homeowners who choose ‘small homes’ as house prices rise

Potential homeowners close the door to standard homes and instead turn to ‘small homes’ as a cheaper alternative in the middle of Melbourne skyrocketing housing prices.

The tiny homes look like standard houses, except they are smaller in size, with bedrooms, bathrooms, showers, lounges and in some cases even laundries – and cost a fraction of the price.

NJ Tiny Homes owner Nick Todd told 9News.com.au that since he started the business 18 months ago, the popularity of the properties has boomed.

Small homes are growing in popularity as house prices rise in Melbourne. (Delivered nine)

They start at $ 25,000 for single pods and cost around $ 115,000 for larger houses.

As house prices rise in Melbourne, potential homeowners have turned to the more affordable solution now more than ever.

Melbourne’s median house price rose over $ 1 million to $ 1,022,927 this year.

“With the housing market these days, it’s extremely difficult out there for buyers to buy a house,” Todd said.

“If someone already had a property, the little house would cost about $ 115,000 – compare it to a normal traditional building – there are costs on the site, everything is set to it – I just took it straight out.”

Some of the small homes look like large caravans on wheels. (Delivered nine)

Some of the houses are almost like smart, big caravans on wheels, making them a winner for people who want to travel.

The prefabricated custom houses take five to eight weeks to be built off-site, where they are then installed on land in just one day.

“It’s just a standard house, but in a smaller version,” Todd said.

Paula Scully told 9News.com.au that she had purchased three tiny homes for a total of about $ 200,000 to use as cottages in Mallacoota in the Victoria region.

The small homes mimic standard houses with kitchens, bathrooms and bedrooms. (Delivered nine)

She said one of the small homes could sleep up to 10 people.

“We have three pods being built,” she said.

“A main house is being built that has a loft and living room, kitchen and bathroom, and then we have another section for my kids, which is a ’10 bedroom pod ‘that sleeps 10 in it.

“We have a block in Mallacoota and they’re being put where the family can go.”

Mrs Scully said she chose the tiny homes instead of a traditional building because of their affordable price and “homely feel”.

The tiny homes are also popular with people who want to buy cottages, as well as those who want to cut back. (Delivered nine)
The small homes are equipped with proper bathrooms, unlike most caravans. (Delivered nine)

“It was just homely, you can move them around if you want, you can change them, you can take them away.

“The good thing is that they are on wheels so you can take them somewhere if you wanted.”

Sir. Todd gives a free $ 25,000 home to a frontline Victorian health worker as a kind thank you gesture for their hard work in the midst of the COVID-19 pandemic.

The worker would just need space outdoors in order for the small home to be installed. They could be used as an office or an outdoor refuge for them to ruin, relax and unwind in.

“These frontline workers – we just have to take care of them,” Todd said.

“I could not have such a job, and I take my hat off to them.”

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