As everyone’s IRAs hit the skids in early 2008, so did the demand for larger houses causing a lot of the chaos still being ironed out in the real estate market. With the lack of money came a desire for a smaller scale home that worked and the square footage average dropped by over 300 square feet.
Many of the newer residences are even being built from salvage parts further reducing their costs. Many of the smaller scale houses that are being built are utilizing wood from old barns that are being torn down, or even older homes that are no longer able to be occupied.
The comparatively low price of 40-90 thousand dollars for a little home illustrates their true value, especially when viewed in the light of homeowners still receiving luxuries like modern homes.
The small residences one California builder makes can be put on a foundation or on wheels. The retail costs for his plans are around one thousand dollars and they are erected for the mid thirties. He says that building a small home is similar to having a suit tailored to fit. As with any custom home, each small home showcases the exact desires of the homeowner it is designer for. Given the limited amount of space, many of the small residences have built-in space saving features and can store as much as larger residences.
When big businesses like Home Depot and Lowe’s get into the business of selling home kits, you know that it is becoming a growing trend.
Given the tendency of people with extra room to accumulate more stuff, the smaller home size helps many people deal with the materialist nature we all tend to have. Most homeowners are deciding to buy the more humble residences over the preferred “McMansions” of the latent past few years.
Many people prefer the modern features of larger residences, but you do not have to go without when you buy a smaller home. They smaller scale residences even feature amenities like claw foot tubs and double door refrigerators for those of us who prefer those appliances. With economy in mind and luxury featured, these home are drawing a higher degree of green buyers too.
Featuring reduced energy costs and lower mortgage payments, smaller homes are really an easy sale. residences that have conventional ceiling heights of about 8 feet have a record of reduced energy costs. Regardless of if the climate is hot or cold the energy efficient traits of smaller houses pay off due to the fact that you are treating a smaller scale volume of air.
In addition to the previously listed traits, a smaller home will also increase the best use of your building lot in many ways. With more room on your lot due to the fact that you home now takes up less space on your lot, you can use your lot to put up solar panels, solar water heaters or grow your own veggies. Putting up that extra concrete pad for a basketball hoop may even be a reality!
The author enjoys writing articles on homes in Meridian Idaho and Meridian Idaho real estate.
