A line in this interview with Alex Bogusky caught my eye:
“I’m always surprised by how wealthy people gravitate to huge homes. Who wants to walk a half block to get a midnight snack? But smaller alone isn’t really the whole story. Smaller and higher quality is really the opportunity.
This is something I often think about when I drive by high-end homes… outside of major cities, it seems like bigger is the only option available for non-retirees. What if builders offered smaller homes with better features?
Offerings I can think of off the top of my head:
- Higher-quality building materials
- Pre-configured wireless network (with or without tech support)
- Home wind turbines and solar systems
- Include a car, maybe a Hybrid in an exclusive model or color
- Include bikes, Segways, or other low-impact modes of transportation for quick errands near the neighborhood
- Neighborhood services like chefs, nutritionists, personal trainers or pet sitters
Ultimately, I think the offerings would need to appeal to self-interest and sense of status to be successful. Green features and community enhancement sound good on a list, but my cynical side isn’t sure they would translate into big business.
What do you think—is there an opportunity here?
This has been the second in a series of random product/service/whatever ideas that pop into my head… ideas that I think are viable from a business and/or usage standpoint, but probably don’t have the time/desire/resources to implement.
Of course there’s an opportunity there. Think Lofts. This is a good example. Point is, it has to be DIFFERENT. I don’t know if a ‘free’ car would be the right incentive, but a DIFFERENTE and UNIQUE style of home, probably will.
Take a look at this, just an example of what van be offered:
http://www.google.com/translate?u=http://www.belowtheclouds.com/2009/05/23/sommarnojen/&sl=sv&tl=en
-Marcelo.
Thanks for the link to our Social Nerdia interview with Alex Bogusky.
Smaller homes is already a trend and we’ll see how that changes the real estate landscape in the next few years.