When it comes to the features of the surrounding neighborhood, most of the home buyers reported the same amenities at or near the top of their most-wanted lists: A community that’s typically suburban, with close proximity to a park area, and has access to walking/jogging trails. Most also want to be in a community near retail locations.

For more information on building trends and the availability of new residential construction in Chattanooga and the surrounding area, contact the Home Builders Association of Greater Chattanooga at 423-624-9992 or visit www.hbagc.net.    


TVA Employees Teach Girls To Be UnBought And UnBossed

Form Based Code Committee Does Not Allow Large Building Signs For Westside Village

New Condo Project Planned On Hill Above Cherokee Boulevard In North Chattanooga


Two TVA employees were recently honored by Girls Inc. at the UnBought and UnBossed Awards. Nicci Brewer and Kayla Verner-Dingle were recognized for their career achievements and community ... (click for more)

The Form Based Code Committee decided on Thursday not to allow rooftop signs on two buildings that are part of the Westside Village in the southern portion of downtown around Chestnut and Pine ... (click for more)

A new condo project is planned on a hill above Cherokee Boulevard in North Chattanooga. The project will have 26 condo units with space for 52 parking spots beneath three stories of condos. ... (click for more)


Real Estate

TVA Employees Teach Girls To Be UnBought And UnBossed

Two TVA employees were recently honored by Girls Inc. at the UnBought and UnBossed Awards. Nicci Brewer and Kayla Verner-Dingle were recognized for their career achievements and community involvement, which have positively impacted the lives of young women. Ms. Verner-Dingle is a TVA nuclear engineer who volunteers with the Girls Inc. Bookworm Program, Chattanooga Girls Leadership ... (click for more)

Form Based Code Committee Does Not Allow Large Building Signs For Westside Village

The Form Based Code Committee decided on Thursday not to allow rooftop signs on two buildings that are part of the Westside Village in the southern portion of downtown around Chestnut and Pine streets. One request was to put a sign that said Old Gilman Grill across the top of one of the Westside Village buildings at 216 W. 8th Street. The sign was to have been placed on screening ... (click for more)

Breaking News

Portion Of Interstate 75 Between Chattanooga and Cleveland To Get Extra Lanes

State officials said a portion of Interstate 75 between Chattanooga and Cleveland will be widened. The project will add one lane in each direction. It will take it from two lanes to three from north of U.S. 11/Lee Highway in Hamilton County to near Exit 20 in Bradley County. It was included in this year’s multimodal program to tentatively receive right-of-way funding in FY ... (click for more)

Proposed Changes To Short Term Vacation Rentals Get Hosts Fired Up, But No One Claims Revisions

Proposed changes to the city's Short Term Vacation Rentals program were set to go before the City Council next Tuesday, but that now appears to be off the table. Councilman Darrin Ledford said he had been set to discuss the topic brought forth by Councilwoman Demetrus Coonrod at the planning and zoning committee Tuesday. However, administration officials said they had their ... (click for more)

Opinion

How Can City, WWTA Get Away With Chronic Sewage Discharges Onto Our Streets?

A wastewater or service utility is simply a defined service in exchange for a fee. What if I pay a utility fee in exchange for a defined service, and the utility fails to deliver the service as agreed? As an example, I pay a private solid waste collection service to collect, transport, and dispose of garbage. Municipalities also operate waste collection and disposal. ... (click for more)

Roy Exum: Just Say ‘I Love You’

A dear friend sends me a note that his mom, after 40 glorious years of teaching children in public schools, is dying. The death of a mom or dad is among the worst things a child must bear, watching a parent in their final days. But I still marvel at the fact when Helen Exum died four years ago, not once did I cry and I’m a pretty emotional guy. The overwhelming reason I could ... (click for more)