Many people are trading in their sprawling 2,000-3,000 homes for an abode quite a bit smaller. A tiny home is a dwelling that has less than 550 square feet. Television has made this movement popular, but is the real estate market in trouble because people are tired of “big living?”
It seems that living for experiences rather than material possessions is the way of the millennial crowd. They are selling their big homes and opting for a smaller space. This eclectic group of people doesn’t focus a great deal of their energy on things. They need a place to cook, lay their head, and call home. Many of them like the fact that a tiny home can be towed back and forth. With the job market being so poor in many parts of the country, they can pick up their home and take it with them.
Several states have joined in the movement and have created tiny home parks. Think of it as an RV park or trailer park from the 1970’s with little houses. More than anything, it seems that people just don’t want the burden of being tied down. They can customize these tiny homes to fit their needs and character.
The best thing about going tiny is the price. The average tiny home costs just $40,000. The median home price in this country is a whopping $188,900. It is easy to see that going small has some big perks. Still, there are some who are not sold on this new type of dwelling. It’s an acquired taste for sure.