There’s a good chance you’ve heard of the tiny house craze that’s become an international trend as of late. It’s even turned into various popular HGTV shows, such as Tiny House Hunters. If you’re an investor, you’ll love them because of how affordable they are to purchase. If you’re a renter, you’ll love them because they beat renting an apartment in every way possible, and they’re the same price.
Why Tiny Houses?
With growing popularity, many are left asking…why go tiny?
Affordability
If there’s such thing as “affordable” anymore, tiny houses are the closest you’re going to get. It seems the cost of everything is on the rise. For those who aren’t married, or have someone to split the cost of rent or a mortgage with, the cost of an average 3 bedroom home is over budget, and leaves them scrambling for affordable apartments, which are hard to come by. Tiny houses cost very little to build compared to a typical home, so with lower mortgage payments and total investment for the property owner, rents don’t have to be nearly has high to command a positive and respectable cash flow. It’s mutually beneficial for the landlord and renter.
Location
As long as the desired area has lots that are reasonably priced, Tiny Houses can be built anywhere. That means the best areas with the best markets can be targeted. Most of Southwest Florida is begging for affordable housing that isn’t in a bad area, and that people can be happy and proud to live in. Whether you’re interested in North Port, Port Charlotte, Lehigh, or Cape Coral, the numbers tend to be roughly the same. As of the date of the article, tiny houses are approved for the City of Cape Coral, but a location to build them hasn’t been designated. Otherwise, they are ready to go in surrounding cities.
Maintenance
Being a brand new property has it’s obvious benefits. Everything is brand new, so landlords and tenants both don’t have to deal with things breaking for quite some time. However, the fact that our homes are built with solid concrete walls, metal roofs, and are outfitted with impact glass windows means even further savings.
Ammenities
So, you might think there’s a catch to the affordability part. Most would assume these homes come with basic builder grade materials, nothing special, essentially just a box to live in. Wrong!
When going through the design process, we took into account longevity of the home, along with style. Rather than use particle board cabinets, carpet, and formica counter tops, we did the opposite. Granite tops, hardwood cabinets, and a 25 year commercial grade gorgeous vinyl flooring is the standard in these homes.
The Numbers
On average, these will be renting for around $1100 per month and will vary depending on location, slightly, and will be adjusted for the market by the time they are built. For investors, these will come in around 130K on a lot with a 25% down payment. For more detailed numbers and information, you can simply use the chat function on this page and we’d be happy to share them with you.
What do you think?
Being able to offer affordable housing that looks new, clean, and pleasing to the eye isn’t easy. That’s why we’ve put a lot of time and effort into designing and planning this project so it fits into the local market, and people can live in a place they are proud of.
We’d love to hear your thoughts on this project! Go ahead and email chaag@douglasrealty.net for more information, or drop us your opinion!
