Tiny houses grow in popularity, yet drawbacks abound

Tiny houses grow in popularity, yet drawbacks abound

What You Should Know About Wheelchair Accessible Tiny Houses If you’re like most Americans, you spend a lot of money every month on housing. In fact, the average American spends 30% of his/her monthly income on rent alone which leaves very little to get by on for everything else!

While the drawbacks are numerous, people are finding innovative ways to incorporate tiny houses into the architectural landscape and often in the form of tiny house communities. A case in point, an organization in Detroit, Michigan that has found a way to, not only build a tiny house community, but also use the low cost of tiny house living to.

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6 pros and cons to living large in a tiny house Image Credit: Dreamstime.com The average size of a home in 2013 was 2,598 square feet – an enormous increase over the cozy 1,525 square feet that was the average in 1973.

Disadvantages. Despite its economic and environmental advantages, living in a tiny house is not without its drawbacks. Since space is limited, it can be difficult for more than one person to live in a tiny home. While some couples are able to do it, many individuals don’t want to share a house the size of a small studio apartment.

While the houses are small – any home of less than 1,000 square feet is officially "tiny," but most range between 100 and 400 – the trend is growing fast; as of last month, there’s even a tiny house TV show: Tiny House Builderspremiered on HGTV on December 14.

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Better Mortgage is Now Available in Florida While interest rates hit a seven-year high in November 2018, fortunately the average rate on a 30-year mortgage has decreased again – down to 3.93% as of July 2019. That’s a big relief if you’re a home buyer. With home prices still increasing and some homeowner-friendly tax deductions disappearing under the new tax rules, it’s never been more important to find the best mortgage rates.

Similarly, as quoted on CNBC.com in "Tiny houses grow in popularity, yet drawbacks abound", "If the goal is to save money, I would have to say tiny home investors would need to go to areas where land prices are low."-Sue Goodhart, The Goodhart Group at McEnearney Associates. Bye, bye amenities. The washer and dryer in the tiny house will be.

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Tiny houses, single family dwellings of 500 feet or less, have been growing in popularity over the past decade, particularly among retirees looking to downsize and hold on to their pensions, and millennials trying to get out from under the burden of debt.

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