In a time where bigger houses mean better lives, many people are now trying to escape the rat race and go back to simpler living. Tiny living has become a movement in recent years, with more and more people getting rid of high costs of living and city dwelling for more serene and minimal lifestyles. But is tiny living for you? Here’s what to consider before buying a tiny house.
Is Tiny Living For You? What To Consider Before Buying A Tiny House
This post is written by our staff writer, Kimberly Studdard.
Can you even do it?
Before buying a tiny house, the first thing you should consider is if it’s even possible for you to do.
- Does your city allow it?
- Are you willing to move to a new city, or even state, to do so?
- Are there any limitations that you have in your life that would hinder you from making the switch to tiny living?
While some cities and states are considered tiny living friendly, there are quite a few who prohibit small home dwelling. Some city ordinances say that your home must be at least 450-600 sq ft, which is small by some people’s standards, but not really in accordance with tiny living (where homes are 80-350 sq ft).
If you’re wondering about building or buying a tiny house for yourself, you need to know your city’s laws, and if it’s allowed. If it’s not, you’ll have to ask yourself if it’s worth moving to a different area for the opportunity to live in a tiny home.
Can you handle different emotions and personalities well?
For single people, tiny living is an ideal concept, since they don’t have to worry about unused space and extra cleaning. However, if you have a family, a smaller space is something to consider before buying a tiny house.
- In such a tiny space, will you still get along with your family?
- Will your kids have the space and opportunity to grow on their own and have a space they can go to?
- What do you do if you get into an argument or you need to put the kids in a timeout?
While many families are able to make tiny living work for them, some just can’t. This isn’t to say that you don’t like your family, but it just means you may need just a tad more space. Tiny living certainly for everyone, so asking yourself if you can handle a bunch of people in such a small space is worth the thought.
While tiny living used to be discussed as an affordable option to rising housing and rent costs, now, a tiny house can be around the same price as a home three times the size! Some tiny homes are going for as much as $200,000, which may be affordable in San Francisco, but not as affordable in a small town in Georgia. This is definitely something to consider before buying a tiny house, especially if you are doing it to save money long-term.
While tiny living can save you money on utilities, including heating and cooling costs, if you’re still paying a high mortgage, and paying for the land to park or move your tiny home, it may not be worth the cost.
Could you do this long-term?
Along with costs associated with tiny living, and the fact that you may have to share the space with one or more people, could you live in a tiny home long-term? If you can, great! Take the leap and get the tiny home of your dreams. If not, will tiny living be worth it for you?
Even if you’re thinking about tiny living for the short-term, you’ll still have things to consider when buying a tiny house.
If you’re able to:
- cut costs,
- save money in those few years, and
- pick up where you left off…
…then it may be worth it.
But, if the tiny home is just as expensive, or if you have to spend your free time building a tiny home that you’re only going to stay in for a year or two, then it may not be worth it for you.
While tiny living can be a blessing for many people, and help you live minimally while still owning your own home, it won’t work for everything. Before taking the leap, make sure you consider these questions.
The post Is Tiny Living For You? What To Consider Before Buying A Tiny House appeared first on Life And My Finances.