Hello and welcome to the real estate minute. I’m your host Ivan Estrada with Ivan Estrada properties at Douglas Elliman. I hope you had a great New Year enough time to recharge and reload. And in this episode, we’re going over the top three alternative ways of living as opposed to the standard renting and buying. So, the real estate minute is going to work like this. There are three segments, one minute each, three minutes total. Let the real estate minute begin.
We Work is a community based on sharing office space and they now have just created We Live. Which sounds exactly like what it is sharing your living space. They currently have two locations. There’s one in New York City and there’s another one in Arlington, Virginia. Now, what they have to offer is just like every beautiful hotel in town. They have rooftops. They have meal plans. They have yoga. They have the gym. They have a laundry room that doubles up as a bar and this is all within your own little community. Now there’s different membership packages. For example, in New York City you can get a studio for around $3,500 when Arlington, Virginia for about $1,500. You can either stay here for a day a week a month or even a year depending on how long you need it. And pretty much all you need to bring is your own toothbrush and your clothes and you’re ready to go. Currently there is only two locations, but they’re looking to grow nationally and also internationally in every major city around the world.
What if I told you that you can live by the sea and pay for a fraction of the price of what you pay forrentandamortgage.Well,maybenotbytheseabutactuallyonthesea.Millennialsarenow looking for houseboats as an alternative way of living. Now in Marina del Rey, you can rent out a spot for about $1,000 a month and that gives you city water and sewage and all you need to do is bring your boat. And a boat cost about $150,000 for 300 square feet, which brings you to an $800 mortgage. So $1,800 a month to have a house boat at the marina, which then you can take a little trip to Santa Barbara down to San Diego and you can go anywhere you want anytime you want it. So, $1,800 to live by the sea. Wow, what a bargain.
Tiny houses have had a huge success rate in the Midwest and it’s finally made its way to California. Lemon Cove is a beautiful community in Lemon Cove, California population 350. You’ll be surrounded by beautiful trees, landscapes and tons of fresh air. Other amenities include a communal kitchen, a rec room, a pool, a dog park and showers. Now all you need is your tiny house. Now to build the tiny house it’s about $8,000 dollars in materials and it will cost you anywhere from $10,000 to $80,000 for a contractor to build you the tiny house of your dreams depending on the type of amenities that you want. So, if you’re looking to downsize the tiny house community might just be the perfect fit.
Thank you so much for watching this episode of the real estate minute. I’m your host Ivan Estrada with Ivan Estrada properties at Douglas Elliman. Don’t forget to tune in next month, and don’t forget to follow me on Facebook Instagram YouTube and Twitter at Ivan Estrada properties. I’ll see you next time.
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