When we think of dream properties, sprawling mansions with swimming pools and tennis courts are probably the first thing that come to mind. Yet, for a growing number of Americans, the ideal is actually to go smaller, instead of bigger—and the tiny home movement is proof that less space doesn’t have to be a bad thing.
Tiny homes, which average anywhere from about 100 to 400 square feet in size, have been around since at least 1000 BCE. But while they may be nothing new, their increasing popularity among eco- and cost-conscious homeowners suggests that we’re going to be seeing a lot more tiny homes in our future. That’s a good thing for a lot of reasons, and a lifestyle that may be worth considering if you’re interested in building on raw land.
Want to know more? Here’s your quick guide to the tiny home movement, including why it’s happening and how much it costs to build a tiny home of your own.
What’s behind the tiny house movement?
The tiny home market is expected to increase $3.57 billion by 2026, with anticipated year-over-year growth of 2.78%. Although still far from the most popular type of single family housing, this continual growth is representative of overall interest in the movement, as well as an increase in tiny home demand and new construction.
There are a number of possible motivations behind the trend. Key factors include the cost-efficiency of building and owning a tiny home, and the ability to customize the space. There is also the fact that tiny homes are significantly more environmentally-friendly than other types of housing, providing a stylish living space with a relatively small carbon footprint.
How much does a tiny home cost?
The average cost for a tiny home is around $45,000, though it can range anywhere from $6,000 to more than $100,000 depending on materials, labor, and interior and exterior features.
If you’re wanting to buy land and construct a tiny house, your most cost-effective option would probably be to build your home (or hire a contractor to build it) rather than purchasing a pre-built tiny home. That being said, even a small house is a big undertaking if you’re building from scratch, so make sure to do a full cost analysis based on your personal wants and needs.
Best states for tiny home living
You can build a tiny home in any state, so long as your land is properly zoned for it. However, some states are more tiny home friendly than others, offering more flexibility for homeowners who want to build them and more builders constructing them. These include:
- North Carolina
Each of these states has their own burgeoning tiny home communities, and if you’re wanting to move, could be a good choice for getting in on the trend.
As the tiny home movement progresses, you should see more options popping up for building and buying these types of properties. Talk to a real estate agent to learn more about tiny home opportunities where you live and for support in buying the perfect piece of land for your new house.
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