Unless you've been under a rock for the past few years, you've probably heard of tiny homes.
Also called tiny houses, tiny homes are a fraction of the size of regular homes, and they're also quite a bit cheaper.
But it can be hard to downsize when you're used to living large in a regular house. However, there are tons of benefits to downsizing.
If you've ever thought about moving into a tiny house, now's the time. Time homes are small, affordable, and energy efficient.
Stats on Tiny Homes and Sustainability
The small size of these homes means that they consume a lot less energy (1) than the typical home. While a regular house emits about 28,000 pounds of CO2 per year, the average tiny house only emits 2,000 pounds in that same period.
And that's just for an average tiny house. Some tiny houses are zero energy efficient, which means they get all of their power from renewable resources, like solar panels.
Zero-energy homes have excellent insulation, and that means they're much cheaper to heat and light. These homes also have energy-efficient appliances that further lower the energy required to run the house.
A lot of energy efficient homes use solar-photovoltaic systems to generate electricity and solar thermal systems to heat water.
More on small living
Because of their size, almost everything is smaller in a tiny house. From the refrigerator to the closet, a tiny house forces to you live with less (2).
The simple lifestyle required of a tiny home can help you further reduce your carbon footprint. Instead of buying excessive food, you'll have to decide what you really need. And a smaller closet means you won't have the space to go shopping all of the time.
This Lifestyle Trend Has Been Quickly Growing
In recent years, tiny homes have become a popular choice (3) for a variety of reasons. One of the best reasons to consider living in a tiny house is that it can seriously reduce your carbon footprint.
Homes today are over 1,000 square feet larger than they were in the 1970s. And that extra space comes at a cost in both cash and other ways.
People of all ages have started moving into tiny houses to reduce their energy consumption and lower their overall cost of living. However, going small is about more than cutting down on energy and saving money.
Making the move to a tiny house is a lifestyle change. Since you have less space in a tiny home, you have to learn to live with less stuff.
The Average Cost of a Tiny House
Housing costs have risen over the years, and it seems like there's not much we can do to lower that cost. However, tiny homes are an affordable alternative to traditional houses.
According to CustomMade, tiny homes cost an average of $23,000. Compared to average regular-sized homes, that's quite a deal! What's more, you can find or build a tiny home for even less than that.
Tiny house builders
People have built tiny houses all over the world, but they're most common (4) in the United States. You can find tiny homes from coast to coast in states like California, Texas, and Florida.
But if you want to build a tiny house outside of the United States, don't worry. While the United States is the most common location of tiny homes, you can build one almost anywhere.
And since they're so small, you can take them on the road with you.
Tiny Homes Size
The word tiny in a tiny home shouldn't be taken lightly. These homes are on average about 100 to 400 square feet. They may be small, but these homes are mighty. In fact, many of them have all of the amenities you'd expect from a home.
And just like regular homes, tiny homes come in all different shapes and layouts. You can design your tiny home to fit your needs. However, there are a few basic types (5) of tiny homes.
If you have access to an old bus, you can convert that into a tiny house. And since it's already on wheels, you can take it on the road.
If you'd rather build a tiny house in one place, a cob house could be the perfect option. Cob is a natural material that combines clay, straw, and sand, and it's surprisingly durable.
RVs and trailer homes are other common options for your tiny house.
Tiny Homes are Financially Sound
Many people struggle with their finances, and housing can play a big role in that struggle.
However, a tiny home could help alleviate some of your financial woes.
From lower levels of debt to living mortgage-free, tiny homes can reduce your financial stress in many ways.
Tiny house owners are more financially stable
Aside from the small building costs, tiny homes are much cheaper to maintain than regular homes. Their small size requires less energy, which will lower your energy bill each month.
Nearly 90 percent of tiny house dwellers have less credit card debt (6) than the average American. And 60 percent of them don't have any credit card debt at all. Third, over half of tiny house owners have more money in savings than traditional homeowners.
Also, more than two out of ever three tiny house owners don't have a mortgage.
Tiny homes cost less
Building a traditional home (7) can cost anywhere from $50,000 to over $1 million. But the average listing price for a tiny house is at just over $46,000, and that's for a finished home.
With all of the potential savings, why not consider a tiny house?
Who Buys Tiny Homes?
People of all generations have joined the tiny house movement. Similarly, both men and women enjoy living in tiny homes. Plus, you can find tiny homes all over the world.
When the benefits include more savings and less energy consumption, it makes sense that people of any age would want in.
Men and women can both own tiny homes. However, Classic Building Sales says 64.1 percent of tiny house owners are women.
At 87.9 percent, the vast majority of tiny house dwellers live in the United States. But you definitely don't have to live in the United States to live in a tiny house.
Finally, 35 percent of tiny house owners have a college degree.
According to a survey by MicroLife Institute (8), there's a pretty even split between different age groups. Twenty-somethings made up 22 percent of tiny house owners, and 18 percent were in their 30s.
People in their 40s made up 23 percent while 22 percent of tiny house owners were in their fifties. Lastly, 15 percent of tiny house owners were 60 or older.
Clearly, it's not just millennials who are making the switch to tiny homes.
Living Green in a Tiny Home
No matter your current living situation, you probably want to reduce your energy consumption to help the environment. Of course, there are plenty of things you can do to reduce your carbon footprint.
However, getting drastic results requires drastic changes.
That's where tiny houses come in.
Tiny homes are a relatively new trend, but they have many benefits that you don't get with traditional housing. First, they're a lot cheaper, which is fantastic if you're on a budget.
Second, tiny homes are, of course, tiny. Their small size means they don't require as much energy to operate. In fact, some houses operate entirely on reusable energy sources.
Lastly, tiny houses are for everyone. While it may seem like a trend only for millennials, adults of all ages are making the move to a smaller home.
So if you're looking for a fun way to save money and help the environment, consider getting a tiny house.