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By : Elizabeth Humbal, 11-03-2015

People are talking about the tiny house movement. What is it? Is it small houses that are being moved down the street to tiny lots? Is it a political movement? This movement is all about a segment of society that is actively downsizing the spaces they live in to square footage often associated with a studio apartment.

The average size of a tiny house is between 100 square feet and 400 square feet. By comparison, the average size of new houses recently built in the United States was 2,600 square feet. The tiny house movement is not age specific. A compact living space has proven attractive to individuals of all ages, including college graduates, newlyweds, and retirees.

We are living in a society that is still recovering from mortgage upheaval, including the ramifications of predatory lenders, abandoned properties and foreclosures. Many want to own their own home, but with skyrocketing prices or hard to obtain mortgages, many aren’t able to buy or build the house or apartment of their dreams. Others still don’t want to be shackled with the expenses, debt and responsibility that comes with owning the average home. So, some have taken to building a tiny home instead. 

Many people have started building these tiny homes on themselves, while others turn to companies and general contractors that specialize in them. The latter options are often preferred given they are better versed in special design and more complicated matters such as plumbing, electricity and insulation.

Tiny homes are not just a living arrangement, they represent an entire social movement which is believed to have originated in 1997, not long after Sarah Susanka published her book The Not So Big House. Today the movement has gained significant ground, with many starting to see the benefits of living small, among them the possibility of a loan free future. The costs of building a tiny house are significantly less than that of a traditional home and many are able to draw the funds from savings they had for a traditional down payment or loans they can pay off in significantly less time than a traditional mortgage. General contractors have assessed the cost of a home under 500 square feet at a maximum of 20,000 dollars. Another advantage is that corresponding utility bills are considerably less, taking into account that tiny homes are a quarter the size of a regular home.

Possible downsides to such a home are that they aren't ideal for families or those who enjoy entertaining. They typically can accommodate a maximum of two people, a couple preferably as the tight space might make it harder for two people who aren't emotionally committed to stand by one another. Regulations are can also be an issue, given some towns will deem the houses too small to be a residential dwelling; some owners have solved this issue by adding wheels to their homes so they might fall into the category of mobile home.

With new housing market trends paving a road toward tiny house living, not everyone feels that bigger is better anymore when it comes to your house. When looking for a house, more and more people are putting "affordable" at the top of their dream home checklist. If tiny home ownership is a path you’d like to pursue, you can always submit a free request to EZBZ to find tiny home builders.

Tags : Home, Finance,
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