George Real Estate Group Radio Broadcast

How Compact Cottages is Making Homeownership Possible Again in Western North Carolina

• George Real Estate Group

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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.

Speaker 1:

Hello friends, thank you so much for being here. This is the George Real Estate Group podcast, which is a production of our live weekly radio shows hosted on multiple radio stations here in Hendersonville, north Carolina. The George Real Estate Group serves Western North Carolina and upstate South Carolina and it is a privilege to share positive news about our local real estate market and community. Thanks so much for subscribing and, of course, if you have any real estate questions or if we can help you in any way, be sure to reach out. Visit us at georgerrealestategroupradiocom for more information. Good morning and welcome to the George Real Estate Group live radio broadcast here on WHKP Every Thursday morning, sharing with you positive news about your local real estate market and community. We're so grateful to be here with you. We're going to have an exciting conversation. We have a special guest here with us this morning and I'll introduce you to him in just a second. But before we do that, if you're tuning in for the first time ever, the George Real Estate Group, we're located in Flat Rock, right next to the Flat Rock Bakery, hubba Hubba Barbecue, campfire Grill, the Wrinkled Egg all those dangerous places to have an office next to. If you want to stop by, say hello, let us get you a cup of coffee. Stop in and say hello. The George Real Estate Group. We service all of Western North Carolina and the upstate, spartanburg and Greenville counties. We have an incredible group of agents and staff and team. We've had the privilege in my career of helping over 1,500 families with their real estate needs. So if you're thinking about buying, selling or investing in real estate, or even a career in real estate, we'd love to have the conversation. Give us a call at 828-393-0134, 828-393-0134. Follow us online at realestatebygregcom. We also podcast all of our radio shows. You can find that on your favorite podcast platform Apple, amazon, alexa, spotify.

Speaker 1:

Again, so much going on in the market. We will dive into the conversation about the market. But again, if you're just curious, if you're curious what your home is worth, if you're curious, do you sell, then you buy, do you buy, then you sell. If you also have your investment portfolio, your real estate, if you're curious about 1031 exchanges or DSTs, I mean we can help navigate through that. We have an incredible team, whether it's our attorneys or tax advisors or lenders. You know we can help, provide solutions and love to have the conversation with you. We're so grateful this morning to be here and again, and we will dive into the market. Have a special guest with us, barry, and please forgive me, I butcher your last name. Oh well, hold on a second, barry. There you are, get the mic going, barry, good morning this morning, good morning.

Speaker 2:

My last name is Bialik Okay, bialik, and we talked about that. I. My last name is Bialik Okay, bialik, and we talked about that. I apologize for my. Yeah, no problem.

Speaker 1:

For that, but so grateful to have you here, barry. Let's back up and share with our listeners. You've been here in western North Carolina for how many years?

Speaker 2:

now Since 2005,. So 20 years now.

Speaker 1:

That's incredible and, like so many people, you fell in love with the area and you're a small business owner. Yep and you got involved in the affordable housing world.

Speaker 2:

Yeah, you know, what I noticed when I moved here is how it was so hard for entry-level people to find housing in town, and so, in Asheville, I chaired the Affordable Housing Committee there for many years, and what we're trying to do is be able to create housing that people can afford, because they just can't the average person. It's so hard to live here, and we're trying to do our part to make it easier.

Speaker 1:

And that's true again Western North Carolina, but you've been specifically working in the Asheville area.

Speaker 2:

Yeah, I've been in Asheville.

Speaker 1:

But you've been specifically working in the Asheville area. Yeah, I've been in Asheville In six years. If I remember you said you were on the Affordable Housing.

Speaker 2:

Committee.

Speaker 1:

Yeah, I learned a lot about the back end of how city government works, and some of it's pretty some of it's not, it is, but it's a reality that I mean so many other parts of the country, but again, you've been advocating for it here locally.

