Explaining the Tiny House Trend…
According to the U.S. Census Bureau’s 2018 data, the median size of a single-family home in 2018 was 2,436 square feet. On the other hand, a tiny house traditionally measures 2.4 by 5 meters or approximately 129 square feet. It contains a living room, a sleeping area – typically as a loft, a kitchen, and a bathroom.
A smaller house encourages living simply and more freedom from debt. A tiny house comes with a smaller environmental footprint and also offers homeowners more mobility.
The idea of a tiny home has always been around. For instance, Jay Shafer is primarily credited with jumpstarting the tiny house trend. In the late 1990’s he built a mobile tiny house on wheels for himself and published his first article about the benefits of simple living. Shafer later founded the Tumbleweed Tiny House Company, which is the first U.S. company to sell building plans and details specifications for tiny houses.
The most recent explosion of interest likely followed the mortgage crisis of 2007 – 2008. As hundreds of thousands of Americans lost their home, the next generation of potential homeowners sought to avoid the debt of a large house.
The Internet and television also helped popularize tiny homes. Television programs such as “Tiny House Nation” and “Tiny House Hunters” took people inside the world of tiny homes. These television programs showed viewers examples of real people who made a tiny home into a reality.
In 2015, a nonprofit organization was founded in Florida called the “American Tiny House Association,” which promoted tiny houses. Additionally, new zoning legislation in different states began establishing tiny homes as permanent residences.
A tiny house is a home that is generally between 100 and 400 square feet, although there is no definitive maximum size. However, anything above 500 or 600 square feet is typically considered a small home, rather than a tiny house.
How Much Does a Tiny House Cost?
Tiny houses can significantly vary in price depending on the materials, customization, and choice of builder. Numerous made-to-order tiny homes range between $10,000 and $180,000.
The median cost for a fully equipped tiny house on wheels built by a professional is about $60,000. You can also try to do it yourself for about $30,000 to $40,000. The cost is quite reasonable compared to the median sales price of a single-family home in 2018 for $326,400.
Most tiny homes are on wheels. This gives you the ability to travel and move around as you please.
Some tiny homes are not built for travel and require access to electricity and a water hookup.
2. Less Debt
Many homebuyers are attracted to tiny houses because of the cost.
3. Energy Efficient
In addition to a lower purchasing price, your utilities are also more economical because of the smaller energy needs of a smaller home. Lower energy usage means a smaller environmental footprint.
4. Can Help Save Money
A tiny house means simple living and not accumulating a lot of possessions because you physically cannot store things in a 100 square foot home. Many homeowners choose a tiny house to get out of debt and save money.