STEAMBOAT SPRINGS, Colo. - Oct. 29, 2019 - PRLog -- Home-grown Steamboat-based prefab building company, SmartPads LLC, is gaining fast traction throughout Colorado since opening for business in 2018, with sales closing in Leadville, Nathrop, Winter Park, Steamboat Springs, and Hayden. The sales in Steamboat Springs, Hayden, and Leadville set new records for prices per square foot in those markets. SmartPads has found a unique opportunity in presenting homeowners with a more affordable building option that also resells at a premium.
Since starting in 2018, SmartPads is surpassing all expectations on price and quality of prefab homes as demonstrated with recent sales:
- Earlier this month, a 2 bedroom/2 bathroom SmartPads home sold in Leadville for $279,000, which was the highest price per square foot on record in the city limits for new construction sales.
- In September, a developer sold 10 tiny SmartPads homes (1 bedroom/1 bathroom) in Hayden for $1.52 million. The property, known as the Hayden Village Townhomes, sold at $360 per square foot, which is the highest-priced sale per square foot in Hayden's history.
- In August, a single-family 3 bedroom/3 bathroom SmartPads home in the new Sunlight subdivision of Steamboat Springs sold for $874,000. The house sold for $461 per square foot, which is the second-highest sale on a price per square foot and actual sales price basis for the subdivision.
"There's a long-held preconception by home buyers and real estate brokers that prefab or prebuilt homes sell for less and are lower quality," said Darrin Fryer, Co-owner of SmartPads. "Recent sales of SmartPads homes demonstrate that this view is no longer current. With modern designs, quality construction and finishes, and energy efficiency, these homes are outperforming traditionally built homes. On the back end, SmartPads homes resell at a premium which makes them a great investment opportunity as well."
"The SmartPads prefab homes are built more efficiently which means shorter build times and reduced cost variability," said Ryan Cox, Co-owner of SmartPads. "We sell at a fixed cost, and we've found that when our clients partner with the right local General Contractor, there are real-time and cost savings for the owner. There is no contingency required on their biggest line item – the SmartPads home – which is a breath of fresh air for those involved in the home building process."
"Tiny homes, like the Hayden Village Townhomes, are a great solution for developers who own a land parcel or for investors looking for a high-yield rental return in a demand-centric rental market," said Fryer. "SmartPads, which also builds high-end custom prefab homes, is gaining fast traction throughout Colorado. In addition to the sales already closed in Leadville, Nathrop, Winter Park, Steamboat Springs, and Hayden, we are in robust discussions in Fraser, Eagle, and Avon."
The SmartPads homes listed above were sold by the Fryer Group from Steamboat Sotheby's International Realty. SmartPads is co-owned by Darrin Fryer and Ryan Cox.
