If you’ve watched HGTV for a length of time you may be familiar with tiny houses. These are homes that are typically under 250 square feet, built on wheels or can be constructed for tenants in any backyard in the San Diego area.
With the housing crisis, it makes sense to build more tiny homes because each tiny home could provide space for up to two people but the reality is that environmental regulations and building codes may stop tiny homes from taking off in the San Diego area.
San Diego Housing Panel Gives Tiny Homes The OK
As of October 2019, tiny homes are now approved in the San Diego area. The panel recently voted to approve tiny homes in San Diego as long as homeowners choose to follow a long list of city regulations and their requirements.
“I think it’s a good idea,” said Councilwoman Dr. Jennifer Campbell. “Let’s do it.”
– San Diego Union-Tribune
San Diego joins a long list of cities in California, like Los Angeles, who have recognized the benefits of approving tiny homes and they now are approving their construction in cities across California and nationwide.
Good News for Local Homeowners and Investors
Besides benefiting the local housing market by bringing affordable housing to the market, tiny homes also immediately benefit homeowners and investors because they can be built within 30-45 days (or sooner), are less expensive to build than traditional granny flats and can rent for $900 per month in some areas.
Investors who want to get more ROI out of their existing properties will be thrilled to be able to consider tiny homes as another source of revenue for their portfolios.
Contact GoldenWest Management
To learn more about the San Diego rental market, or to speak with us about our property management services, contact us today by calling (866) 545-5303 or click here to connect with us online.