Thinking Of Buying A Tiny House? Here Are Some Things To Consider Before Taking The Leap

In recent years the hot trend in the housing market is to either build your home really large, or really tiny. You might be thinking of buying an existing tiny house and are unsure whether or not this is the right move for you to make. While it might seem like a great idea, can you really live in such small quarters? It might not be as hard as you think it is, as many tiny homes are rather spacious. Here are some things to consider before buying a tiny home.

How Tiny is the Home?

Tiny homes typically range in size from about 100 to 400 square feet. There are tiny homes that are larger but they rarely exceed 500 feet. If you are coming from a house that is over 2,000 square feet, this will certainly be a drastic change and will take some getting used to. However, if you are renting an apartment, it may not be that much of a size differential depending on the size of tiny home you are considering. If you spend a lot of time away from your home at work, or you spend a lot of time with friends or in the outdoors, a larger house might be too big for you anyway.

More Economical to Run

While usually not the primary reason to buy a tiny house, they definitely are more cost effective to run than a larger house. There are many tiny houses that operate completely off-the-grid, with solar powered energy, composting toilets, and rainwater catchers instead of being hooked up to the city's utilities. If the house is hooked up to the power lines and city water, the cost is usually much less to access these utilities than if you had a regular sized house.

Tiny House Price

The price of buying a tiny home will definitely vary from city to city, due to the size of the house and the type of fixtures the house has. A brand new tiny home can range from $40,000 to over $75,000, and one you are buying from an owner is usually in the same price range. If you want to place your tiny home on land and take it off a trailer – should it be on one – then you will have to factor in the cost of land and building a foundation for it. It is a good idea to check with your city or town to find out if tiny homes are allowed in your city, and what the zoning is in each area.