As if the pandemic hasn’t been difficult enough on people, now you have to worry about your new home potentially being stripped of its storage space. Living is costly, and buying a house of your own is becoming more and more difficult, which is already too difficult for many who are trying to own their own home. Now you have to worry about whether or not your home is suitable to properly live in.
While housing prices are soaring, what you’re getting for your money is declining. Storage spaces in houses that are being built are being cut down for a few reasons, and it’s making it more difficult for people to live comfortable lives on a reasonable wage.
While cutting down the storage space in the housing is making it cheaper, it’s also making a home much less a home. Your freedom to own possessions is being throttled, and you’re going to struggle to settle down somewhere with the amount that a house is supposed to cost.
You may even feel inclined to seek out a safe place for you to store your belongings when moving into a new place. It’s better than having to get rid of them. Places like this Park City self-storage unit make for a great place to keep your belongings safe and secure when you can no longer keep them in your home.
What Caused It?
One of the main reasons that the housing storage space is being cut down is because of the prices of materials that you need to buy a house. They’ve skyrocketed, making it so much more expensive to build them, which means that they would have to sell at an unreasonable price. It’s much more difficult to get a hold of the materials, and homebuilders simply cannot afford to build them without having to cut the corners.
Due to the pandemic, many people haven’t been able to do their jobs for nearly a whole year, and it’s caused a shortage in services all around the world. With the growing demand for these supplies, and a lack of actual supply, the inflation of the price has happened, and some materials have gone up to nearly 300% of the original price. That means that a home can be around nearly three times the amount of money to build as it used to be – and selling it for three times the price would be completely unrealistic.
On top of all of this, homebuilders have been allowed to ignore some of the rules when it comes to building new homes, and it is affecting the neighborhoods that already exist. Due to the lack of materials, it’s become more difficult to follow the regulations on construction. While many worry this is making house durability much less, it’s also ruining the appeal of the homes too. Houses built in existing neighborhoods don’t have to be the same height or color, nor do they need to look similar.
This whole situation has made things much harder on those who are hunting for a home, as their options are going to be changed drastically. While it might be cheaper to buy a home now, many are suspecting that overall it’s not going to help with the economy being the way it is – all except that houses are much more unappealing to those looking for somewhere to settle down.