CAPE CORAL — The City of Cape Coral has been talking about updating its land zoning code to include micro cottages for quite some time. In its most recent council meeting on Monday, Nov. 26, 2018, council members decided to put micro cottage plans on hold.
The city is trying to decide on the minimum square footage for the plot of land a micro cottage village will sit on. The town wants lower the square footage from 10,000 to 5,000.
As with any type of development, some people who live in the Cape are for micro cottages being built, and some are against it.
“If this land use design regulation code was updated to include micro cottage villages, literally anywhere you see a 3-acre parcel, a developer could, in fact, buy up that property and put in a micro-cottage village,” explained Cape Coral resident, John Bashaw.
John is concerned that property values of modern homes will decrease if they are within the same proximity of a micro cottage village.
“Smaller homes and affordable homes don’t have a significant effect on a neighborhood by themselves,” said John. “But when you cluster them together, it does have an impact on the surrounding homes.”
A 2017 report conducted by Realtor.com found that smaller homes appreciate in value more quickly than larger homes do. According to the study, houses under 1,200 square feet appreciated at about 8 percent a year for the past five years. Homes with more than 2,400 square feet saw an increase of nearly 4 percent a year in value.