As home values soar and interest rates are at record low interest rates and combined with a major inventory shortage of homes and rentals this has caused a push towards a Tiny/Micro house boom. With an average American home price of $374,000, people now more than ever are considering simplifying their lives and getting rid of their mortgages.
What is a Tiny House?
A tiny house is generally a small house that is around 200 to 400 square feet. Most of the time, they are built on trailers and are designed to be mobile. This makes them easy to be moved around and transported to any piece of land that allows mobile homes.
With large corporations buying up neighborhood homes and turning them into high priced rentals, many people are forced to make life changing decisions. More and more tiny home communities are popping up all over the nation as the need grows for more affordable housing and leaving a fraction of the global footprint.
What is a Micro House?
There are a few definitions of a micro house that vary when speaking with different people.
Micro houses by some definitions are 99 square feet or smaller, although considered small many singles, seniors, or young couples if designed properly can live their lives in these micro homes for pennies on the dollar. We have listed micro homes with off grid capabilities and comfortable for 2 adults for less than $20,000. They are generally mobile and able to move around easily with a trailer hitch.
Other people may classify micro houses as any house under 800 square feet and may use the term interchangeably with tiny house. These slightly larger sizes can mean that the micro house is permanently fixed to a foundation but is still small. Regardless of your definition, a micro house is generally much smaller than a traditional home.
What is the Difference Between a Micro House and a Tiny House?
Micro houses and tiny houses are terms that are often describing similar homes. They are small houses that are less than 800 sq ft and are usually between 200 sq ft and 400 sq ft. Micro houses are often considered to be even smaller than tiny houses and are less than 200 square feet.
Ultimately, both micro and tiny are terms that are used to describe homes that are smaller than a traditional home. They are most often mobile or have the ability to be easily transported to a new location. They can be designed to have all the features you need to live comfortably without having an expensive mortgage.
What Does a Micro Home Cost?
Now tiny home builders have caught on with the latest trends and have entered the niche in a major way. We are now seeing Tiny home mini mansions that can go for as high as $200,000. For many this is exactly what tiny houses are not supposed to be. The thought of freedom now can have a long term loan to pay off these tiny home mini mansions.
If you currently are motivated to get independence from a burdening mortgage or have the freedom to choose where you wish to utilize your time at, then tiny or micro home living maybe a option to consider.
When you are looking for a micro home, the cost doesn’t have to break the bank. It is possible to find micro or tiny homes for under $50,000. It is possible to find great deals on used tiny homes for $20,000 or less. This is especially true if you are willing to put in some sweat equity to fix it up.
Of course, custom tiny house builders can build your dream home for a premium. They may charge $100,000 or more to build and furnish your ideal micro house. You can choose the price point that fits your budget and find a tiny house that stays within that budget.