August 03, 2016
Ever since the real-estate market fell years ago, more people have been thinking of ways to simplify their living situation and save money. One of these solutions involves buying or building a Tiny House - generally less than 500 square feet - on small plot of land. This is much smaller than the average American home of about 2,500 square feet. Let’s look at a few reasons why you might want to start looking at tiny houses:
For a lot of people, a third of their income goes to paying for their housing costs. Tiny house dwellers have an average of 55% more money in their savings than average and virtually no credit card debt.
Mortgages won’t be an issue either, as these small houses only cost $10,000 - $40,000 - a fraction of a normal home. And utility costs? Practically non-existent.
A smaller home means bigger incentive to get out of the house. Aside from the fact that some tiny homes are mobile, all of them are perfect for those who love to travel and experience the outdoors. If you’re away for an extended period of time, the house could even be rented out.
"Tiny house dwellers have an average of 55% more money in their savings."
With under 500 square feet of personal space, expect to get closer with loved ones. Where there’s enough rooms in normal houses to practically never see eachother, that definitely won’t be an issue here.
Too much stuff means clutter and stress. Tiny homes force residents to pick their belongings carefully, so only very useful and important items make the cut.
At the center of the Tiny House Movement is sustainability. With so much waste happening every day, it will be personally gratifying knowing that living in a tiny house saves energy and creates very little waste.
Tiny houses might not be for everyone, of course. But with so much to gain, it’s definitely time to start looking at them as an option for your next home.