The tiny house boom has swept the nation over the last decade, with numbers growing in both houses as well as states legalizing tiny houses on wheels. The rise in acceptance has brought with it an increase in building costs. However, tiny home dwellers are still reporting a much lower cost of living versus the average apartment rent or home mortgage in most cities.
For tiny homeowners who have their houses already paid off, many report the average monthly cost of living to range from $160-$800 per month. Most tiny dwellers report trading or bartering landowners with work for rent systems where they tend farms, and gardens, help with upkeep or landscaping or do other odd jobs in exchange for the ability to park their tiny home on the property for free or a reduced payment. The tiny community is filled with pioneers willing to accept work for payment. This drastically reduces their cost of living and is mutually beneficial, unlike anything you’d likely see with a traditional apartment or house renter.
The aforementioned average monthly cost includes utilities (electric, water, and gas where applicable), garbage, and property rental or payment. Other tiny home buyers who financed their tiny house, like any other home on the market, still report their monthly cost of living in the range of $450-$1100 per month. This means that the overall cost of living for tiny homeowners can remain less than 50% of the cost of the average two-bedroom apartment in the city and even less compared to the median homeowner’s monthly costs.
Tiny home dwellers who own their home as well as either owning their land or are parking in or near the city or on agricultural property or farmland where they have more room to roam—usually well over an acre—than what would be offered in most city homes, with the average being less than a quarter an acre in the suburbs of Austin, Texas. All of this comes without property taxes for the house itself, since it remains on wheels.
We are a dealership to several expert home builders that offer a completely custom design from the consultation to the day you leave with your keys in hand. Unlike an apartment that has had hundreds of renters before you or a fixer-upper house to keep you within an $1100 bottom budget in the city, the tiny home experience allows a client to design, build, and buy the home of their dreams.
Maintenance and Repairs
Since the size of the home itself is so much less square footage, the amount of things to be broken is less and should something major occur, like water damage, the financial output to repair and overhaul things would be minimal.
Is it possible that the tiny house revolution storm could be the answer to those dreaming of living in a booming metropolis without the price tag that comes with it? Could building your dream home actually be a fun and inviting process without all of the red tape and stress of traditional home building? Contact Rocky Mountain Modular Homes for your consultation today!