Will tiny homes hurt your property value?

Posted at 11:17 PM, May 23, 2017
and last updated 2017-05-23 23:18:08-04

Tiny homes are becoming pretty popular thanks to networks like HGTV and could make their way to southwest Florida. Cape Coral City council recently decided they're open to the idea of cute and compact homes in the area.

The homes run anywhere from 600 to 800 feet and give people more of a variety to choose from.

"They're very economical and they're actually more spacious than you think with all the storage solutions available," Cape Coral resident Jackie Chanda said. "It's a wonderful option I think should be available communities. A tiny house near the water would be wonderful."

Tiny homes are fully equipped with appliances and have enough space to fit pretty much everything you need, crawling space included. While every home is custom built, it's not an ideal fit for everyone.

"I wouldn't be able to live in a home that size for sure," Cape Coral resident Kara Miller said. "I don't think I could get used to such a small space with a family."

The compact spaces full of charm are all the rage right now and ever since the city has said yes to tiny homes, Britany Weaver with Experience Realty Group tells Four In Your Corner people are pretty interested.

"They're kind of the craze right now," Weaver said. "I think more people are leaning towards simplicity and charm than taking the time and spending the money to upgrade."

Four In Your Corner asked Weaver if she foresees tiny homes hurting the value of your home.

"They're not comparable," Weaver said. "It's a nice quality product that will draw more people to the Cape. The city is going to have a certain area and a certain zone where they're going to put these properties you're not going to be able to just slap them on any lot in Cape Coral."

The city has much more to decide before any tiny homes are built. Weaver tells Four In Your Corner she believes northwest Cape Coral may start seeing tiny homes pop up because there's lots of room for development.