Why does “new home” need to be synonymous with “large home?” It doesn’t! The truth is, although we often think of new homes for sale as being oversized houses on small land lots, there are plenty of new communities comprised of homes that are a practical, down-to-earth size for the average family. One such development is Asbel Estates in Land O’ Lakes, Florida, an MI Homes community near Tampa. 

Asbel Estates is a charming community of one and two story homes on conservation homesites. Complete with parks, ponds and tot lots, this community is ideal for first-time buyers, move-up buyers and empty nesters. Located in the desirable Pasco County School District, Asbel Estates is convenient to shops, restaurants, entertainment, Suncoast Parkway, Tampa and the Tampa airport.

What isn’t Asbel Estates? It isn’t a series of identical big-box homes, rife with more bedrooms than buyers know what to do with. It is, however, a place for those who need a reasonably sized home at an affordable price. How affordable? Prices start at $149,990 for 1,308 square feet, and up to $289,990 for 3,393 square feet. Plus, with MI Homes' The Power of 8 promotion, another $8,000 in options - on top of the current (but soon ending) $8,000 homebuyer tax credit - is available to make buying even easier!

Could scaled-back homes be the next big trend? Perhaps prospective buyers should begin examining this as a viable option; after all, they may eventually be among the most readily available types of homes on the market.