Affordable housing shouldn't require endless government subsidies - sometimes, smart policy changes can unlock tremendous potential in our existing housing market. In this eye-opening conversation with Barry Bialik of Compact Cottages, we explore a revolutionary approach to creating attainable housing through strategic zoning changes and efficient building practices.
The numbers are staggering: Hendersonville needs 10,000 new housing units over the next five years, with 2,000 specifically needed for workforce households. How can we possibly meet this demand? The answer might be simpler than you think.
Barry shares how Hendersonville approved game-changing small lot and flag lot zoning provisions in just four months (compared to two years in Asheville) that could dramatically transform our housing landscape. By allowing more homes on existing lots, the math changes completely - a $100,000 lot divided three ways instantly makes each home more affordable, enabling new construction at price points ($250,000-$350,000) that simply don't exist in our market today.
What's particularly exciting is how these changes benefit everyone involved. Existing homeowners can create substantial equity by dividing their backyards into buildable lots. First-time buyers gain access to brand new, energy-efficient homes with warranties and conventional financing options. Essential workers like teachers and firefighters might finally be able to live in the communities they serve rather than commuting from South Carolina.
The success story in Durham, NC proves this approach works. After implementing similar zoning changes in 2019, Durham now boasts dozens of affordable new construction homes where similar markets have none. This isn't theoretical - it's happening right now, and Western North Carolina is next.
Whether you're a homeowner curious about unlocking the value in your property, a first-time buyer frustrated by high prices, or simply interested in community solutions that don't require more taxpayer money, this episode offers hope and practical pathways forward. Contact us at 828-393-0134 or visit realestatebygregcom to learn more about these exciting developments in our housing market.