This week is Tiny House Hunters week on HGTV. I love watching all of the cool homes they show and how different they all are. My husband and I have actually considered a tiny home for a lake lot in the future. Would you ever consider living in a tiny house? Here are 4 good reasons to include a tiny house in your future plans:
Saving money – When living in a tiny house, you are saving considerable money in several areas. You save on the utilities, you save on the taxes and other home costs and you can even save on groceries (not as much cabinet or refrigerator space). The money you save by choosing tiny house living can be used to pay off debts, invest in your future, or finally have the career you want.
Downsizing – Many people have way more home then they need or can afford. Buying a tiny home might be just what you need to hit the reset button and start over. What I love is that is gives you more nature and less house. Who wants to clean a 3 bedroom/2 bath house anyway when you can be swimming, boating, hiking or making smores?
No mortgage – Most tiny homes are priced low which gives you the ability to pay cash and be debt free. Can you imagine what it would be like to not owe a mortgage/rent payment every month? Talk about financial freedom. I saw nice homes last week that cost less than a 20% down payment for an average home.
Contentment – One of the biggest keys to wealth and financial freedom is contentment. Owning a tiny house is the ultimate form of contentment. You only have 200 – 600 square feet in which to put everything you own. This makes you step back and look at what is truly important to you. I think if you had to, you would be very surprised at what you could live without.
Tiny houses are not for everyone. But like with any success story, you need to know all of your options and what it could mean for your bottom line. For me, it could be a viable option in the future because of all of the reasons mentioned above. I guess I’m showing my age, but sitting by the lake enjoying a sunset puts a smile on my face and cleaning a 1500 square foot home does not. But everyone is different. My goal today was simply to give you something to think about and talk about around the water cooler.
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