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Some individuals have altered their way of life with the tiny house movement. They have adjusted to fewer belongings and smaller spaces and are looking to save money and focus on better experiences and relationships. But, is a tiny home right for you?
What is a Tiny Home?
A tiny home is characterized as a single-family home that is around 400 square feet or less.
Tiny houses come in various styles. You can have either a modular, manufactured home or traditional stick-built home, both constructed on a permanent foundation. These are at the higher end. There is also a method that uses a mobile trailer as the foundation, but conventional materials for construction. Some people have even converted their storage container or shed into a tiny home.
Advantages of Tiny Homes
As with any important financial decision, you should consider both the advantages and disadvantages of tiny homes before committing to investing in one.
Some advantages of investing in a tiny home are:
Now, compare that to the often couple of hours it takes to complete the same chores in a bigger, standard home.
Because tiny homes create “a minimalist lifestyle”, this means you enjoy decreased maintenance and expenses which frees money and time to live your life.
Disadvantages of Tiny Homes
Of course, there are some disadvantages to consider with tiny homes, including:
Tiny homes aren’t for everybody. But, they can be your next step if you have already embraced a minimalist lifestyle. And, if you like to travel all over or be free of mortgage payments, a tiny low-cost home may be just the answer. But, even with a tiny home, you still have a big decision to make to ensure it is the right match for your needs.