After the housing crisis of 2008, many homeowners grew disillusioned with the McMansions that had gotten them deep into debt. Aside from their super-sized mortgage, large homes typically also carry a large utility bill to heat, cool and light jumbo spaces. So, as Americans adopt a more minimalist lifestyle, it makes perfect sense that they’d also embrace tiny homes, with some as small as 196 square feet! We’re so fascinated with tiny homes that there are now reality TV shows like Tiny House Nation and Tiny House Hunters, blogs that discuss the ins and outs of tiny living and even a Tiny House Magazine.
On first glance, one might assume that tiny homes make sense for single people without much stuff. That’s one demographic that inhabits tiny homes, but believe it or not, families with children and dogs also share tiny homes. Some homeowners even use a tiny home as an in-law suite or guest cottage built on their land rather than building an addition to their home.
And while creative storage solutions and a willingness to pare down your belongings is essential, here’s a look at a few benefits offered by tiny homes:
- Less environmental impact: Tiny houses use less building material (and oftentimes use recycled or repurposed material), which takes less energy to produce. Heating, cooling and lighting a tiny house also takes less of an environmental toll. Some tiny homes operate off the grid using a composting toilet and solar power or wind turbines. Others are connected to a water and electrical supply, but still wouldn’t draw as much water and electricity as a full-sized home.
- Less space to clean: Dusting, vacuuming and otherwise cleaning a full-sized home can feel like a never-ending chore. But when you live in less than 200 square feet, there are fewer surfaces to keep clean and more time for other activities.
- Less temptation to accumulate stuff: Some tiny homeowners have extra storage at a friend or relative’s place and rotate items seasonally. But without huge closets and a basement or attic right at their fingertips, most tiny homeowners don’t feel the need to buy tchotkes or other extra stuff they don’t need. Many people find it freeing when they reduce their possessions to just those items they love and use on a regular basis.
- Less expensive to acquire and maintain: You can sometimes get a bank loan or manufacturer financing for a tiny home. However, many owners pay for a tiny home out of their own savings (often less than $100,000), which means there’s no ongoing mortgage (although they might need to pay rental fees on or purchase the land). With less money devoted to housing costs, tiny homeowners are able to prioritize other goals like paying for travel and experiences, paying down student debt or working less and spending more time with family.
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