There are many attractive reasons to buy a tiny home. These houses tend to be significantly cheaper than standard homes, costing an average of $23,000 to build. In comparison, a regular-sized home costs around $272,000. Tiny houses are less expensive to maintain, and some are built as mobile units that can be transported easily from place to place. However, tiny homes have some drawbacks you should be aware of before you invest in purchasing one. Here's what you need to know.
You Need the Right Lifestyle
You have to adopt a specific type of lifestyle to live comfortably in a tiny home. First, the number of people who can be in the house at any one time is limited. The average tiny home is about 100 to 400 square feet in size, which is really only enough room for one to two people to live comfortably. Depending on the layout of the home, you may be able to have a few guests over for dinner. However, any large shindigs involving more than four people will likely need to be held in other venues.
Second, you have to be down with a minimalist lifestyle because there typically isn't a lot of room to store stuff. For instance, instead of having shelves of hardback books, you may have to settle for keeping your collection on a tablet. In fact, many tiny-home owners have offsite storage units for stuff they want to keep but can't fit in their houses.
You May Have a Hard Time Selling
Although everyone seems to be talking about tiny homes these days, especially with the proliferation of television shows revolving around them, the reality is that these homes will appeal only to a small subset of the population. Tiny homes are essentially only a good option for singles or couples who don't plan on having children or retirees looking to downsize from full-sized homes. Even within this demographic, only a small percentage may be willing to put up with the challenges associated with living in such a confined space.
This means that when it comes time to sell the home, you may have a hard time finding a buyer. However, that doesn't mean the home will be completely useless. If your tiny home has been built to be mobile, you can relocate it to your new home and use it as a private space for guests or rent it out for extra cash.
For more information about buying and selling tiny homes or help with finding the best home for sale for you, contact a real-estate agent.