Is a Tiny Home Right for Me?

Many of us have seen one time or another, a show on TV about tiny homes. Upon watching, we all fantasize about what it would actually be like to live in one. The ways we would have our tiny home set up, the features, the design, etc., is all fun and games but when it comes down to it, we all wonder if a tiny home would be a good fit for yourself, or possibly even a family. Now I'm not going to sit here and tell you that living in a tiny home is for everybody, because in reality it's not. But what I am going to point out are the uses in which everybody can benefit from. 

We all see the cost of living rising right before our very eyes. The demand for affordable housing is probably as high as it has ever been. Generally speaking setting all special circumstances aside, the dilemma we are facing is that we either have to live in a house or apartment. These are 2 living scenarios that come with serious added costs. Housing prices continue to rise, which means their interest rates do to. Additionally, when someone buys a home they are tied to a 30 year mortgage as well. Apartments on the other hand, is basically just putting your money in someone else's pocket which means you will never see that money again. My apartment in LA cost me $1,235 per month and subject to rise every year. My daily routine was wake up, go to work, come home, make dinner, shower, then bed... and repeat. The actual time that I spent for myself (besides my 6 hours of sleep) was basically less than 2 hours per day. It started to make me think, why am I paying this much when I can only enjoy my apartment for less than 2 hours per day!? All in all the point I am trying to make is that, we do not have to settle for 30 year mortgages or paying rent each month. Tiny homes provide the option of affordable living, owning a house, and freedom to move your home to any destination you want!

Another angle I'd like to present would be through the scope of investing. You are completely fine with your housing situation, you purchased a home, are currently paying it off, and it provides comfortable space for your family of 5. A tiny home can benefit you if you were to make an investment into purchasing a tiny home and renting it out to a person, couple, or family that is looking for affordable housing. Depending where you live or where you would like your tiny home to be, you would be able to charge enough rent in which the tiny home could have the ability to pay itself off in about 3 years! Or maybe you want to take your family on a vacation, well the tiny home is yours and you can take it to just about any RV park and connect to utilities. 

This last angle I'd like to present would be the angle for people who may be retired, have their home paid off, or are seeking a change in their lifestyle. I met a couple who fits in every one of theses characteristics. They are retired empty-nesters and their home is paid off. They purchased a tiny home and live in that full time. They rent out their home that is already paid off to a family. And now they get to travel anywhere they want in their tiny home and have all costs covered through the rent they are charging. If you ask me, I would say this is the ultimate fantasy. 

See what Destination Minis has to offer, and then decide for yourself if a tiny home is right for you!