Latest News

Tiny Home Living

March 12, 2021

Something small is changing the housing market in a big way --enter tiny homes. An increasing number of people are choosing to downsize and simplify their living spaces, making these small dwellings more and more popular. But if you're wondering what exactly is a tiny home and why are so many people scaling back their lives to fit in 400 or fewer square feet, you are not alone. What exactly is a tiny house? What is the tiny house movement? What does tiny living mean? 

What is A Tiny Home? 
To put it simply, tiny houses are typically a home with square footage between 100 and 400 square feet. Some homes are built with wheels, while some are permanent fixtures set on a foundation. They are usually independent structures and can either be on their own lot or the lot of a bigger building or home. A few tiny home dwellers design and build their own, but plans and kits are often purchased to create these spaces. These small real estate structures come in lots of shapes and forms, but all of them focus on the essentials and living a more simple and efficient life. 

What is the Tiny Living Movement? 
For some, simplifying their life to fit within the walls of a 100-400 square foot home seems chaotic and stressful, but for others, cutting out the excess in their lives is precisely what they need. There are many reasons people are downsizing to these tiny dwellings; among them are financial concerns, the environmental impact of standard-sized living, and the desire for more freedom. While this lifestyle isn't for everyone, it certainly is the answer for some. Tiny homes offer the ability to live with a smaller environmental footprint, something that is of increasing concern to many people, as well as the financial freedom that comes along with not paying a 30-year mortgage. Tending to a smaller home also frees up a lot of time for many homeowners, giving them the flexibility to live life on their own terms. Although there are many perks to living in a tiny abode, it does not come without trade-offs. Scaling down possessions to only include the essentials can be rewarding yet challenging for some. Hosting guests can also be problematic with the lack of additional space. Still, many of these obstacles can be overcome with a little bit of creativity and commitment to the lifestyle! 

What Does Tiny Living Look Like?
Small does not only define the space tiny home dwellers live in but also their bills. Living in a tiny home can deliver impressive savings to those who choose to make a move into one of these little abodes. The average cost to build a tiny house is $23,000, while the average price of a standard-sized house is approximately $272,000. 68% of tiny homeowners have no mortgage, compared to 29.3% of typical U.S. homeowners, so it is no surprise then that 78% of tiny house residents own their home in contrast to the 65% of homeowners with traditional houses. 

Not only are tiny homeowners able to save money when it comes to the home's cost, but they can also realize savings in the house's upkeep. With less square footage to maintain, costs of repairs are significantly less than with standard-sized homes. It is clear to see why some financially conscious Americans are pairing back their lives for tiny living. 

By living in a smaller space, people can reduce their energy needs and their waste build-up, creating a more environmentally conscious way of life. Many of these little houses also come with renewable energy sources, helping to pair back their energy consumption even more. With less space to control, heating and cooling systems are generally smaller and more energy-efficient, saving money and the environment simultaneously. 

Living in a tiny home also means significantly reducing your belongings. With limited space, residents of these small homes have to get creative with storage solutions. This means focusing on the essentials and getting rid of any unnecessary possessions, sometimes eliminating the sentimental objects most of us collect throughout the years. While this lifestyle may seem stressful for some, tiny home dwellers appreciate the simplicity associated with owning and maintaining fewer possessions.

There are many facets to tiny home living, and these are just the basics, but it is clear to see the appeal that living a smaller, more sustainable life has for some. With fewer bills, less waste, and more freedom to live as you want, these tiny homes are gaining a big following. 

Get Fast Answers!