Tiny home living is a prevalent aspect of the modern real estate sector. But what should people know before they consider downsizing to a tiny home? These homes have been on the immense rise recently as they are associated with a wide range of benefits, including eco-friendly and cost-effectiveness. They are also great for one’s pocketbook while some people choose them for their simplicity. When moving to a tiny home, one must understand some crucial things before making a critical decision.
What is a tiny home?
A tiny home refers to any living structure that measures below 400sq feet and is way smaller than the detached single-family homes in North America that averagely measure 2600sq feet. In addition to being tiny, these homes are also mobile, which means that the owners can either travel with them anywhere they go or place them on a solid foundation as permanent homes. Therefore, they are ideal for people who love travelling but do not like looking for different housing at every destination. As such, the homes allow one to enjoy the normal living conditions even when they are away from their residential location.
Motivations Behind Tiny Home Living
People consider downsizing to smaller homes for many reasons, including:
· They eliminate mortgage but still help the owners to qualify for home insurance.
· They are ideal for people that love travelling and carrying their homes along.
· Some young millennials look forward to owning homes but cannot afford the larger costly houses.
· Tiny homes minimize the carbon footprint.
· They are great for retirees that want to travel the world and downsize at the same time.
Benefits of Living in Tiny Homes
The number of people downsizing and moving to smaller living spaces has tremendously risen over recent years for several reasons, some of which are stated above. But what are some of the benefits that come with living in tiny homes?
· Tiny homes help the owners to reduce their carbon footprint significantly. It is one of the leading impacts of living in smaller homes, in the end, saving the environment. These homes are highly efficient in terms of eco-friendliness as they require less energy to heat and cool. Downsizing means reducing one’s living space significantly and, in the end, minimizing the greenhouse gas emissions into the ecosystem by as much as 36%.
· Tiny home living also helps people to save huge amounts of money. Unlike ordinary large homes, these homes cost much less. With several thousands of dollars, one can afford a home and save the rest for other uses instead of going for the usual huge homes. It does not matter whether one gets a contractor to build their tiny home or DIY. Either way, one still saves lots of money.
· Tiny homes also help people live like minimalists who are crucial in the modern world, emphasizing minimalism. By reducing the living space and getting rid of unnecessary things, people focus more on life experiences than materialism. Living in small houses allow people to simplify their life and live more efficiently with fewer items.
· Tiny homes also improve lifestyles as less living space inspires the occupants to do more activities outdoors and pursue their hobbies.
With all the downsizing benefits discussed above, it is a great idea to consider moving to tiny homes. Additionally, one can also use these homes as an office or workshop. Alternatively, one can also rent them out and earn extra income.