Speaker 2:

Yeah, you know. So, to create affordable housing, what most governments and most people do is they try to push just the money lever more, like, well, the government will give us more money or, if we need subsidies, we can build more housing, when the reality is there's so many things we can do to make housing more affordable. Governments can change the zoning rules, we we can build houses more efficiently, we can put more houses on the land that we have, and then we can look at the financing. So what we try to do is we're working on trying to pull all of those other levers to bring the cost of housing down so we don't have to just whine about not having like subsidies to do it.

Speaker 1:

Well, okay, let's back up though the cost of housing is a function of supply and demand yes, but back up though the cost of housing is a function of supply and demand, yes, but even when you're this has been a challenge here, just in general, for our community, yeah, regardless of the market yeah and you know and here's what you know what land is really where things start right.

Speaker 2:

So so what? The way the zoning works for land is like. If you've got a building lot and you can put one house on it and there's a lot of demand for that building lot, then that brings the cost of that land up, and the more expensive the land is, the house has to be more expensive on it. So what we try to do is come up with ways that you can put more houses on the same pieces of land. So basically, instead of having one piece of land that you build a 5,000-square-foot house on, take that same piece of land and let us build three 1,000-square-foot houses on.

Speaker 1:

Which again opens up more product for the consumer, which brings the costs down and again allows people to get into the market.

Speaker 2:

Yep, it's all simple supply and demand.

Speaker 1:

So you've been advocating in not only Buncombe County but Henderson County for some changes.

Speaker 2:

Yeah, you know, through Asheville we went through a two-year process to change some rules and I was at a meeting and had both the Johns, the county manager and the city manager for Henderson County and Hendersonville at a meeting I was at and they're listening to what we're doing and one of them says to me I don't remember which he's like we need your product here in Hendersonville. And I said, okay, I'll try it. So I came and we actually like purchased a property and we realized we're like, well, I can't do this because your rules don't allow it. So they said, well, how about we try to change them? So we worked with the planning department of Hendersonville. We, our company Compact Cottages, petitioned to change the rules to basically make it easier to build more workforce housing in town and instead of two years in Asheville here in Hendersonville we did it in four months.

Speaker 1:

Incredible.

Speaker 2:

What a great group of people.

Speaker 1:

And they see it at a high level the need for affordable housing. They see it at a high level, the need for affordable housing. Now let's also back up and we'll continue that conversation. Because you mentioned, people are going to say well, what's your product? Compact Cottages is your company that has a system and you're providing an affordable housing product, site-built home, but through systemsiencies and I mean, and you've been doing this up in well, all over, yeah we've been building.

Speaker 2:

We've been building homes, um, you know, for workforce level housing, um in Asheville for probably, you know, 17 years. And so what we do again in this idea of the things you can pull to bring the housing cost down, our company focuses on that construction efficiency. So, instead of building, we don't build low quality homes. There's nothing about walking into our home that anyone would see as low quality, it's just we build. We have no waste because we build part of our things offsite, which means if someone's building a house, 20% of all that lumber ends up in the dumpster. Really 20%, yep. Go to any job site and you'll see dumpsters filled with lumber.

Speaker 1:

It's a major waste. What a waste.

Speaker 2:

So not only is that builder having to buy 20% more lumber, but then they're having to pay thousands of dollars to dump it Right. So by systems building, and that means we're still site-built homes, but we build our walls off-site. We build bathrooms off-site. That means when we built like we built in a 10-day stretch, we built 12 houses in our warehouse and we had no waste that needed to go to the dumpster.

Speaker 1:

That's amazing, yeah. So which ultimately again gets passed on, gets passed on to the buyer, to the buyer, yeah.

Speaker 2:

So which ultimately again gets passed on, Gets passed on to the buyer, yeah.

Speaker 1:

Yeah, it gets passed on to the buyer. And so you've been creating this product over years of trial and error and learning, and you've built hundreds of homes.

