What Is a Tiny Home?
What are tiny houses? What is the tiny house trend? Why do individuals choose little homes and what does tiny living mean?
Basically, the trend toward tiny houses has become a social movement. People are deciding to downsize the space they live in, simplify, and live with less. Individuals are welcoming the small life philosophy and the flexibility that accompanies the tiny house lifestyle. The tiny house advancement is about more than merely staying in a small space (although, a cottage is certainly part of it).
How Much Does a Tiny Home Cost?
At Tiny Home Builders Texas a high-quality tiny home can cost anywhere from $55,000 to $180,000. However, the key thing to note when it comes to investing in a tiny home is that it can be created to match anyone’s lifestyle and budget.
The average cost on a luxurious tiny home ranges from $10,000 to $220,000. With this price range you are guaranteed longevity with your tiny house investment, and there’s affordable monthly payment rates to fulfill your dream.
Below are some key facts when it comes to a tiny home investment:
A tiny house lifestyle is a proven way to increase your savings, due to the fact that about 69% of people who own a tiny home will not have a mortgage. In fact, 55% of tiny homeowners have more savings than an average US resident, with a median of about $10,000 in the bank. In addition, 90% of tiny house owners have much less credit card debt, which results in having a better credit score.
Low Energy Expenses
Tiny homes are great on efficiencies of any kind, and that includes energy. The core of living in a small area is economical in terms of heating and cooling. With the advancement of technology there’s eco-friendly energy components you can include in your tiny house to provide power to your washing machine, stove, and other appliances.
Sum It All Up…
Tiny house living will absolutely save you money, but it will also cost you in some instances. To reap the maximum cost-efficient benefits of tiny house living, you’ve got to be willing to work around the cons that may come with it (i.e. space compared to a regular size home to host many guests). Overall, the pros outweigh the cons when it comes to saving money, energy, and maintenance of the tiny house. There are even tiny homes that can sleep up to 6 people, which is a great size for what’s considered “tiny”.
What’s the Point of a Tiny Home?
Tiny houses are the centerpiece in a more comprehensive system to resolve problems, concerns, and complications of the present day. They provide a course to a smaller sized environmental blueprint, greater financial flexibility, and ultimately a self-dependent lifestyle. The little home movement allows you to live a life on your own terms.
Residing in an extra minimalist way can produce more spare time, more money in your savings account, and an even more objective filled life.
A tiny home is less complicated to maintain because the average tiny home size is substantially smaller. Imagine the time you’ll save keeping up with the typical tiny home square footage (simply 186 square feet). There is far more time spent on maintenance of a normal-sized home, that’s 12 times larger in the United States
What is the price range of the models you have available?
We don’t carry inventory. We build houses on demand. We are General Contractors, and we offer custom builds.
Please check our website for starting prices for the various models we have available.
Would it be possible to have someone come to our property to give us an idea of the proper size and location that would be most suitable for our property?
For either of the two options below, you need to consult with the zoning department in your city and request information from them:
For Tiny Home on Wheels, you need to ask them if they would allow you to park one on your land and what is the minimum sq ft size they require.
For a Tiny House (Custom House) on a foundation, you need to ask them what is the minimum square footage they will allow you to build.
For Tiny Homes on Wheels, you just need a flat area on your lot the size of the Tiny House. You will also need to provide us with stub-outs with the utility conduits we can tap in to connect your Tiny House on Wheels.
For Tiny Homes of a Foundation, you will need to start working with the architect. The architect will inspect your land and tell you what is possible. The architect fees are approximately $3,500 to design the house plans for you. It includes structural and electrical calculations and the final architectural design. The architect will work with you until you are fully satisfied with the design.
Let us know when you are ready to start.
Is there any specific insurance I need to have for a tiny home or is it something I add to my current policy?
If you intend to put a Tiny House on Wheels on your property, you will need homeowners’ insurance. Adding it to your existing policy may be cheaper, but it depends if your insurance company allows you.
The same applies to your Custom Home on a foundation.
Does your company offer any type of financing?
We only offer financing for Tiny/Custom Homes on a foundation. The first step would be to start with a review of your credit standing. Next, we would process your loan application for a 401K loan, which includes a construction loan and a mortgage loan, all in one.
If not, are there any tiny home lenders available in Central Texas?
For Tiny Homes on Wheels, we recommend you request an RV loan from your personal bank. You will need to show proof to the bank about the location where you will park it.
Here is a website that offers RV Financing Loans https://www.rvfinancingdirect.com/
Are these tiny homes able to withstand strong winds?
Both our Tiny Homes on Wheels and Custom Homes on a foundation meet the Texas construction code. They will withstand strong winds.