Are You Ready to Invest in the Tiny House Movement?

Published on January 27th, 2016

You may have heard about the socially-defying Tiny House Movement, especially if you have seen HGTV’s Tiny House Hunters. For those of you who don’t know, the movement is about downsizing your space from the typical 2,000 square foot home to one that is 400 square feet – or less.

 

[caption id="attachment_972" align="alignnone" width="1250"]Bus_House A refurbished bus turned tiny home. (Image courtesy of Houseb.us)[/caption]

 

These homes come in all different shapes and sizes. From wooden homes on wheels to refurbished buses, people are completely customizing their small spaces and living with the bare minimum.

 

It may seem crazy to live in a house the size of your current living room, considering the average American spends at least 30% of their income on house payments, property taxes, and household repairs. The overall cost of buying a home over 30 years could cost you a whopping one million dollars. Downsizing doesn’t seem so crazy now, does it? Tiny living offers more time and freedom, less financial concerns, and a greener footprint.

 

[caption id="attachment_973" align="alignnone" width="2464"]iStock_000046237412_Medium A tiny tropical cabin - perfect for retirement. (iStock)[/caption]

 

Although you may think this is just a fad brought about by Millennials, 2 out of 5 tiny homeowners are over 50 years of age. The tiny space provides for easier movement between the kitchen, bath, and living spaces, also there is less to clean and maintain. A tiny home is perfect for retirement as it can be moved to exotic locations and you can customize it for handicap accessibility.

 

Critics claim the trend is a hoax -- people are buying tiny homes just because they are poor. Surprisingly, the average income of tiny home owners is $42,038, almost five-hundred dollars higher than the average American income.  The tiny house trend is real and it would be worth the investment, but you should decide carefully if it is the right move for you.

 

If you have any home-related questions, tiny-homes or other, please reach out to the Team today!

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