Speaker 2:

Yep, yeah, we built about 350 houses and the idea is we try to and we also really want to make it like the whole new construction process, so it's not overwhelming. So is we try to and we also really want to make it like the whole new construction process, so it's not overwhelming. So we really try to streamline this, meaning even on our website. Just like you can go and design your forward Ford Mustang online, you can actually go to our website, pick out which house look at, you know, choose the color of it, decide what kitchen cabinets you want them to look like, and it prices it as you're going, and then we'll put that on your land or on land that we can help find.

Speaker 1:

And so when, again, the challenge has been, in addition to the construction costs, which I mean the numbers that we hear from custom builders, I mean it's staggering when people are looking at the cost of construction, the cost of land, and again, it's one thing to go get a lot, and the current zoning allows certain density a certain number of units, certain setbacks and all that stuff. But you have found again you've been advocating this in Buncombe County and again, what took you two years in Buncombe County, you accomplished in four months, four months.

Speaker 1:

In Henderson County.

Speaker 2:

Yeah.

Speaker 1:

Let's talk about these. Are this reduced pole flag lots, right, yep, small lots, yes, and I'm going to go back real quickly though. Lots, yes, and I'm going to go back real quickly, though. The hendersonville strategic housing committee report said they're going to they.

Speaker 1:

they reported that there's going to be a need of 10,000 new housing units needed over the next five years it's not amazing 2,000 of these are going to be needed for low to moderate income households, and it's this workforce and attainable housing that makes room for these capital a affordable units within the larger housing ecosystem. Talk, talk to those points yeah, absolutely we.

Speaker 2:

We cited that when we were kind of doing our presentations that that your own report says you need 10 000 homes and there's no way that you have the land or the pace to do that. So what we did in Hendersonville is basically, if the lot is within the city and it's close to where there's like sewer water, instead of having one house to go on that one lot, we created a way that if you're building smaller houses, you can make smaller lots. It's simple scale.

Speaker 1:

Which again allows the cost to come down, which ultimately allows this more affordable housing. Yeah, but you guys are doing new construction homes for what? $350 to $350?. Yeah, yeah, yes, for brand new homes in the city site, built with city water, city sewer. I mean it's incredible.

Speaker 2:

Yeah, it's amazing what we can do and we're really leaning on. We've watched what. So Durham was ahead of the curve for changing their rules, so they changed their rules in 2019. And Durham right now has an abundance of new construction houses on these small lots that are for sale for some as low as like $275,000. Really, but there's like new construction right now on their MLS three-bedroom, two-and-a-half-bath houses for $314,000.

Speaker 2:

In the city of Durham In the city of Durham, and it's all because of this small lot change, Wow, and so we're hoping we're going to be able to do the same right here. Right, Because it's economics. If a building lot costs $100,000, which they do or more a builder, that has to be to the builder 25%.

Speaker 1:

Of the cost of the product.

Speaker 2:

So that means that you're starting off with a house that has to be $400,000 to $500,000. $400,000 to $500,000.

Speaker 1:

$400,000 to $500,000. Yeah, more like I mean. Our average home price in Henderson County is in the $530,000 right now yeah yeah, so that's because, because the land cost, if you had the, you know, prior to this rule change, I mean the lots in town were, I mean on average, $100,000 for a buildable lot.

Speaker 2:

Yep, yeah, and we, you know, so, yeah. So if you, if you take that same hundred thousand dollar lot and instead of building which you could build a five thousand six thousand square foot house, you now can divide that same lot into three mini lots, so that hundred thousand dollars is now split into thirty three thousand per lot. And that's what makes the numbers work, because I can build two hundred and fifty houses all day long. Wow, I just need a place to put them Right.

Speaker 1:

So affordable housing.

Speaker 2:

Yeah. So now, now someone can come to us and like a two bedroom house. We can. We build two bedroom houses as low as like $225,000.

Speaker 1:

Wow.

