I Toured a Luxurious Texas Tiny Residence Village for Retirees: See Images

The village’s houses are small — below 400 sq. ft — however not low-cost; every prices between $75,000 and $160,000. Nonetheless, that is far lower than the going charge in Aubrey, the place Zillow put the median home-sale value at $303,550 and typical hire at $2,267 in December.

Kristene Newton, the village’s tiny residence designer, instructed me that the majority residents purchase their houses outright. After that, their fundamental month-to-month expense is $950 in lot hire, which covers water, sewer, trash, landscaping, and WiFi. For residents residing on a mixture of financial savings, investments, and Social Safety, that form of low and predictable invoice can really feel like a sport changer.

“The senior neighborhood can get into one in all these houses, pay for the house, and the lot hire goes to be cheaper than shifting into an condo—or typically even assisted residing,” Newton stated.

She added that she’s been shocked to see individuals promote million-dollar homes to get into the village’s tiny houses.