Tiny homes: A growing market during the pandemic
Posted October 30, 2020 7:18 p.m. EDT
Durham, N.C. — A local business is taking steps to capitalize on a piece of the real estate market that's growing during the pandemic: Tiny homes.
As cities loosen restrictions on building tiny homes and granny flats, a local company wants to help meet what they say is a growing demand.
Haven Ventures, which already did real estate development, architecture, and construction, now sells "accessory dwelling units" like backyard cottages and tiny homes.
The models can either be made-to-order or turn-key and ready to go.
Durham has been putting forth an effort on policy to expand housing choices. Raleigh enacted similar policies.
Haven Ventures, however, noticed not many tiny homes were being produced, despite the new policies – and they stepped up.
The Haven team said the pandemic has increased interest in accessory dwelling units – especially for one that's designed to double as an office.
The company said in a tight housing market, they wanted to bring more housing options to the table, which could really begin to improve affordability in the community by adding more options and variety.