In recent years, the answer was to call a contractor to make it bigger. However today’s soft housing market and high-dollar home equity loans have tempered consumer spending.

Here’s how to maximize your home’s space without increasing its square footage.

1. If your refrigerator backs up to the garage or closet, many times it can be recessed so that there is more kitchen space.
2. Multifunctional furniture is critical. Storage ottomans serve as coffee tables and a place to conceal items when unexpected guest arrive.
3. Tankless water heaters save space and money.
4. Table and floor lamps add clutter. Recessed can lights free up valuable floor space.

Most importantly, small homes encourage family interaction; they are less expensive to power not to mention quicker to clean.   

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