Home Depot has quietly entered the real estate market.
Last year, the US home improvement store giant unveiled its new tiny house, or “getaway pad,” from home kit-making company Plus 1, and it’s currently gaining traction on social networks as a possible solution to unaffordable housing and property damage caused by the climate crisis.
The news comes in the wake of an affordable housing crisis plaguing the country, with rental prices and mortgage interest rates soaring.
For nearly $50,000, the deck can be delivered and assembled as a free-standing extension to an existing home, as a guest house, or as a primary residence for those for whom home ownership is out of reach.
But while attractively priced at first glance, other features and additions must be considered to make the home complete, such as doors, windows, electrical and plumbing systems, and finishes.
If applicable, clients must also apply for the appropriate permits to comply with local zoning laws.
Aside from offering financial value, Plus 1 also boasts that its homes are “extreme weather resistant,” an attractive feature during severe weather events like storms, hurricanes, tornadoes, or wildfires, which weather experts say are increasing in frequency. and intensity.
Due to their engineering, the houses also keep out insects and rodents, according to Plus 1.
Each pad is made of a steel frame that is designed to assemble quickly and easily into a concrete slab.
Tiny houses like these have grown in popularity in recent years. Some owners invest in tiny houses to rent on platforms like Airbnb or Vrbo.
Last year, Elon Musk did Headlines when he allegedly moved into a small house made by Boxabl, when he lived in South Texas, where the SpaceX company is based.
Other retailers like Amazon have also started selling tiny house kits.