Tiny homes have really become the new sensation in home building. They’re sustainable, economical, practical, and they can honestly change your whole lifestyle. As real estate prices continue to rise, building a tiny home is a great budget-conscious option for those out there not wanting to break the bank, and ultimately wanting a simpler lifestyle.
A tiny house is considered any home at or under 1,000 square feet. True tiny living averages around 100-400 square feet, but even 1,000 square feet is dramatically lower than the average square feet of most homes in America, which is at 1,400.
The cost to build a tiny home is significantly less just because of the size and the amount of materials used. For example in Tennessee the cost to build a tiny home can range from $20,000 to $50,000 while the average “normal” home in Tennessee starts at $170,000. So that just gives you an idea of the price difference. If you decide to build a tiny home, it is likely your mortgage will be extremely low, or you may have no mortgage at all! In addition to a cheap mortgage, your monthly expenses will also be a low cost, because of the efficiency of the small home you’re living in.
There are a lot of positives to tiny living, but it is definitely a lifestyle that you have to adjust to and get used to. Maybe you’ll find tiny home living is the life for you!