Speaker 2:

So then you put them on a land that's like 30, 40,000. So now we've got new construction homes that are, you know, like in that two, 50 range and then construction homes that are, you know, like in that 250 range Right.

Speaker 1:

And then three-bedroom homes are, you know, in the 300 range which, again, prior, I mean just hasn't existed, I mean in our area, affordable, especially, you know, affordable housing, much less new construction, yeah, yeah. And so the thing that this accomplishes on the other side of the coin is the lending products, because these are single-family homes on their own lots with city water, city sewer. These are perfect products for a consumer. When they're going to get a government loan, they can get an FHA loan on these completed new construction houses. I mean there's all types of loan programs that are allowed. Again, it's getting people into homes that are affordable.

Speaker 2:

Yeah, and it's not a condo loan, because generally, like a lot of places go to condos for how to make housing more affordable, but a condo loan.

Speaker 1:

As you know, they're harder to get and interest rates can be even higher with the condos as well. Well, so the other piece of this is not just a small lot, but if you're listening and you have a large lot in the city, you can do what's called a flag lot. Can you explain a flag lot?

Speaker 2:

so what? So what that means is like so lots, there's the way zoning works that there's, there's lot sizes and then there's like the frontage, meaning the amount of certain, the amount of road frontage that's needed for having a house and generally that's what limits, like how many houses you can put, as much as the lot size. So with these flag lot, these reduced pole flag lots, meaning that if you, if you create, it's almost, they really look like a flag flag with a flagpole.

Speaker 1:

Yeah, and so which? They're a dog like we. Yeah, I mean, it's a flagpole, yeah, it looks like a flagpole, yeah it looks like a flagpole.

Speaker 2:

So what you can do a reduced meaning that if you're going to have a shared driveway let's say if you have a shared driveway and that's going to go towards the back of the lot, you can then that driveway would be almost like the frontage. There would be several different lots with mini frontage on them. So what it's doing it's allowing one shared driveway off of a property to then access the lots that are in the back that otherwise they're kind of locked up.

Speaker 1:

They weren't accessible. Yeah, I mean homeowners could have maybe an ADU in the back on their own parcel.

Speaker 3:

Sure.

Speaker 1:

And maybe they were renting it out. But again, this allows for a separate parcel in-launch so this has been approved in the city of Hendersonville. This zoning is currently in place.

Speaker 2:

It's a go. That's amazing. And your point on ADUs is like because ADUs are touted as they could be a great housing solution, the hardest part about ADUs is the financing. Be a great housing solution, the hardest part about ADUs is the financing. It's because if you have a house and you want to build an ADU, you can't get a separate loan for it. It's tied to your main house and what this tool does is basically creates a way that now, even if you just wanted it to be a backyard ADU house, this creates a way you can put a separate financing path on it. It's on mortgage.

Speaker 1:

It's on mortgage yeah, so that's like that's incredible.

Speaker 2:

Yeah, so as much of the change it helps the, as much as it helps create housing. It also makes it easier for people to do ADUs Right, because it creates a financing mechanism that didn't exist. That didn't exist before Because lenders weren't going to your main house and your mortgage that you had on your current mortgage yeah, so this allows you to put a whole separate mortgage on.

Speaker 1:

Isn't that wild. And if you already own the property and that land is free and clear, you could actually use that land as the down payment for the financing.

Speaker 2:

Yeah, we've been doing that with people for years that you literally create equity that didn't exist. Because if, right now, if you own a house that let's let's just use a hypothetical $500,000 house you own a $500,000 house here in Hendersonville on a piece of land an appraisal is going to say, okay, your house is worth $500,000. But guess what If you divide off your backyard into two lots in the back? So now you've got your house and now you've got these too many lots. You know what the appraisal is going to say your house on your your, your house on your front lot is worth probably still five hundred thousand dollars, still five hundred, and now each of those lots is worth, you know, fifty, seventy, five thousand dollars.

