These are not intended to be long term housing for families or home owners. They are also not meant to be to be owned as the homeowners could turn around and rent out the tiny home for more than the mortgage and therefore generating profit and not keeping them affordable. This would have a compound effect if they were to be controlled by multiple real estate firms looking to continually drive up the cost of rent rather than one firm dictating the same price for all. At the same time, an HOA would have to be established to dictate the rules and regulations of the community and was not the design for this project! If this was about making the most money quickly and not keeping housing affordable in Dover, they would be for sale rather than rent. As stated in my original post, future plans to allow tiny home ownership in neighboring towns has been discussed for people who may want to be able to invest long term into this type of housing!

The average rent cost for a 1 bedroom apartment in Dover is $1500. The maximum rent for a tiny home is 1200 with it being closer to 1050 after adjusted income. Saving $300-$450 a month on housing in the same town is very appealing to many people.

The rent of these tiny homes are based on the average yearly income of a Dover citizen while adjusted for the unusually high rent cost of living on the seacoast! We will be lower than the cost of an average place to rent in Dover and therefore helping people save money towards a future home. As for the space, there are many individuals both young and old who have expressed the minimal space as more of a benefit for their life than being able to have more space. For students or young adults, most do not have the need for extra space and would rather pay less for that commodity. As for seniors, many of them want to downsize from their single family home and find an affordable 1 level place to stay as they begin their retirement! These tiny homes weren’t designed for long term ownership as many people begin families and want to have money saved up to buy a home!

We are building these tiny homes for people that are in transitions of their life where they may not be able to afford owning a home or wanting the long term commitment of owning a home. This includes students and elderly people who may be transitioning out of their homes and into something more affordable at the time! Our aim is to provide affordable housing in an area where the cost of rent drastically can change how much you are able to save towards buying a home in the area! The idea to build these homes came after a demand for affordable housing for our own staff at Harmony Homes. With this said, we do have future plans to continue to build tiny home communities in the area with the potential of allowing home ownership!

This is my dad and stepmother John and Maggie Randolph’s project! We are working to bring affordable housing to the Seacoast! I am so happy to see this made it on to Reddit! If anyone has any questions or comments, would be happy to talk with anyone!