Many people now prefer simple living. Having things more than they want is creating a financial problem for them. Housing costs cover about one-third to two-thirds of their total income. If this cost can be lowered, then they can lead a better life. Tiny houses are referred to those that have an area of 400 sq. ft. or less. Many people are shifting to this new lifestyle and enjoying lots of benefits from it. Here are some of the reasons for the popularity of tiny houses.
1. Low cost
The cost of a tiny house is only about $23K. So, you can afford to pay for the house without taking any loan. The insurance and tax of these houses are also low.
Tiny houses are environment-friendly as they have very low energy consumption. The need for heating, cooling, etc. is less in a tiny house. So, you will have a smaller carbon footprint.
3. Low maintenance
As space is small, you need low maintenance. So, it won’t take much time to clean your house. The repair cost will also be less.
You will get the freedom to move around if you live in a tiny house. So, in case you need to shift place due to your new job, you can just take the house with you. There is no need to go through the hassle of selling the house and buying a new one.
Many people think that only people who are in financial trouble switch to this lifestyle. But you will be surprised to know that most tiny house dwellers have an average annual income of $42K and above. These people simply choose a simple lifestyle and don’t want to get into the cycle of credit. That’s why they live in a tiny house.