Speaker 1:

So you've now, you've basically instantly created 140 000 of equity equity out of nowhere wow, because of these new yeah, new zoning, yeah, and and zoning. And it's like that's amazing.

Speaker 2:

And then you're right, you can use that equity as the down payment for building.

Speaker 1:

You could, then you can keep it as a rental or you can sell it off. I mean, there's so many options with that.

Speaker 2:

Yeah, and what I love is it helps, like one of the people we're working with in Hendersonville. This lady who lives here in Hendersonville. She's trying to help another another person to build a house, and now these rules are going to allow her to do this. Wow, yeah, it's. It's amazing, like that, how this, this opens up that we all want to help. Yes, we really do yeah and this is a tool that allows the individual to help isn't it, it's, it's empowering it is totally and again.

Speaker 1:

Uh, creating an opportunity, affordable housing, something I haven't talked to you about and I'm going to put you on the spot on the radio. Is there any downside? I mean, is there any negative? Did you get any pushback? Are people saying, oh, there's too much density, but this is part of responsible growth? Sure, there's just part of this, again, a conversation you and I haven't had. Yeah, yeah, I hope it's okay to talk about it.

Speaker 2:

Yeah, yeah, no, I'll share where it comes from In Asheville. Yeah, I mean, that's why for two years it was delayed. And the conversation is really about will this create gentrification? Will this make people not afford to live there anymore?

Speaker 2:

Interesting make people not afford to live there anymore. And the counter side of that is what it did in Durham is it actually created wealth for the people who have owned the properties for a while? And if your house was, if you owned a house and you didn't, and it was in disrepair and you couldn't afford to fix it, this you're able to sell off the backyard and now fix up your money to put back into your own house, to keep you in your home yes yeah, and then also, when you improved your home, you're creating more equity and wealth for your family yeah, yeah.

Speaker 2:

So really the pushback, and the only thing we got here was we didn't really get much density pushback, because most of these lot like where this rule is going to change the most is where there already is water sewer, where it should be.

Speaker 2:

It should be denser, like because of the utilities or the city utilities are already in place yeah, like this, this lot that we're going to be building on, you can walk to party hospital from it and I could have only built one or two houses and it's like. This makes no sense, right, I can build, I can build a hospital on this property, but I can't build a few houses. So so it was a good. It was a good model. This is like you can walk to things, but this is not best meant for one house.

Speaker 1:

The highest and best use was not just for one house, Correct. So again, because of the zoning change, Because again there is a process in place where you can appeal zoning one at a time. This is like how things have been. I mean, if you want to do something different than what's allowed, you can appeal for a variance, and again that's just not efficient. If we're going to see change, if we're going to see change and offer more affordable housing, so again, changing it from the top down.

Speaker 2:

Yeah, it's a way to change it. It's a way to change the system. It's a way to change everything, because it's just doing it one at a time is only helping you Right. And if our goal is to try to help community and to give the tools to everybody, then this is the way to do it Not an individual zoning change, but to change the rules Right. So in Asheville we have not done the GIS study here in Henderson but we will. But in Asheville the zoning change, just the changes for this reduced pole flag lot and they actually were not near as like the change in Asheville is much smaller than what happened in Hendersonville, but the one in Asheville just that change is going to be is opening up the ability to create 10,000 new building lots.

Speaker 1:

Wow.

Speaker 2:

That's enough to shift the market. Yes, well, when you?

Speaker 1:

talk to shift the market. Yes, well, when you talk about shifting the market, you're talking about supply and demand, right?

Speaker 2:

I mean like because yeah, it's a way and that's really what I've observed in Durham. I mean, that's why I keep leaning on Durham, like Durham it's a case study there in Durham it's a case study.

