Idea: Smaller as better? May 28, 09

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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.


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    2 comments! on “Idea: Smaller as better?”

    Marcelo Di Franco commented on Jun 4, 09 at 7:07 am

    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.

    socialnerdia commented on Jul 21, 09 at 12:29 pm

    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.

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