7 Huge Benefits to Downsizing into a Tiny Home
Tiny Home Movement is Growing Rapidly
Admittedly, I haven’t made the leap from a regular-sized home to a tiny home just yet. But that hasn’t stopped me from strongly considering it. I have a 1,000 sq. ft. home with a semi-finished basement. And I’m desperately trying to declutter my life and down-size to a simpler lifestyle.
Since I’ve lost a pretty good chunk of change on my existing home, I haven’t made the plunge to a tiny home. But others are. The tiny home movement has taken off, and now there are dozens of tiny home manufacturers. And with a little study and help from some crafty friends, you could even build your own home in a short period of time.
Whether you move from a 2,000 sq. ft. home to a 1,000 sq. ft. home, or a 1,000 sq. ft. home to a 200 sq. ft. home, you can expect to enjoy a number of huge benefits from the transition.
Benefits of Making the Move to a Tiny Home
1. Tiny Homes Save Huge Money
Buying an expensive home can lead to financial disaster. The smaller the house, the lower the cost. Not only will you be able to open up room in your monthly budget, but if you have saved a modest amount, you might be able to pay for the whole thing up front and completely open up the ‘housing’ line item in your budget to other things.
2. Freedom from Debt
Big houses come with big mortgages. Smaller houses can result in no mortgage at all, if you play your cards right. And without that mortgage, you don’t have to feel the stress of wondering how you’ll be able to make your payments if you were to somehow lose your job or come across other financial hardships.
3. Freedom from Stuff
When you live in a small home, you have very limited space. It will force you to declutter and only keep things that you use frequently (in many cases, you will have to have multiple uses for an item).
4. Freedom to Take your Home with you
This is the biggest benefit of all, in my book. If you hate moving, raise your hand (envisioning 99 out of 100 of you raising your hand in front of your apathetic computer screen). What if moving was as simple as turning the key to your ignition and driving away? A large number of tiny homes are being built upon truck beds, making moving a cinch. Just think of the possibilities here. You could:
- Move your house when you take a new job without ever having to go through the hassle of selling and buying a new one.
- Never have to worry about hiring a mover and renting a damn U-Haul truck.
- Stay with friends/family for extended periods while not infringing upon their space (or them on yours).
- Avoid anticipated natural disasters.
- Never have to pay for a hotel room on any road trip.
- You already own a vacation home!
5. More Time
Homes are very time consuming. But what if you could vacuum your floor in 1 minute and just be done with it? The size of your home is inversely proportional to the free time that you have. With little home to take care of, you have plenty of time to do the things you really want to do. And that’s liberating.
6. Great Minds Think Alike
You’ll also become a local celebrity of sorts and random interesting people from around the country will strike up conversation wherever you take your home. Your home could become a community builder.
7. Better Quality Home
You should, in theory, be able to upgrade the quality of the home around you because you’ve been able to cut down on the materials and cost of the home so significantly. Putting in that marble counter-top shouldn’t cost that much when it is only 5 square feet. Hardwood floors? You can install hardwoods in your whole house for the price that most people pay for one bedroom!
Don’t take my word for it. Check out this recent PBS story on tiny homes and accompanying video about Dee Williams and her move to an 80 sq. ft. home (below).
Tiny Home Discussion:
- Have you made the move to a tiny home? How has it changed your life?
- Are you planning on moving to a tiny home?
- If you don’t think you’d ever be able to adjust to a tiny home, what are the big roadblocks?