Speaker 1:

Yeah, the small. Again, they did their report, the report I saw here in the city. In October 2019, the city of Durham and Durham County approved the United Unified Development Ordinance and they expanded the text amendment was for expanding housing choices, specifically to create more affordable housing in their urban area, and it was allowance of duplexes, the small houses, the small lots. Again, this is, and again, the change that happened in Durham. And again, what a case study. Yeah, absolutely, and this is wild. And again, only Durham was doing this. Chapel Hill, Raleigh.

Speaker 2:

I mean they're not. No, they didn't do it the same way and it's like the really like. I used this when I presented to I think it was Hendersonville, so the council, the planning board. The simplest thing I brought it down to is I pulled up, I pulled up realtorcom and I said this is realtorcom for for Durham, for nuke for houses less than like. I think it was like less than 400 000 in. So durham had, let's say, 26. Um, I pulled up in asheville. You know how many asheville had, zero wow you know how many hendersonville had?

Speaker 1:

I think one well, I mean, I can even just tell you real quickly single family homes, uh, single family homes, and you're saying new construction? Yeah, under 400,000? Yep, under 400,000 new construction? Oh, right now there's six, and maybe this is already part of the expansion of what we're seeing.

Speaker 2:

Or if you have to look to see if they're standalone. A lot of them are condos or townhouses.

Speaker 1:

And one is even. And again, this is where you saw affordable housing going. Yeah, it's a manufactured home. Yeah, right now for $299. Yeah, yeah, I mean, but you're able to do site-built homes.

Speaker 2:

Yeah, for close to that. Yeah, that are new construction, so they're not. Yeah, so they have, you know, houses with warranties.

Speaker 1:

The financing options for site-built versus manufacturing is a completely different ballgame, yeah, and the maintenance.

Speaker 2:

You know it's like, as you know, like older houses need work.

Speaker 1:

Right Again. So when you were even just showing that example to the city council, I mean it's just, there's just not affordable housing. And this is where, again, the conversation and I've had this on the show before again there's just not been affordable housing. It's a reality that if we want to have housing for our workforce because we all want our workforce here but you want to give our workforce opportunities to build wealth and to grow and to do that, have that first home experience, live in that, have that first home experience, live in it, build equity.

Speaker 2:

Yeah, it's the path to ownership Right and that's what you know. That's what creates generational you know generational wealth and and stability. You know it's like housing.

Speaker 1:

For the community.

Speaker 2:

Yeah, and and it's it allows the community to grow. Because if we, if we just are building, I mean and yeah there's, I mean beautiful houses here, you know beautiful houses in our region, but the but what creates our community is having the restaurants, having, you know all of the amenities. And they need to live somewhere.

Speaker 1:

It's like how many people I meet here have to live in South Carolina. Well, that's a very real conversation. Even our school teachers, our firefighters, I mean like this is a common conversation. I hear we're commuting up from South Carolina because we can't afford to live here. Right, and now the small lots, the changes with the zoning it's going to your company with compact cottages that bring the cost down because of reduced waste. The efficiency you told me you can dry in a house. How quickly.

Speaker 2:

So it's a single-level house. Actually, we can come to site and have the roof on in two and a half hours.

Speaker 1:

Wow. So what's a typical turnaround time from construction? I mean, we built on a two-story house, so what's a typical turnaround time from?

Speaker 2:

construction. I don't want to be fair. Yeah, I mean we built on a two-story house, like generally, you know it's still four plus months, but four months is incredible. But on a, you know, we've really had to step up with like getting ready. You know, with the hurricane relief we've created some really fast build products, so we're creating like we actually have small one bedroom house that our goal is, from building permit to moving could be like 45 days.

Speaker 2:

Really yeah, that's incredible yeah, I mean the need is incredible here from. I mean it was bad before for unattainably priced housing, but now with the storm, like the amount of people who are, you know, still in FEMA trailers or still in houses with tarps, or they just have vacant land left and you know we're trying to see where we can, you know, plug in to help that.

