Even after the massive housing crash of 2008 homes are still at price levels that most people cannot afford. It’s no wonder then that the tiny house movement is gaining momentum, particularly in the United States (Europe has been living this way for years, as have Asian countries). With people incurring mountains of debt trying to “live large”, tiny living is seen as an attractive way to dig out of that mountain.
Tiny homes are typically 200 to 500 square feet in total; many are built on trailer chassis for ease of movement. Since there is not a lot of room for clutter, furniture is added on a needed basis rather than just from want. It is somewhat of a minimalist plan since every piece in the house needs to serve a purpose, or in most cases a dual purpose such as a futon that can serve as both a sitting area and a bed.
Most tiny homes can be purchased for approximately $50,000 dollars (on the high end), and if a person is good with tools one can be built for as little as $20,000 dollars. When you think about the cost of an average 2500 square foot home being approximately $250,000 dollars, with interest on a 30 year loan that can add up to almost $450,000 dollars! Add to that maintenance and repair costs, and you’re talking about a hefty chunk of change. Paying that type of mortgage along with other monthly expenses leaves little to put in the bank for emergencies or retirement. Most people who purchase a tiny home do so outright, with no monthly mortgage costs. Imagine the vacations you could take with that type of savings; travel around the world doesn’t seem so out of reach.
There’s also something to be said about the reduction of stress and health issues as well. Those who are constantly worried about monthly expenses, or whether or not they will be kicked out of their home because they can’t afford to pay the mortgage will incur heath problems from the amounts of stress they endure. Stress can cause sleeplessness, headaches, high blood pressure, depression, poor judgment and overeating. All of this can lead to long term problems and in some cases can even cause damage to areas of the brain.
Another way some are adopting the tiny living lifestyle is with recreation. The teardrop trailer camper is seeing a resurgence in popularity, although they have been around since the 1930’s. The original models were built by hand using plywood sheets on a trailer chassis. Modern teardrop campers range in size from approximately eight to 10 feet in length and approximately six foot wide. The original units consisted of a simple sleeper with minimal storage and a separate compartment for storing a cooler and cooktop. New models come with a myriad of options such as water storage for a sink, starlight viewing windows, and even solar converters if you are in an area with no electric hookups.
Living small can not only help the bank account, but can help relieve stress levels as well. Let’s face it, what’s the use of having a large home if you’re not around to enjoy it?
What Is The Tiny House Movement & How Can It Change Your Life? Credit Picture License: Earthworm via photopin cc