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Property Management Expands Equity
The best properties soon lose value when left to natural entropic forces. The aunt and the first cousin of Jacqueline Kennedy Onassis lived in a mansion called “Grey Gardens”, about which a film was made in the seventies. The two women didn’t know or didn’t care to manage the premises properly, and in short order the property fell into deep decline. (Mental health issues may have played a part.)
Now this wasn’t a tiny home by any means; it was a massive property designed to house a large family, or even several of them, if you account for potential live-in staff. Even so, there are tiny homes that, except for the associated historical significance of a competing property, would command a higher value owing to their superior level of associated maintenance.
The biggest mansions become derelict husks without proper maintenance. Meanwhile, the smallest homes can be several times as valuable if they’re taken care of well, and renovated at intervals. As a “bonus”, properly renovating tiny homes can be done very quickly and cost-effectively owing to their diminished size.
In this writing, we’ll explore a few things you can do with a tiny home, or a small cottage, which may raise the value of the structure itself, and the property on which it sits. Some tiny homes are on a trailer, and designed to be moved, some have a basement; we’ll cover suggestions which may be appropriate for either sort.
1.Grid-Independence Through Wind Turbines And Solar
In The Hybrid Electric Home by Craig Toepfer, wind turbines once used in the American midwest are carefully described in terms of patents, effectiveness, and associated cost. Since the thirties, such turbines have provided clean, reliable, long-term energy solutions for single residences. However, many communities don’t allow them for political reasons.
It’s not the communities you expect, either; you may be surprised to find that areas of the country which may traditionally be thought of as “ecologically friendly” are often disinclined to allow such turbines on a property. So, though between a 3.2 kWh solar array and a single property turbine, sustainable grid independence is possible, it’s not always allowed.
That said, if you’re in a community that won’t disallow such solutions, you can install them going the DIY route for around $15k, all-told; just construct a solid battery array using, say, golf-cart batteries sequenced together. That will store energy when there’s no sun or wind. Buy a gasoline generator for long-term windless, sunless situations.
Spending about $15k on a tiny home like this will make the property independent of the grid, and within a decade, this will pay you in terms of avoided utility costs. Accordingly, property value expands quite a bit.
2.Vertical Storage (Perhaps Via RTA) Maximizing Space
Ready To Assemble (RTA) cabinetry can be ordered to specifications and installed on-site. With RTA, you can design storage for small spaces that extends their usefulness. Even tiny homes often have headspace that is wasted. That is to say: vertical space higher than your head goes unused, and it could be fine storage.
3.Landscaped Property, If That’s Part Of The “Tiny Home”
Some tiny homes are more transitory, others are more permanent. If you’ve got a tiny home on a legitimate foundation, landscape the property. Make a little path from where you park to the home’s entrance. Plant a little garden. Make the grass look nice. This can definitely increase property value.
4.Explore MLS Options As You Near Completion To Know Value
You can view website options for selling properties through the link. These sites can help you with MLS (Multiple Listing Services) solutions. For a flat fee, you set the price, and your property is listed across a broad variety of digital real estate “outlets”.
You’ll get offers, and that can help you determine if you’ve listed too high, or too low. You can determine what the market will actually allow in terms of pricing for your tiny home. It may actually command more than you expected.
5.Adding A DeckTiny
homes tend to have at least one door, often two. From whichever is most convenient, build a tiny deck. You can go the DIY-route and knock it out in a day or two; maybe one or two weekends. For just a few thousand dollars you can get twice the value for your money in terms of equity on a fine little deck.
Getting The Most From Your tiny House
A tiny home may be mobile, or it may have a foundation. Generally, tiny homes today are quite new, and feature top-tier amenities on the inside. There hasn’t always been enough time for such structures to be worth totally renovating. However, there are a few things you can do.
Add a deck. Explore MLS options to see what sort of value your renovations may or may not add. Landscape the property. Utilize vertical storage solutions. Facilitate grid independence through options like wind and solar where communities allow as much. Such tactics can do much to expand the value of your tiny home.
