It is no secret that building a home from scratch is a daunting task. From high costs, unforeseen circumstances, and months and months of hard work, building a traditional home is a grueling process. You have to hire professional builders, contractors, carpenters, plumbers, and more. In addition, set a specific budget and work hard to stay below it.
However, if you love the idea of building your own home but do not want to deal with the headaches that come with building a traditional home, you should consider building a tiny house.
A tiny house is any type of housing structure that is significantly smaller than traditional homes. While some tiny houses are built on foundations like traditional houses, most are built on top of small trailers.
The idea for tiny houses is to live within your means and reduce clutter. However, while small, these tiny homes are just as functional as regular homes and serve as an affordable alternative. People can choose to live full time in their tiny home or turn it into an investment, monetizing their property and turning it into a unique vacation rental; the latter actually may be to the benefit of some home builders, as reliable lenders tend to give unique rates to people investing in vacation rental properties.
So if you are considering investing in a tiny home, here are all the benefits they have to offer.
One of the best things about investing in a tiny home is that it does not break the bank like building a traditional home does. On average, a tiny home costs just over $20,000, while the average price of a full-sized house is around $300,000. By cutting back on expensive housing costs, tiny homeowners can put more of their savings into luxuries and experiences like traveling the world.
One of the biggest reasons people struggle to afford a full-sized house is because of high mortgage rates. However, because building a tiny home is so cheap most people do not need to rely on a mortgage to fund their home. Without any long term costs, people can put more into their tiny homes and live a life full of financial freedom.
It is no secret that building a full-sized house from scratch can take long periods of time to complete. Not only do you have to build and design an enormous structure, but you have to find the right kind of land to support a traditional home and its amenities. However, tiny homes take significantly less time to construct. According to the US Census Bureau, traditional homes take around seven months to build, while tiny homes can be built in as little as 20 days.
When it comes to flexibility, there is nothing better than a tiny home. Since tiny houses are so small, they can be built on almost any terrain and do not require a large piece of land. In addition, if you love to live in different cities, you can attach your tiny home to a trailer and easily move wherever you want to go, whether you want to live off the grid in a forest or among civilization.
Nobody likes doing chores. While maintaining a full-sized traditional home may seem never-ending, tiny houses are quite simple to take care of. Since a tiny home has significantly less space and fewer appliances, tiny homeowners can enjoy quick clean-up times allowing them to do more of what they want to do in their free time.
Since tiny homes are so tiny, opting to live in a tiny house can drastically reduce your carbon footprint. While utilities like fuel, water, and electricity can cost a pretty penny in a traditional home, energy bills are much smaller in tiny homes.
While tiny homes are not for everyone, there are plenty of enticing benefits that they provide if you are willing to sacrifice some space. If you are looking to save money and live a unique lifestyle, consider investing in a tiny home today.