Advantages of Living in a Tiny Home
Tiny homes are becoming more and more popular. There are a ton of advantages such as, accumulating less, being outdoors more, and costing less.
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Bigger isn’t always better. Anyone living the tiny home lifestyle can confirm that small living offers many full-size benefits. Advantages of tiny homes fit into three main categories: financial gains, environmental benefits and psychological benefits. Some buyers focus on one main benefit, while others like the full gamut of advantages that come along with owning a small house.
This might sound impossible for some, but the rising demand in tiny homes proves that the concept of living small is not a bad idea at all. In fact, homeowners that began to downsize their living space can attest to the oversized benefits that come with the tiny home lifestyle!
Now, even the minimalist lifestyle is also piquing interest, including that of media. This is evident in magazine features and television shows, like “Tiny House Hunters”, “Tiny House Builders” and “TINY: A Story of Living Small”. Whether you’ve gotten enticed by the media or you’ve simply decided to minimize expenses and opt for a greener lifestyle, living small has so much to offer.
Do you want to adopt the tiny house lifestyle as well? Check out this infographic, “7 Reasons Why Tiny Homes Are Worth It,” to know the reasons why living in a tiny home doesn’t leave room for regret.”
Whether you’re ready to downsize now or are just beginning your tiny home research, fully exploring the advantages and the options helps you transition to the lifestyle. Keep reading to discover all the potential pros of going small.
Basics of the Tiny Home Movement
House sizes have increased steadily in recent decades. The median size of new single-family homes sold in 2015 was 2,520 square feet. That’s much larger than many of the homes from our parents’ or grandparents’ generations.
But not everyone craves massive spaces. The tiny house movement counters the “bigger is better” mentality by returning to the days of smaller homes. The idea is to cut down to only the essential to lead a more fulfilling and financially stable life.
Tiny homes range from 100 to 400 square feet, with an average size of 186 square feet – much smaller than the average modern home size. The tiny home movement is more than a shift in housing. It is a social movement, aimed at living a more rewarding life with financial and emotional freedom. Blogs and TV shows based on the movement continue drawing mainstream attention to shrinking house sizes. The advantages of building a tiny home outweigh the sacrifice of space for the people who choose to jump on the tiny house wagon.
Who is joining the movement? Tiny homeowners come from a variety of backgrounds and have different motivations for downsizing. Here are some examples:
Millennials who couldn’t otherwise afford a home of their own
People who want to own a home but don’t want a mortgage
Retirees who want to downsize
People who want to reduce their carbon footprints
Adventurous types who want to spend more time traveling
Individuals who want to take their homes with them when they move
Homeowners who want to simplify
In the initial stages of the tiny home movement, most structures used the traditional wood construction on a smaller scale than traditional homes. As the industry gains traction, tiny homebuilders continue seeking out efficient ways to build homes. Steel is gaining ground in the industry, thanks to its energy efficiency, cost-effectiveness, eco-friendly quality, and durability. Thanks to the popularity of tiny homes, the building plans, materials, and innovative designs continue expanding, giving you great flexibility in the finished product.
Build for Less
The financial advantages of tiny homes begin right away with cost-effective building methods. It costs much less to build a tiny home than to build a larger home. That lower cost opens up the option to buy for individuals who might not otherwise be able to afford a house. It also appeals to young people who may have lots of college debt or haven’t saved up a large down payment for a home.
The specific cost of a tiny home depends on several factors, including the type of building, size, features, and finishes. Prices typically range between $19,000 and $50,000. Tiny homes with higher end finishes or specialty features can go higher, but most tiny homes come in well below the 2015 average new home sale price of $360,600. The cost of land is another factor if you don’t already have a spot to place the home.
A tiny home gives you the option to build at a fraction of the cost of a traditional home. Here are some of the reasons building a tiny home is more affordable:
Fewer appliances to own because of the limited space. Tiny homes typically have small refrigerators and a small cooking appliance. Some may have small washing machines or dishwashers
Smaller amount of materials needed to cover the smaller surface area, including flooring, siding, windows, and cabinets
Less time to build, resulting in lower labor costs
Simplified systems without expensive parts and extensive installation processes
No basement or large, intricate foundation
Choosing cost-effective materials helps keep the initial cost of a tiny home low. Steel is an affordable building option for small homes. Complete your steel tiny home with affordable yet durable finishes to keep building costs down and minimize ongoing upkeep costs down the road.
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