Inside the tiny home revolution: A closer look at compact living

Inside the tiny home revolution: A closer look at compact living

TINY homes come in a variety of shapes and sizes depending on how and from what they’re built.

Buyers have been scooping up small spaces as it’s been the latest trend in the real estate sector for many reasons.

One major explanation for the tiny trend is the price.

In another installment of our series, Let’s Get Real, The U.S. Sun spoke with Judy Dutton, executive editor at Realtor.com, for insight on the types of tiny homes folks are purchasing.

On average, homes sell for more than $350,000, while tiny homes can cost between $50,000 to $100,000.

“I’ve even heard of one tiny house community in South Carolina where tiny homeowners have housing expenses as low as $99 per month,” Judy Dutton told The U.S. Sun.

She also said that tiny houses are a huge hit among eco-conscious homeowners looking to reduce their carbon footprint while living a more minimalist lifestyle.

While some call it a trend, tiny homes may have gone mainstream “purely because many Americans simply can’t afford a regular-size house,” Judy said.

In fact, 68 percent of tiny homeowners don’t have a mortgage, and 60 percent have no credit card debt.

A 2023 survey also revealed that nearly one in three Americans were interested in purchasing a tiny house today.

Just like the traditional home, tiny homes are offered in many types.

Judy shared that some are even converted from old shipping containers, buses, and planes.

While there are many to choose from, the most common tiny homes come in two forms: ones built on wheels, and ones built on a foundation.

Continue reading:

https://www.the-sun.com/money/7960396/tiny-home-affordable-prices/

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