Pros & Cons Of Buying A Brand New Home

Tiny home living is not for everyone. While some people love them, others prefer the larger space and confronts you get from living in a regular house. The truth is there are benefits and downsides to buying tiny, and in today’s guide, we’re going to take a closer look. Read on and see if the tiny house you might be looking at is a suitable option!

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Pro – The cost

 

The biggest advantage of buying tiny is all about the Benjamins! A quick look around the web reveals you can expect to pay well into six-figures for a regular house, whereas you can pick up a tiny home at a price starting for around $30,000. It’s not just the upfront cost, either. You won’t have to pay a mortgage, and if you decide to take your lifestyle off-grid, you won’t have to pay a cent towards your city’s utilities.

 

Con – Paying upfront

 

It goes without saying that some tiny homes are more expensive than others. And even when you are paying a lot less than you would for a regular home, the reality is that few people have $30-50,000 spare to pay upfront for your home. You might get a home loan, but you should also be aware that many of the major banks don’t consider tiny homes to be an actual home – and you have no chance if you, say, have a tiny home on wheels.

 

Pro – Warm, cozy and efficient

 

Tiny homes are often far more efficient than regular homes, as long as you are using the right materials. And that means big savings for you when it comes to heating, aircon, and even the money you spend on using your appliances – especially if you go off-grid. In fact, research suggests that a fully modern tiny home can save a huge amount of energy. The average tiny house only needs around six lightbulbs, meaning lighting only accounts for 7 percent of your electricity need. The average regular home, on the other hand, has 45 light bulbs and accounts for almost 10 percent of electricity use. If you can imagine those savings spread across other uses of electricity in the home, you can see why tiny home living is so appealing.

 

Con – The rules

 

The expectation that your tiny home is a magic bullet and that you can build one anywhere is something of a myth. You will have to do your own research on your municipality’s minimum habitable structure definitions, and do a lot of legwork to ensure you don’t end up facing the authorities condemning your home. You’ll need to arrange a home inspection, too. As pointed out at Solex Group professional home inspection services are vital for protecting your investment – but also to ensure you are complying with the law. The tiny home movement is still in its infancy, and the question of how to stay within legal lines can be contentious, and is different in every state.  

 

Pro – A chance to declutter

 

Finally, as a society we pick up a huge amount clutter. The reality is that many of us have far too much ‘stuff’ in our homes, much of which just isn’t worthwhile. Living in a small home gives you a chance to liberate yourself and your family, and also focus on what is actually important in life.

 

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