Train4TradeSkills News: Are mini-homes the way to get more people onto the property ladder?
With the UK in the midst of a recession and the banks refusing to lend money, more people than ever are struggling to get their feet on the property ladder and buy their first home. But there may be an answer – Mini Homes.
Before you ask, mini-homes aren’t designed for dwarves or hobbits, they are intended to be lived in by the average person. But they probably wouldn’t be that good if you’re over 6 foot.
Imagine a shed with a double bed, a desk and a small kitchen, and you get the idea. The smallest house on offer is just 65 sq feet in size, but the range also include mini-homes with three bedrooms and two bathrooms.
The main selling point with these mini-homes: price. The plans to build the home cost about £60 and then you have to buy the materials, which cost about £10,000. Which means you can build your own home for just over £10k – not bad at all. Or if you don’t want to build it yourself, you can pay the company £35,000 to do it for you.
The bigger mini-homes obviously cost more, but you can build the top model for £51,000, which is amazingly cheap for a three-bedroom house.
The company behind the homes, Tumbleweed Tiny House Company, state that it takes about 850 hours to build a home – so about 35 days if you were working flat out.
Seeing as it costs the average first-time buyer in the UK £27,000 deposit and a £110k mortgage (according to the latest figures from Halifax), the fact that you can build a new mini-home for £10k is not bad at all.
It’s not going to suit everyone, but what do you think: can mini-homes be successful? Let us know what you think in the comments section below:
Posted on September 2, 2011, in construction jobs, construction news, Electrical News, Plumbing News, t4ts, train4tradeskills and tagged construction, construction news, First-time buyer, mini-homes, Property, Property Ladder, Self-build, self-build homes, t4ts, train 4 trade skills, Train4trades, train4tradeskills, Tumbleweed Tiny House Company. Bookmark the permalink. 1 Comment.