However, if you've been paying attention to the way home sales have gone over the past few years, you'll notice that smaller homes start selling faster than many of their larger competitors. Tiny homes can be harder to sell for a number of reasons. They are usually narrower and harder to live in. However, size isn't the only factor that matters when it comes to selling a property.
In real estate, location and price have a much greater influence on how quickly a home is sold. Tiny homes have better resale value than small homes. In fact, small homes tend to have better profit margins and sell faster than smaller and larger homes. Financing, which is often one of the least fun experiences of buying a regular home, can be even more problematic.
For example, if you're selling a tiny house built on a foundation, and the value of that land you're sitting on is higher at the time, you'll make some money when you sell your tiny house. Most small houses are not built as permanent housing, but as structures that can be moved easily and on demand. Use these tips to shift buyers' focus from square footage to future cost savings, and the home will be well on its way to selling. Homebuyers are concerned about climate change, as lighting, heating, and cooling a tiny home has minimal impact compared to a more typical 2000 square foot home.
Many people consider tiny homes to be vehicles, especially if they are small mobile homes, which means that they lose value for the same reasons that vehicles lose value. Also, if your tiny home is on a small lot, research property taxes on larger lots so your agent can point out how much money prospective buyers will save on taxes. The city of Los Angeles is particularly leading these efforts, building several small villages that have even been hailed as a model for the rest of the country. Prospective buyers looking for these homes may be interested in them because they are cheaper, so sell them that way.
Saenz's son, Travis, said the company has been in contact with a local university to build small houses for homeless students. This example compares small homes to collector cars, but many small homes are custom built and specifically tailored to homeowners' preferences. Another goal for Marshall is so-called caregiver housing, also known as “granny flats,” which allow a person to live on land that is not zoned for an additional home. Many sellers focus on the size factor when selling these homes rather than what the tiny house lacks and what buyers really want.
According to All About Tiny Houses, the value of small homes is more like mobile homes and cars than conventional homes. People who are shrinking are reconsidering all that extra space in large homes, so it's your job to show that your smaller house has enough space. When markets are full of buyers looking for the exact home you are selling, it will certainly be beneficial, as prices will increase and you could end up selling for more.