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Building Micro-Homes in Portland
A Portland developer is starting a 29 dwelling site of micro-homes ranging from approximately 360+ to 650+ square feet. The houses prices are yet to be determined.
It is located in a bike and transit friendly part of the city, which is essential as there will be no room for anything more than limited street parking.
As an appraiser, I have run into lending issues with dwellings under 500 square feet and I'm not sure if the developer is offering financial assistance.
Other than the forementioned issues, I'm excited to see if the public will envelope the idea (especially as we just purchased a tiny house of our own recently, but that will be the topic of a later blog).
Here is the link to the news story.
Here is a link to the developers page.
              
 
Update 11/15/2011:
 
According to D.R. Horton, over 50% of these micro homes have been sold.
My only current thought is 'how do you fit 2.1 bathrooms and 2 bedrooms in 687 square feet?'
More articles:  KGW
                     Sustainable Business Oregon
                     Building News
                     Portland Mercury
 
... more

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