How do you feel about tiny home living? CNN reported a survey done by the National Association of Home Builders that states “…more than ½ of Americans would consider living in a home that’s less than 600 feet” and among millennials, interest has increased 63%. Personally, I think it’s the idea of reducing the carbon footprint and the minimalist movement that drives the desire to live simple. Less is more now.
According to CustomMade.com more than 50% of 18 – 34 year olds (Millennials and Generation Z) are renting because they can’t afford a down payment. Those same generations are keen to smaller living spaces. Soren Rose reported to CNN that “tiny is inevitable”, smaller homes are attractive and novel, they combine form, function and freedom. All necessary in today’s market. The main idea is to have “experiences” over “stuff”.
In my opinion, multifamily owners/developers should be building simple living for rent. Tiny apartment homes lined up in a community. They should offer property management and common amenity areas that duplicate standard apartment living. There is already a dense tiny home presence in CA, CO, TX, WI, and FL. Why not? The movement promotes financial prudence and allows for a shared community ‘experience’. On the renter and ownership side - if you weren’t sure about it before, perhaps it’s worth exploring.