A client of mine is the Construction instructor at the local Vo-Tech school. The other day he asked me to come in and speak with his class about the possibilty of building a Micro House and selling it on the open market. I had never heard of such a thing before so I started doing some research on it. The idea that they have is to build a 250 square foot home that would have a kitchen, full bath, living room and a loft bedroom. It would be a fee simple ownership with public water and sewer. Price would be quite reasonable as they aren't able to make much of a profit so they would be selling for cost plus 15% and their cost involves no labor cost, only materials. I've been looking at a few lots for $10,000 to $15,000 for them so my best guess is that the cost would be under $50,000 possibly far less than that.
My question is that do you think there is any kind of demnad for a home like this? Lately in our area there has large push for "Affordable Housing" since the least expensive new home you can purchase is around $185,000. Has anyone had any experience with homes like these at all? I'd like to think that at the right price someone would buy.
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