Small houses are continuing to gain more and more popularity with home buyers, even selling faster than larger properties.
So why are these space savers such a hit?
- Less Maintenance
Keeping up with a large home can become a lot of work, especially for younger or older families.
A smaller house is easier to give a “homey” touch to as the indoor and outdoor maintenance is a lot less and easy to keep up with.
- Affordability.
In an unpredictable economy, where market prices are rocketing, buyers have had to revaluate what they can afford. Many buyers actually consider smaller homes a smart investment, and thoroughly believe in sacrificing space for cash.
- Trends
Popular design TV shows and articles that are often showing off small areas being made into beautiful and well-functioning spaces is what helps in contributing in the boosting of the tiny property demand right up to the same level as multimillion-rand properties. These TV shows and articles show buyers that you do not need to see your little space as “cramped” but rather as an endless amount of creative possibilities.
- Location over size.
Square footage is not a buyer’s main focus anymore, it’s all about location, location, location.
Buying a smaller home in a better looking neighbourhood will always beat buying a bigger home in an unpleasant neighbourhood.
Final thoughts – size is a thing of the past and your pocket is what really counts. Small houses seem to be taking over and this is a trend you don’t want to miss out on.
