The minimalist lifestyle has become very popular in recent times, and the concept of tiny houses is the latest phenomenon. The idea of living in a structure that’s only a little bigger than a shed carries a huge appeal. Before rushing in, though, it’s important to know what you’re signing up for.
After all, your living situation sets the foundation for your entire life. Here are seven killer questions that will ensure you make the right decision.
#1. Am I Allowed?
If you have your heart set on living in a specific location, you need to check that tiny house living is actually possible.
Checking the rules and regulations is an essential first step before thinking about any project that you may wish to undertake. This will allow you to start planning in style without fear about encountering problems down the line.
Alternatively, if you’re happy to move, you can build your design before looking for somewhere that enables you to have it.
#2. Can I Afford It?
Tiny house living is a popular choice for many reasons, but the financial savings are naturally one of the key features.
While it might be a cheaper solution, it won’t always be possible to take out a loan for this type of purchase. It’s still fairly common for the homes to surpass the $100k mark, so you must take this into account. The hidden costs of owning this type of property must be calculated too. A lot of people fail to do this, and it can cost them dearly.
#3. Is It A Long-Term Solution?
The tiny house purchase could be the perfect way to finally take your first steps onto the property ladder. This is especially true when the concept of living in a tiny house appeals for the immediate future.
However, getting back with an ex or having children would throw a spanner into the works. It could render the property unliveable. While you can’t live your life thinking about what may or may not happen, a little foresight into the living space is vital.
#4. Will It Sell?
Given that there’s a strong possibility you’ll want to upsize at some stage, you have to think about the selling potential.
Even if you spend $30k on the property, that’s a lot of money to lose due to no interest from buyers. The popularity of the marketplace is growing, so you will probably find a buyer at some stage. Still, it’s important to take the time delays into account too.
This could stop you from taking the next steps needed to start the next chapter in your life.
#5. Will I Feel Safe?
When considering the daily lifestyle of a tiny home, there are a lot of things to like.
Minimal clutter, minimal housework, and minimal distractions from enjoying your life. However, the fact that you will sleep just a few feet away from your front door can be a little uneasy for some.
Likewise, this type of property could be a potential target for vandals. In reality, the actual dangers are no worse than any other home. But you need to have the right mindset to enjoy this type of living.
#6. Can I Live With The Compromises?
Living in a tiny house will force you to make some compromises.
Your bathroom is likely to be a shower, you will have fewer possessions, and hosting opportunities will be reduced. However, those issues won’t matter to some people. If you’re happy with leading the simple life and making the use of facilities at work or in public venues, this type of living could be the ideal solution.
We all have different priorities in life, and being clear about yours is vital for making the right choice.
#7. Off-Grid Or Grid Tied?
If you have decided that a tiny house is for you, it’s important to know what choice is best for you.
Grid tied limits your opportunities to explore the land, but gives you a permanent address. It also makes it easier to get your electricity and power.
When you opt for an off-grid solution, you must think about solar power and alternative solutions. There is no one right or wrong answer, and you’ll need to do what’s right for your situation. Either way, considering this factor is key.
Tiny house living has seen a huge rise in popularity. It is the perfect option for many millennials that prefer the idea of a simple and affordable life. There are a number of pros and cons to consider. As long as you weigh them up thoroughly, you will reach the right decision.