Why Do Small Kit Home Cost So Much??
Summary
This video breaks down why prefab, kit, and tiny homes often have a higher price per square foot than traditional homes. It explains that fixed 'sunk costs' like septic, electrical, and foundations don't scale down linearly, making smaller high-quality builds appear more expensive despite having a lower total cost. For STR hosts, the primary value of prefab is speed to market, allowing properties to start generating revenue months earlier than site-built homes.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM