Special offer

Small Space Living

By
Real Estate Agent with Realty Pro Albuquerque

Is there anyone out there who specializes in studio living--not large, sweeping, open loft spaces but places like the 350 square foot Manhattan co-op my recent client sold? She was ecstatic to find a two bedroom two bath condo in Santa Fe, NM that gave her twice the space at half the cost.

I realized that the place was tiny by most local standards but it is in an amazing complex with duck ponds and trees and winding footpaths. It is Pueblo vernacular style complete with a kiva style fireplace and a balcony that overlooks one of the duck ponds. Because it is well designed, there is enough storage and skylights make it feel open and bright. The french doors that open from the living room to the balcony make the space feel very open and larger than the actual square footage. She is on the second floor and the steps going up to her door are wide plank boards reminescent of old Santa Fe. Here's a link to the property.

http://www.tierradezia.com/zia_new007a.htm

New York City, Tokyo, London, Paris are all amazing cities that are nothing if not cosmopolitan. One of the things they share is that many of the residents live in (by American standards at least) very small spaces. They also walk more because not only are things within walking distance but since they have less space they shop more frequently and buy less because they do not have room to store it.

I think that smaller home will continue to become more and more popular as people tighten their belts and look for practical ways to downsize. Boomers, in particular,at least the ones moving here, I have noticed are tending to look for town homes and condos partly out of an awareness that they represent a more sustainable form of building but more because they are looking forward to spending time traveling, volunteering or pursuing a passion and they no longer want their shelter and the stuff in it to own them.

Posted by

Katharine Fly
Weichert Realtors, The 505 Group - Clovis, NM

Take a look at the website www.notsobighouse.com. It is all about thinking outside of the box and making the most of spaces.

Homes range from crazy tiny to moderate homes that make the most of their spaces.

There was also a book of house plans that I recently saw at our local Hastings. Very cool.

Katharine Fly

Clovis, Nm

Sep 22, 2008 06:40 PM
Deb Hurt
Realty Pro Albuquerque - Albuquerque, NM
ABR, e-Pro,Green, TRC

All of her books are wonderful. That one was the first in the series. I think my favorite is OUTSIDE THE NOT SO BIG HOUSE because so often we forget that our environment includes the area outside the walls too.

I was more asking if anyone has made this a niche that they are working and what kind of business and buyers they are finding for this type of home. Thanks for putting the link to the website!

Sep 22, 2008 06:50 PM
Katharine Fly
Weichert Realtors, The 505 Group - Clovis, NM

Ahh. I would just be happy if we had a few garden homes for sale around here in Clovis. We have a need and builders are only interested in building 2000+ sq ft homes on tiny lots. I would have numerous buyers for smaller green homes in a subdivision with walking trails, ponds, play areas. Clovis isn't quite big enough yet, but we are growing.

Buyers I would see for this type of home would be young professionals, retirees, military buyers, etc. Good luck!

 

Sep 22, 2008 06:57 PM
William Collins
ERA Queen City Realty - Scotch Plains, NJ
Property and Asset Management

Deb,

Thanks for the post. Given the state of our economy and the cost of living, I can see a growing market for smaller and more efficient living paces.

Sep 23, 2008 04:43 PM
Deb Hurt
Realty Pro Albuquerque - Albuquerque, NM
ABR, e-Pro,Green, TRC

Katherine,

Yes, we have a good number of each of those kinds of buyers and some people just downsizing because of the economy.

William, I think you are right....I think you meant to say living places but a slower pace of living is becoming very appealing to a lot of people too!

Sep 23, 2008 04:57 PM