The idea of a “tiny home” can be totally relative to where you live. In New York City, a 400 square foot apartment is a decent size (with a hefty price), but in Michigan, that may seem like a closet! In the past several years, more and more people are looking into tiny homes as options for new construction and existing renovations, but mainly as a way to reduce clutter, optimize space, and keep costs low.
Traditionally, tiny homes are considered structures that are less than 300 square feet, and they are typically installed on a trailer foundation. However, this can benefit or hurt your legal and tax situation, depending on your municipality. This doesn’t stop tiny home aficionados, who see the appeal in a design that is meant to leave no space unutilized. Stairs become bookshelves, desks pop down from walls, whatever your needs are there is likely a tiny home accessory to match. In times of escalating real estate prices and home care costs, tiny homes have become a favorite for people looking to simplify their lives and reduce their expenses.
Many tiny homes are prefabricated and can easily be transported to a new home site. This is appealing for those looking to lower construction costs, or those looking for a quick move. The designs of tiny homes have become the subject matter for countless books and documentaries, and they have been seen in styles ranging from rustic to Georgian. Since the style has become so popular, there are even options for resale on tiny homes, something that may not have been an option years ago.
While a tiny home will cost less in actual building construction costs, it’s also important to remember the ongoing savings that a small space offers. The difference between heating a large estate and a tiny home for one month in the winter can be astronomic, and tiny homes are designed for maximum efficiency in heating and cooling.
There are endless stories of families of four happily residing in a well-designed 200 square foot space, but the tiny home life isn’t for everyone. While you may be able to design the actual space to suit everyone’s basic needs, you will be sacrificing small comforts like finding private space or storing excess belongings. The truth is tiny homes seem to be most appealing to a young family demographic, with single individuals, couples, or even those with a small infant being the most likely to make the move to small living.
Tiny homes can be an appealing alternative to traditional michigan real estate, but they require a bit of research and planning to ensure comfort and satisfaction with your new home. There are options for purchasing existing homes, buying a prefabricated version, or even building your own, so there are a number of ways to suit a house to your particular needs. If you’re not interested in a full-on tiny home, consider looking into smaller spaces that can be optimized in similar ways – you’ll be shocked at the amount of space you and your family actually require.