What Is Micro-Housing And Is It For You?
So what exactly is micro-housing? Well, a micro-housing unit is usually a living space that is somewhere between 220 square feet and 375 square feet. Due to a high demand for affordable housing, these micro-housing units are becoming very popular in the major cities like New York and Boston.
This is a great middle class housing solution that comes with a pretty hefty price tag. A micro-apartment is like a studio apartment but much smaller. These micro-apartments require some pretty creative space saving ideas to make them work effectively. Think Murphy bed and portable furniture.
New York currently has a law that any apartment that is built must have a minimum of 400 square feet. However, that is changing. Mayor Bloomberg has a micro-housing project that will have 55 micro units in it with sizes varying from 250 square feet to 370 square feet and they are being rented for $2000 per month for people who make less than $75,000.
New York City is one of the most expensive cities in America to live and they have about 27% of their citizens who live alone. The single segment of our population is flocking to big urban cities that are already overcrowded; therefore, creating an even greater demand for these micro-apartment units.
Many New Yorkers believe, however, that they have already cut enough corners just to live there and now they are being asked to cut their living space as well. It is believed that these smaller spaces with inflated prices will just make the larger living spaces more expensive and unattainable. And this will cause many people to give up on ever owning their own home there.
However, some singles like the idea and are willing to give up a little space just to be able to live there. So it appears that, just like anything else, there are two sides to this argument.
Is micro-housing for you? Well, only you can decide that. Do some research and call your realtor to get some advice. Your realtor will be more than happy to show you a few of these micro-apartments so that you can make an educated decision as to what will work best for you.
So call your realtor today and talk to them about where you would like to live and your plans for your next home. Your realtor has helped many people with many different types of housing and they can help you too!
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About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to firstname.lastname@example.org or contact office 772-224-1634