Living Big in Tiny Homes
The high cost of living in the United States starts with its crazy housing market. According to the Department of Housing and Urban Development, the median rent for a two-bedroom apartment in New York metro area costs $1,638. A lot of people are looking for different ways to afford a house depending on where they live.
The idea of looking for affordable yet good-quality homes paved the way to the birth of tiny homes. This trend is getting famous nowadays and many people are getting interested in building their own tiny homes. There may be some disadvantages, yes, but the advantages can outweigh them. Imagine living free from rent, mortgage, and utility bills. Imagine you could build this kind of home yourself all for a very affordable price.
We are living in a rapidly changing world, as economic and environmental activities continuously force us to re-evaluate our way of living on this earth. Tiny homes are designed to promote the beauty of living simply and yet still with everything you need. The idea is to have the freedom to live a bigger life, instead of having a bigger house.
A tiny house is a small house that is typically sized below 600 square feet. Tiny houses that can fit on a trailer have maximum dimensions of 8 feet 6 inches wide, 13 feet 6 inches tall, and 40 feet long providing a total maximum of about 340 square feet. Often, these houses are built on trailers since they are too small to be allowed as permanent structures according to most local code enforcement agencies.
Tiny homes just like any other structures may be rented or owned. You have a lot of options when it comes to tiny homes. You may choose a mini home on wheels or your small home may set on a foundation. Most tiny houses are independent structures wherein some are parked on land with other buildings or a larger home.
Tiny House Movement
This is also known as the “small house movement”. It is an architectural and social movement that advocates living simply in small homes. There is currently no set definition as to what constitutes a tiny home. However, a residential structure less than 500 square feet is generally considered a tiny home. The tiny house movement promotes financial prudence, economically safe, shared community experiences, and a shift in consumerism-driven mindsets. Some of these people buy their tiny house and some choose to build their own. The logic behind people wanting to build tiny is normally because of the following reasons:
- To save money
- To simplify life
- To help the environment
The Tiny House Movement is a sweeping phenomenon in the United States, because of the recent economic troubles where many people lost their homes.
Why People Move Into Tiny Homes
More people are getting into this affordable housing craze. The tiny house phenomenon redefines what makes a house a home, empowers the people for a better future. Tiny homeowners come from all walks of life.
Studies conducted revealed the reasons why people move into tiny homes.
- Sixty-eight percent of tiny homeowners have no mortgage, compared to 29.3% of all U.S. homeowners.
- Tiny homeowners have less credit card debt than the average American.
- Fifty-five percent of tiny house people have more savings than the average American, with a median of $10,972 in the bank.
- Seventy-eight percent of tiny house people own their home, compared to 65% if homeowners with traditional houses.
- The average cost to build a tiny house is $23,000 if built by the owner. The average cost of a standard-sized house is approximately $272,000 excluding interest.
- Thirty-two percent of tiny house people have more than $10,000 saved for retirement.
- Tiny homeowners are twice as likely to have a master’s degree while they are on par with the average college graduation rates.
- Two out of five tiny house owners are over 50 years old. The average income is $42,038, which means that on average, tiny homeowners are earning $478 more annually.
If you are interested in living in tiny homes, there are a lot of home builders whom you can ask for professional advice.