In the design world, bigger is not always better. After all, the smaller the space, the greater the innovation. Residential designers and architects in urban locations are no strangers to resolving the issue of compact lots and homes; but now small is becoming big due to the economic downturn. According to “20/20: IFDA’s Vision for the Future,” a new report from the International Furnishings and Design Association (IFDA),  we can all look forward to smaller houses with smaller rooms by 2020: fully 76 percent of respondents said so, as opposed to only 49 percent at the last IFDA census. And with less square footage, wouldn’t it also follow that home products need to deliver a double-dose of functionality in order to save space? With that in mind, here are three clever products for the home that serve double duty:

1. Cache by Zephyr®

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Cache range hood by Zephyr

Cache’s subdued and elegant design is only enhanced by its ability to eschew clutter and create ordered elegance in the kitchen. Cache offers a spacious storage compartment discreetly hidden beneath a sweeping, understated hood and utensil rail.

2. Profile Smart by Caroma®

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Profile Smart toilet/sink combo by Caroma

The Profile Smart is a compact basin, faucet and dual flush toilet tank in one. The integrated faucet utilizes fresh water for washing hands – just like a typical cold-water tap. The water then drains from the basin into the toilet tank reservoir below until it is used for flushing. Now that’s what we call ingenious , sustainable design!

3. Vesta Fire Table by Stone Forest®

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Vesta Fire Table by Stone Forest

Urban backyards and smaller outdoor spaces don’t have to compromise design, as Stone Forest asks the question, ‘why not combine your fire pit with your outdoor table?’ The Vesta Fire Table’s granite top and stainless steel base provide a safe, sturdy and eye-catching vehicle for producing warm outdoor flames—and a table for alfresco entertaining.