Is the growing popularity of the tiny house movement based in innovative spatial design and the intriguing idea of minimalistic living, or actual buyer interest? Despite a growing buyer segment, only 1% of homes sales are “tiny homes” (less than 1,000 square-feet).
There are valid benefits of tiny living–most tiny homes cost around $20K-$50K, which makes homeownership a realistic option for entry-level buyers that have been priced out in the majority of housing markets. Investing in a tiny home could also be more economical than renting given the continual rise of rental rates over the past four years. CustomMade points out other fairly obvious advantages of going tiny:
- Flexibility of being able to relocate (if built on a trailer base)
- More disposable income in the long-run
- Low impact on the environment
Tiny home pioneers are predominantly millennials, which speaks volumes about the lack of supply of affordable rentals and homes. A transition to the tiny lifestyle is not for everyone however–CustomMade’s infographic “Could You (Really) Live in a Tiny House?” aims to gauge if characteristics of tiny homes would (really) meet your needs, or if quaint tiny living is more of a pleasant thought.
Benefits of going tiny:Important considerations:
Read more about the benefits of living tiny in CustomMade’s full article >>