Could You Live In A Tiny House?

Could You Live In A Tiny House?

– Many of us have thought about downsizing our homes at one time or another.  But, maybe not to the extreme that a tiny house can take it. Sure a tiny house has its perks like less initial expense, lower maintenance costs, insurance and taxes, going green and potentially the freedom to easily move it to a new location. However, it also comes with a completely different lifestyle than what most American’s are accustomed to.

Living in smaller spaces has become a trend in housing with numerous companies and websites that specifically deal in the flourishing small home industry. Commonly referred to as micro-homes, tiny homes offer a simpler lifestyle that is often free from the financial burden of a monthly mortgage payment. With 76 percent of Americans living from one paycheck to the next, the opportunity that tiny homes present can be very intriguing. Millennials are primarily leading the charge in the tiny house movement as they seek an affordable housing option while paying down student loans and credit card debt.

Temporary vs. Permanent Structure

Because the idea of very small homes is so new, many municipalities across the United States are unsure of how to handle them. Local zoning laws, taxes and land use codes are all factors that each municipality must come to terms on when dealing with small homes. The main issue that many towns and cities have found is that because many mini homes are built on a trailer chassis they can be governed as recreational vehicles as opposed to a permanent structure.

Could You Live In A Tiny House?

How To Use A Tiny Home

While some tiny home owners utilize them for their primary residence others offer the use of one for rent or as an extra guest house for caregivers or house guests. Alternatively, some little homeowners place it on a vacant lot that they plan to build on someday and use it as a vacation retreat.

Size vs. Cost Of Home

With the size of the American home trending upwards, a tiny home bucks the traditional mold of the American dream. With the average size ranging from about 100 to 400 square feet, the tiny home pales in comparison to the average size home of 2,392 square feet. The architecture of tiny homes varies in styling features from the sleek and modern to a rustic cabin with charm. The average cost of building a tiny home ranges from $15,000 to $45,000 depending upon size and type of materials used which makes it an extremely affordable alternative to home ownership. The small house movement has become a love affair with many Americans as they tune into Tiny House Hunters and the Tiny House Nation TV shows. Pinterest has hundreds, if not thousands, of boards devoted to the tiny home.

While the idea of a tiny home has a lot of glitz and glamour about it, it can also be overwhelming. Many tiny homeowners will attest to spending countless hours researching, designing and constructing their ‘perfect’ tiny home. Some people choose to build their own tiny home while others enlist the help of a professional to bring their vision to life. Despite the tiny size, there are still many decisions to make. From choosing a pre-made plan or building it custom, to building it on wheels or making it stationary. Not to mention the best storage ideas and what to use as a heating source. While potentially not as many choices as building a full-size home, there are still many decisions to make (and live with) for such a small space. If you think that a tiny-house may be a fit for your lifestyle, then you can find numerous resources on-line to learn more.

We Buy HousesCould You Live In A Tiny House?

Rick Toney

View posts by Rick Toney
Rick Toney Is A Seasoned Real Estate Professional With Over 25 Years Of Real Estate Experience, Writes A Weekly Real Estate Blog And Is A Principal of Blue Moon Realty Group And Mesa Realty Advisors. Blue Moon Realty Group Is A Residential Redevelopment Company Specializing In The Purchase And Renovation Of Older And Physically Distressed Homes (Flip This House Boston). Mesa Realty Advisors Is An Affordable Housing Developer Specializing In The Redevelopment Of Existing Low-Income Housing Properties. Rick Is A Certified Public Accountant (CPA - Retired) In The State Of California, A Certified Property Manager (CPM - Retired) And A Real Estate Broker In The States Of California (Retired) And Massachusetts.

1 Comment

  1. Regina BenderJanuary 28, 2018

    Good article.

    Reply

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