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Personally, I'm not quite ready for a "tiny home" but I've often wondered if an actual neighborhood would ever take off in Charlotte. The price looks good too. Welcome to Keyo Park!
Personally I love the idea of tiny house living. I think as humans we value possessions way too much (myself certainly included) and living simpler doesn't mean being worse off.
For me the appeal is retiring earlier. If an average mortgage is around 1200-1500 per month in the area you are able to put potentially $1k into savings per month! That's not even factoring in cheaper living expenses as you aren't heating/cooling nearly as much square footage nor would you be spending as much on "stuff" as you just don't have room for it.
I get a kick out of the new Tiny House Paradise on HGTV now too. Seeing these tiny houses in tropical locations like Costa Rica or Hawaii and being affordable is great. Obviously if you are in a cold climate it might be a little different as the typical trade-off is less inside space because you're trading it for being outdoors.
Glad to see this planned neighborhood is houses and not on wheels. I wouldn't like the appeal nearly as much if it was basically a tiny mobile home and I was living in a mobile home park. Your investment would go south quickly whereas with houses on foundations I think your investment has more potential, even if you are in a niche market.
Think I will go check out the open house coming up August 19th!
Pricing starts at $89,995 for a lot and a one-bedroom, one-bathroom 493-square-foot home
Yikes
I don't know what it costs to put a new home up in this area, but that does seem a bit steep.
Quote:
Originally Posted by Wolf Howl
Personally I love the idea of tiny house living. I think as humans we value possessions way too much (myself certainly included) and living simpler doesn't mean being worse off.
For me the appeal is retiring earlier. If an average mortgage is around 1200-1500 per month in the area you are able to put potentially $1k into savings per month! That's not even factoring in cheaper living expenses as you aren't heating/cooling nearly as much square footage nor would you be spending as much on "stuff" as you just don't have room for it.
There is an appeal to be debt free...that would be my draw.
The ultimate floorplan (for me) would provide 850 square feet of living space, as it would allow plenty of space for storage. But I am glad that there's an interest in micro houses in this area...some are quite creative, and the idea of being less wasteful is certainly appealing.
That comes out as $182.5 a square foot, if memory serves my house is $85 a square foot.
Current average for around here is about $110 a square foot.
So I think they are really charging premium and off course that is just the starting price.
I find the tiny house movement to be interesting but, I'm pretty well convinced it's a fad that will eventually fizzle in most areas. The only way I can see it working is in the Goldilocks areas where there is land to build on close to a major metro area that commands a premium but, not enough of a premium to be the super posh let's build a mansion type of area.
I'm curious how the financial side of it works. Are people mostly paying cash for these things? Because I'm not sure how you convince the bank your house is worth double the average per square foot just because it's small. I'm also not sure I'd want to try to sell it afterward.
Sure, but the tiny houses aren't being built in those areas. It's a better comparison to look at prices per SF where they are being built. While sales data shows homes with smaller SF tend to sell for slightly higher per SF prices than larger homes in the same area, $185 a SF isn't only slightly higher for that area. It's WAY, WAY higher.
this is a backazzzward concept. I like the idea of downsizing or minimalist but the price point is insane. Why should I have to pay a premium for a 1 bedroom?
I currently live in a 1200 sq ft house that's probably $100 a sq ft.
I only like this concept if it's in a tropical paradise or a home in the mountains.
Sure, but the tiny houses aren't being built in those areas. It's a better comparison to look at prices per SF where they are being built. While sales data shows homes with smaller SF tend to sell for slightly higher per SF prices than larger homes in the same area, $185 a SF isn't only slightly higher for that area. It's WAY, WAY higher.
Right.
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