"Just like RVs, tiny houses are becoming a solution for owning your own home for an affordable price."

What You Should Know Before Buying A Tiny House At An Auction

The demand for small houses is getting higher as more people begin to adopt simple living within a confined space. Just like RVs, tiny houses are becoming a solution for owning your own home for an affordable price. You can either build your own small house or purchase it at an auction. Before you embark on your hunt for your dream house, make sure you understand these tips first:

Liberation

If you asked people who own tiny houses what they considered first before getting their units, they would say you need to be able to purge most of your unnecessary belongings. You’ll need to discard your large furniture (if you have any) and replace it with smaller options. You can also find institutions to donate your old and unused books and magazines. This would lessen your worries about how to fit all your things into a tiny house.

Know the Advantages of Owning a Tiny House

Having a tiny house means less maintenance and reduced utility bills. Your house will be spending less energy on heating and cooling systems, giving you more savings to do other leisurely things such as traveling.

Building tiny houses usually use prefabricated components, making it faster to build and relatively lower in construction cost. It also provides a more healthy and stable environment, with fewer efforts in maintaining the structure.

Make Some Adjustments

Most of us are used to owning multiple items. If you want to own a tiny house, you should expect a lack of storage space. Consider owning single sets of things such as glassware and dishes. You also need to ensure each space of your tiny house operates with multiple purposes in mind. Your kitchen can also serve as your office space or project area. You can also have your bedroom serve as a living area, where you can receive and entertain your guests.

Innovate With Style

You can come up with design innovations that function well for your tiny house. You can install a dining table that folds flush on your wall or folding chairs that you can hang on hooks when not in use to clear up some space inside the house. Installing a Murphy bed (pull-down bed or wall bed) can also buy you some more space, while you use a kitchen island that has wheels so you could easily relocate it when not in use. For your appliances, such as a television, electric fan, or microwave, you can hang them using wall brackets with enough head clearance to prevent you from bumping your head into it.

Conduct More Research

It is crucial for you to do more research about your tiny house, and attend one auction before your preferred auction date and make offers. Observe how bidders go about the event and learn a few things on how to be successful at auctions.

Search for Potential Units

If you want to bid for a tiny house, you should set goals first, such as finding sources of small houses. You may use newspaper listings, assistance from real estate agents and auctioneers.

Set Your Payment Methods

One of the most convenient methods of financing the purchase would be to take out a mortgage from a pre-approved loan. You may expect a requirement of paying a considerable down payment or full payment after you win the auction. You should be ready for your checks and life savings. Keep in mind also to shop for the best homeowners insurance policy rates, which is a requirement for your property purchase.

Ask the Professionals

If you are a first-time auction buyer, it would be best to consult a lawyer with an estate sales specialization. These professionals will help you be ready for the auction, so you wouldn’t miss any documents required by the auctioneers, such as the Auction Flippers, and have a smooth transaction to enjoy your tiny house right away.

Keep these tips in mind so that you can prevent any costly mistakes.

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About the Author
Stephanie McQueen
Stephanie McQueen
Stephanie is the content curator and resource hoarder of all things tiny houses. She believes everyone can live a sustainable lifestyle, no matter the size of your house. Connect with Stephanie through LinkedIn or her done-for-you branding agency, Employed By Life Online.
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