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Advantages of Tiny Houses

People who have lived in tiny houses speak glowingly about their many benefits. They say living tiny has made their lives better in numerous ways.

  1. Lower Expenses: A tiny house costs a lot less to build than a full-sized one. According to The Tiny Life, it’s possible to build a tiny house for $23,000 on average. The average price for a full-sized house, by contrast, is $272,000 – more than 10 times as much. Cutting back on housing expenses enables tiny house owners to put more money toward luxuries (such as travel), save for retirement by using what you might have been spending on a house payment to put into an IRA with TD Ameritrade, or simply work less.

  2. No Mortgage. Most people can’t afford to buy a house without taking out a mortgage, which only adds to the long-term cost. A 30-year mortgage at 4.5% interest raises the overall cost of the average house to $482,000. The Tiny Life reports that 68% of tiny house owners own their homes free and clear, as compared to just 29% of all homeowners.

  3. Lower Energy Use. Tiny houses don’t just cost less upfront – they’re also much cheaper to maintain. Bills for electricity, fuel, water, and waste disposal are all much lower. In addition, it’s much easier to live off the grid in a tiny house, since you can heat the entire space with a small wood stove and power it with a small solar array. Many tiny houses even have composting toilets, which break down waste without needing to be hooked up to a sewage system.

  4. Freedom of Movement. A tiny house has a small footprint, so it doesn’t require a large plot of land. In addition, many small houses are built on trailers, so their owners can take them along whenever they move to a new city. For many people, this is a way to enjoy life on the road without giving up all the comforts of home.

  5. Easier Maintenance. A tiny house is easy to take care of. With less space to clean and fewer appliances to repair, tiny house owners can spend less time on chores and more on their work, hobbies, and relationships.

  6. Harmony With Nature. The tiny house movement goes hand in hand with the environmental movement. Tiny houses require less material to build and less energy to power. Also, their small size makes them easier to site in a place that’s close to nature.

  7. A Simpler Life. A tiny house doesn’t have room for any kind of excess stuff: bulging wardrobes, elaborate electronics, and huge libraries of books and videos. Tiny homeowners pare their belongings down to the essentials, keeping only the items that truly enrich their lives.

  8. Earth Friendly. Do your part in being a good steward of the environment by becoming a Tiny Homeowner. By using drastically fewer resources, Tiny Homes have a lower carbon footprint and create far less demand for fossil fuels and other energy sources.9.

  9. Stress-Free Living. Owners of a Tiny Home do not have to deal with many of the stresses that come with traditional home ownership – saving you money on utilities, upkeep, and maintenance costs! By helping to minimize your lifestyle, Tiny Homes create more opportunities to focus your time and energy on what matters most in your life.

Reference Articles: https://www.moneycrashers.com/living-tiny-house-movement-plans/

https://www.cnn.com/2018/11/02/success/tiny-homes/index.html

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