One of the more interesting crazes to hit the US real estate market this past year was the concept of tiny homes. What's a tiny home, you ask? As its name suggests, a much smaller, simplified non-traditional housing unit. Tiny homes average at about 200-400 TOTAL square feet (whereas the traditional single-family home averages at about 2,500 square feet), while still offering all of the must-have amenities that traditional housing offers (kitchen, bathroom, bedroom). You may have seen many of these types of homes recently popularized by TV shows on HGTV, but if you're still wondering why someone would want to give up all that extra space that traditional housing offers, consider this. This article from Realtor.com crunched the numbers to show what it would look like if each person in the United States adopted this new housing trend. The top reasons why folks are switching to the "tiny lifestyle" are numerous; the costs of traditional housing may be out of their reach, and costs of maintenance are also higher. Some may also just want a simplified lifestyle. If you're not spending much time at home, then why bother having a house that has more than what you need to live happily? One thing's for sure though - seeing these charts from Realtor.com really puts things into perspective when it seems we continue to hear about population increases and housing shortages each day on the news.
Every season of the year yields unique events, activities and a special list worth untold dollars that we like to call “The annual fall maintenance schedule for home owners!”
This is the post you want to read, heed and share to all your online outlets because this will make you the SAVINGS ADVOCATE HERO of your social circles!
We start off with one important question you need to ask: How much money can this list save me? Let’s take a look at some real numbers about not so much the cost, but more significantly, the SAVINGS of completing the autumn checklist of To Do items around our homes.
BEGIN WITH THE USUAL SUSPECTS
1. Everybody’s favorite, the gutters and downspouts clean out! Those clogged gutters can lead to damage to fascia, soffits and even cause roof damage. Repair or replacement can run from $50 per section and up into the thousands of dollars!
August 2016 Snapshot
Source: REColorado | Information deemed reliable but not guaranteed
Depending on the perspective from which you are viewing the market, you could find reason to be pessimistic. However, taken as a whole, the picture that’s been painted over the last 8 months is by and large a positive one.
Most of the activity we’ve seen in this almost three quarters of 2016 offers plenty of cause to view the market in an optimistic light. Nationwide, new home sales have risen almost 32% year-over-year and are at the highest peak they’ve seen in the last 9 years. Month-over-month sales are up more than 12% in most areas.
New home builders have responded to consumer demand by picking up the pace and, according to The National Association of Home Builders Chairman, Ed Brady “…conditions have been improving. As existing home inventory remains flat, we should see more consumers turning to new construction.”
While inventory levels aren’t quite where we’d like to see them, flat may be a slight exaggeration.
Most importantly, the biggest building surge we’re seeing has been in lower-end, affordable single family housing as opposed to high-end, condo or multi-family units. This is important to the market because right now, the greatest demand is for single family homes.