Whether you’re looking to save money, reduce your carbon footprint, or to find more freedom in your life, a tiny house can be a wonderful investment. There are a number of reasons why people opt for tiny housing – most of which tie back in some way to the financial savings.
If you’re still struggling with school loans or simply want a living option that gives you more financial flexibility, a tiny home might be the perfect option for you – especially when there are some really great ways that a tiny house can save you money.
1. Minimal Mortgage Payments
One of the biggest ways that a tiny house can ease your financial burden is by having a very low mortgage payment – or none at all, if you could pay upfront. Research suggests that the average apartment’s monthly rent in America is over $1,000 a month; with a tiny house, you can pay even less and have all the perks of having your own place.
Tiny homes are an extremely good bargain, considering they provide all the features of having a traditional home and a much lower price. As long as you’re willing to sacrifice excess space, you can come across fantastic financial savings up front.
2. Being Green Saves Green
Tiny houses provide even more savings in an area that we’re accustomed to paying in spades: utilities. A tiny house consumes less energy because they are equipped with eco-friendly appliances that use less water, gas, and electricity. This is also where the smaller size saves you money; it costs much less to heat or cool a smaller space.
You’ll pay a mere fraction of what apartment renters pay for utilities and even less than a traditional home owner while also being free to run what you need to run in your home. You can run the air in summer and the heat in winter, and leave lights on without any guilt or worrying about breaking the bank.
3. They Limit Impulsive Purchases
Critics of tiny living point to the smaller space as if it limits a person with what they can do with their home. However, you can (and should) look at that criticism as a positive; living tiny helps to limit impulsive purchases and frees you from the usual cycle of buying things you don’t need.
How many times in your life have you purchased something simply because you’re bored? With a tiny house, minimal living prevents those sorts of decisions. The smaller space also makes it easier to buy furniture without going overboard.
4. Vacationing is Much Cheaper
Tiny houses are portable. It’s an easy thing to read, but the possibilities there are limitless and it makes vacationing much cheaper. If you love to travel – or have always wanted to travel – all you have to do is hitch up your home and hit the road. There’s no need to spend exorbitantly on hotels.
Tiny living is all about freedom. It can provide your peace of mind, the freedom to follow passions and live impulsively, and the financial freedom to make it all possible. It may take a little time to get used to, but the financial savings alone making tiny living worth it.
Alex Briggs is a contributing author for JYRZE.com.