In terms of home buying, Millennials have a different attitude – it’s all about tailoring and customization. For them, standard, cookie-cutter homes just don’t tick their boxes. Plus, they lack the appeal they used to have for generations before.
Another thing is that Millennials aren’t comfortable with the idea of a big mortgage so buying a huge home is simply unrealistic for them. What works then is the world of tiny home living! This allows the Millennials the freedom of expression and freedom from debt. Here are some more details about how tiny homes are an ideal choice for Millennials.
The price of typical tiny homes moves in the range from $25,000 and $80,000. It’s not a small amount of money to pay at once, but compared to an average-sized home costing around $400,000, this is a great deal. With the rise in popularity of tiny homes, new tiny-home builders are surfacing and enabling the younger generation to choose both the builder and the price that suits them best.
Another great way to save money by living in a tiny home is the utilities. When you have a tiny home that’s a sixth of an average home, keeping it warm in winter and cool in summer costs significantly less. That number goes even lower if you incorporate cost-effective renewable resources such as solar panels or a wind turbine, making it in the end, a win-win situation, both for homeowners and the environment.
However, there is still some precaution to be taken. Funding a tiny home can get complicated. There are rarely any mortgages available for tiny homes if you don’t have the cash ready. But, with some research, you can find various alternatives to mortgages and still make your tiny home living dream come true.
Millennials are a wellness generation
Millennials are known to be a wellness generation as they put great value on healthy living and environmental protection. Pursing an active and healthy lifestyle is precisely what tiny home living enables. There is less clutter, small space pushes you to spend more time outdoors and stay in close contact with nature which in return, improves overall well-being. For this reason, contemporary curriculums, as this master’s degree in design for urban environment, train professionals to take part in the process of urban transformation by designing ideas that help to reinforce the social, cultural and economic fabric of 21st-century living.
Maintaining a tiny home of 400 square feet or less is minimal, giving more free time to practice healthy activities such as exercise and meal prepping. With less storage available, Millennials need to get smart with groceries and supplies so they often use healthy, ready-to-go products, such as smart drinks as natural supplements. These are known to have a beneficial effect on brain function by boosting memory, creativity, motivation, alertness and general cognitive function.
With just so many hours in a day, Millennials rather opt for these solutions so they can focus more on things they value.
Lifestyle expectations are different
The biggest challenge of tiny home living is having to downsize. And it’s not just about throwing things away and having a capsule wardrobe. It’s more about adopting a new lifestyle that has a strong appeal for the young buyers as it gives them a sense of freedom, independence and adventure.
It mainly allows them to travel more, especially if their tiny home is on wheels. It also gives them the opportunity of flexible work from home so they can practically work across the country and take their home with them. And even if the tiny home isn’t portable, a complete uproot and lifestyle change is still easier when you have fewer things.
Finally, there’s the aesthetic aspect of living tiny. Most of our society is social media-driven making it easier than ever to connect with people around the globe. So, if you love browsing through websites and blogs that promote and celebrate simple, tiny and minimalist living, by adopting it, you can too become one of the influencers you admire and share with the world how your experience of living tiny has benefited your life and made you happier and more independent. Millennials are a generation of change, seeing the world from a unique perspective and appreciating things very differently than the generations before. Embracing tiny home living is just another way for these young homeowners to emphasize things that are important to them but still realize the traditional dream of owning a home.