What to Know Before You Buy a Tiny House

    What to Know Before You Buy a Tiny House

    Apr 25, 2018

    Tiny houses are affordable, space-efficient, and often greener than living in a traditional single family home. With the increase in popularity of the tiny housing trend in the last couple of years, it is important to consider what kind of lifestyle changes comes with this type of minimal living and if it’s right for you. Before selling all of your world possessions for a tiny house, here is what you need to consider:

    1.    Your short-term and long-term goals – Most people spend a third or more of their income on their home. In the short term, you will be saving money on your home expenses. In the long term, you might have difficulty finding someone who wants to purchase your tiny home when it’s time to sell.

    2.    Practice before you take the plunge – Are you prepared for the minimalistic lifestyle? If you are unsure, rent a tiny house for the weekend and try it on for size. Try getting rid of personal items until you narrow down your list of “must haves” to just the essentials.

    3.    Research pricing in your market – Tiny homes are appealing to many due to price so make sure you know exactly what kind of home prices and rental rates are available where you want to live.

    4.    Balance form and function – Just because it is small, doesn’t make it better. If you don’t get a well-designed space that can be utilized to the fullest, a tiny house can feel crowded and the space, underutilized.

    5.    It’s a tough sell – While there are lots of people willing to sell you a tiny home now, you may be hard pressed in five years to find a buyer for your very custom-built tiny house.

    6.    Zoning complications – Tiny homes can be a nightmare for accurate zoning so make sure to do your research before going in.

    7.    The second home option – Many tiny home enthusiasts have traditional homes they go back to for the colder seasons. Don’t get sold on the idea by someone who isn’t living the lifestyle full time.

    There are many upsides and downsides to living in a tiny home. It is not for everyone. The most important thing to do before joining the tiny home trend is your homework. Research all your options, ask around, know your area, and think about your long-term home goals.