Speaker 1:

Yeah, and all of this comes from? I mean you are just passionate about this topic. You're passionate about affordable housing. I mean you personally had your own story in growing up with it and then you're I mean I love it Again. It's this passion for helping the community, for making a difference. I I also think capitalism is a is a solution for a lot of our sure yeah yeah it's in conjunction with the government. I mean like the cooperation, and you're advocating for changes, and then I mean it came to fruition.

Speaker 2:

There's a lot of company. You know, it's like the whole. There's the term, the triple bottom line, which basically is, yes, companies, companies need need revenue to succeed, but they can also do good while they're doing. That's right and that's what we're. You know, that's what we're trying to do, good yeah, that's amazing.

Speaker 1:

Well, barry, we're so thankful to have you here with us.

Speaker 2:

Yeah, thanks for hosting love the conversations.

Speaker 1:

Thank you again. You literally advocated and facilitated the change here in the city of hendersonville, yep, and, and you can go online with the and call into the the city hendersonville planning department. I mean, if you have a lot, or if you, if you're curious, if you're a lot, or if your house might, uh, can work within these new rules.

Speaker 2:

Again, it's something worth having the conversation yeah, yeah, people can reach out to you or to us. We have a land planner on staff and we help people kind of figure this out.

Speaker 1:

That's amazing and people, I'm sure, are curious. What's the website for the compact cottages?

Speaker 2:

It's compactcottagescom. Okay compactcottagescom.

Speaker 1:

You can literally go on there right now and, like you said, pick out your coll colors and your floor plan and I mean it's, it's an incredible prices that as it goes, yep, and then again we can help you find the land here, or maybe you already have the land. There's so many options. And then our, our lenders that we work with, you can use traditional financing for this product, but again, it's a solution for affordable housing, you know, here in hendersonville. So, barry, thank thank you.

Speaker 1:

Thank you for the conversation and thank you for advocating for affordable housing in the community. We podcast all of our radio shows. We're going to be podcasting this here today. Again, thankful for the conversation with Barry. If you're curious about more any of this, give us a call, 828-393-0134. Find us online at realestatebygregcom. And again, if you're curious about buying or selling or investing, or whether it's commercial real estate or land development, or thinking about 1031, exchange or selling, maybe your estate property, or thinking ahead, however, we can help you. We love serving our community through real estate, give us a call, 828-393-0134. Oh, tomorrow morning, 845,. We sponsor the Hometown Heroes series. We're here every Friday morning at 845. David Weintraub, who's about to premiere his latest movie, hendersonville, commemorates the 60th anniversary of the integration of our schools here. It's a new film documenting the Black community's thirst for education, called Color Beyond the Lines, and we're excited to have David in here tomorrow morning. This is going to be premiering June 21st and so grateful for David what he's doing in the community. We're going to have that conversation tomorrow morning at 845 as we sponsor the Hometown Heroes series. Thanks so much for tuning in this Thursday morning. Have a great day, have a great week and we'll see you tomorrow morning.

Speaker 1:

Thinking about estate planning for your real estate. Without a smart approach, the property you leave behind could become an unwelcome burden for your kids. Many children simply don't want to co-manage an inherited house or deal with the tenants. Fortunately, you can prevent that with the right plan. The George Real Estate Group specializes in tax-efficient strategies like 1031 exchanges and Delaware Statutory Trust to simplify inheritance and income planning. A 1031 exchange can defer your capital gain taxes now and help your kids avoid a big tax bill later. And a DST lets you continue earning rental income without landlord headache. Plus, it can be split among your children, making inheritance easier. Planning ahead is one of the kindest gifts you can give your family. Let us help you secure your legacy. Call the George Real Estate Group at 828-393-0134 today. You've worked hard to build your legacy. Now let us help you protect it for your loved ones.

Speaker 3:

Thank you for listening to the George Real Estate Group podcast. Tune in next time for more industry news updates and real estate tips. You can reach Greg, the George Real Estate Group, at 828-393-0134 or at realestatebygregcom.