![]() ![]() ![]() More homes on less land are as desirable for pocket neighborhood residents as they are for builders and investors. The cost of living in a pocket neighborhood is typically far less than it would be to rent space in a group-living facility and offers a much greater sense of connection with neighbors. Aging Baby Boomers and people with shared disabilities are finding a superior quality of life in pocket neighborhoods. Like Ross Chapin, other builders and developers are seeing the investment opportunities in pocket neighborhoods. Are pocket neighborhoods a good investment? Kids play freely while their parents and neighbors look on from their porches. Casual conversations turn into pizza on the porch. The common area is communally maintained and serves as a gathering place. Now pocket neighborhoods are popping across the country.Īt their core, pocket neighborhoods are designed to encourage interaction and provide a meaningful sense of community for their residents. That’s when he knew he had hit on something that people wanted, but couldn’t find – a deeper sense of community. When word got out about Chapin’s pocket neighborhood, the response across the country was incredible. – eight small homes tucked away from a busy street in Langly, Washington. An architect named Ross Chapin coined the term in 1996 after he and a developer built The Third Street Cottages. Think of it as a secluded neighborhood within a neighborhood. Not surprisingly, builders and investors are starting to take notice.Ī pocket neighborhood typically consists of 8-12 cottage-style houses nestled closely and all facing a common area, usually a green space or garden. That’s what makes “pocket neighborhoods” so appealing to a growing number of people. You know the people close to you, but that’s about it. ![]() When you think of a typical neighborhood, the vision that comes to mind is several hundred houses connected by a network of streets. ![]()
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