The concept of tiny homes has been around for decades, but with housing prices increasing to sky-high levels of absurdity, and cities becoming too congested, many are turning to tiny homes to satisfy their need to own a beautiful property and maintain a sense of adventure. You can either park your tiny home on a lot you rent out for a fraction of the price, or you can travel throughout the country if you work remotely or are retired. There are so many possibilities when you own a tiny home, but the tiny living model is not right for everyone.
They are a very small space that you need to live in, which means that you will need to commit to significantly downsizing your life and to keep it small. To help you decide whether a tiny home is right for you, go through these top considerations:
The Pros of a Tiny Home
There are many pros and cons of the tiny house movement. Considering the way the housing market is going, however, it’s safe to say the movement isn’t going to stop any time soon. If anything, it will grow, and both societies and companies alike will start catering to the mobile tiny home community. Some pros and reasons why you should invest in a tiny home include:
Beautiful Custom Design
Though they are still expensive, when compared to a full-blown house or apartment, tiny houses are very cheap. Better still, their cost is for a fully customized product that is built to suit your needs and interests. If you are a couple of artists who want a tiny home to travel and paint, then special storage for your art supplies can be added. If you are a musician, then special soundproofing can be put in place, and so on.
The Ability to Travel in Luxury
Move over dingy RVs, forget uncomfortable flying experiences, and rethink the road trip, because with a tiny house you can travel in luxury.
The Ability to Own a Home of Your Own
A custom-built tiny house can cost around $100,000, which though expensive is still a lot cheaper than a house or even an apartment. With housing prices skyrocketing, this is how many young people are looking to own property.
How to Afford a Tiny Home of Your Own
If you are set on owning a tiny home, all that is left is to find a great tiny house builder and to work out the costs. Once you have those costs, you can work on finding the appropriate funding method for you. So how do you finance it? There are many tiny house lending options out there, but you need to work out which option is best for you based on your savings, credit, and circumstances.
Owning a tiny home is an exercise in minimalism, luxury, and adventure. If tiny living is right for you, then you have so much ahead to look forward to.