All You Need to Know about Buying and Owning a Tiny House
The Tiny House Movement is gaining speed for many reasons, such as environmental concerns and financial concerns, and the desire for more time and freedom. Owning a tiny house has a lot of benefits, but what are they?
Did you know that 68% of tiny house owners have no mortgage, compared to only 29.3% of all U.S. homeowners. This makes them a financially sound solution who like to be debt free. Also 78% of tiny house owners own their home, compared to just 65% of traditional homeowners. The average cost of a tiny house is $23 000 if built by owner, which makes it very affordable, especially if you source a lot of reclaimed materials. If you hire a builder the price will be around $50 000, since the labor costs to build a home can be anywhere between 40% – 60%.
Land and Building
Building a tiny house comes with its challenges, the first one being that finding land for your house can be hard. You need to find a plot of land, which is close enough to your community and job opportunities and it is often hard to find a place for a tiny house in cities. Another requirement is for the land to have electricity, water, cable internet and trash service. There is a long list of things you need to build your house. Starting with a finding a trailer and building a foundation and finishing with building the bathroom and installing appliances. This site has some very good downloadable building manuals and other resources, which will make your life easier if you are building it yourself.
If you believe that downsizing is good for your bank account and the environment a tiny house will help you enjoy a simple living, with much more freedom and purpose. There are many benefits to being a owning one. A smaller home takes less time cleaning and maintaining, and the monthly upkeep and utility costs are only a fraction of the bills of a normal size home. And since you don’t have a lot of storage, you end up spending less on useless stuff and saving a lot of money, for more important things like travel.