Living in tiny homes has become a popular trend among millennials. How about retiring in one of these little houses? If you are working on your retirement plans, you must consider talking to a small home dealer. For retirees, downsizing homes often turns out to be a priority. With limited space in your home, you would have a lesser workload and lower maintenance. No wonder you might want to join the tiny home bandwagon. A study reveals that 40% of the people who own tiny houses are older than 50.
We are a reputed tiny house company at Tiny Homes of Lake Norman. You can reach out to us for small home design ideas. If you look forward to purchasing one of these homes to spend your days after retirement, we can guide you with the right choice.
How much money do you save living in a tiny house?
To give you an idea, 55% of people who buy tiny homes have more savings in their banks than the average household. You can save significant money when you reside in a small house, and senior citizens can benefit in several ways when they move to a tiny house. Here are certain aspects you should check that will help you save money.
1. Downsizing
With one of the beautiful tiny homes, you would be downsizing your property. One of the prime benefits of downsizing is that you would be saving money. With a smaller home, you would be forking out lower maintenance costs.
Besides, you need not spend much on repairs, as these homes would come with fewer rooms and other features.
Most importantly, you can capitalize on your home equity. This happens to be the prime source of wealth for retired people. You can move to one of the tiny houses on wheels by cashing out your previous home. This can significantly enhance your financial condition after retirement.
2. Less work from less stuff
On average, the size of a house is around 2,600 square feet. On the other hand, tiny homes come with just 10% space compared to these homes. With smaller homes, you would have less work to do. Activities like garbage cleaning or maintaining the house would be limited. Eventually, you would have to shell out lesser amounts for hiring sweepers or professional cleaners.
In a nutshell, the amount of regular housekeeping would be lower. With one of these homes after retirement, you can spend more time with your family. Besides, you can volunteer for different causes, exercise, or spend quality time with friends.
3. Lower utility bills
Some expenses, like utility bills, remain constant regardless of where you live. However, when you get tiny home lots for rent, you can significantly slash your utility bills. Tiny homes have limited electrical points, which implies that you would not have the scope to spend a lot of energy. The same thing holds good for water bills. As a result, you can save a lot of money on your energy and water bills.
Moving to a smaller home requires less money to furnish, cool, or heat. Every month, you must shell out money for every square foot of your property. After retirement, you would be living on a fixed income. It’s a priority for retirees to cut down their expenses. With tiny homes, this becomes a reality. You can choose from the small home models that the reputed dealers recommend.
Why do retirees move to tiny homes?
Apart from the financial aspects, several other reasons justify purchasing a tiny home.
1. Do away with strict building codes
One of the best advantages of moving to a tiny home is the unique lifestyle you can embrace. Of course, you would have individual preferences, based on which you can choose your lifestyle. Accordingly, you can select the home features that complement your personal needs. When you build a tiny house, you can enjoy more liberty in structuring it. You need to coordinate with one of the established small home builders who would incorporate the desired features. These homes need not adhere to strict building codes that traditional houses need to comply with. Besides, you would experience more leniency with the zoning codes.
2. Enhance your retirement experience
Residing in a limited space might not be suitable for everyone’s lifestyle. However, people moving to tiny homes with their partners tend to be more understanding and patient. Besides, they are more open to communication. The impulse to live in a small home stems from the willingness to experiment with a different type of living. You should be ready to adapt to changes.
You step into a welcoming community when you join the tiny home movement. In the process, you can craft new experiences and enhance the quality of living after retirement. An enriched and rewarding lifestyle awaits you in the tiny premier homes after you leave the workforce.
3. Reside closer to your family
Moving to a tiny home will make your lifestyle much more flexible. You can enjoy your lifestyle closer to your family. If your family members have a baby, you can get one of these tiny homes close to their property. This would eliminate the hassles of committing yourself to a home loan or lease. Transporting the little houses on wheels and parking them close to the other property is easy. However, there might be specific rules in the particular state to which you must adhere.
You can explore different tiny home park models with us and choose the one that appeals most to you. Contact us at Tiny Homes of Lake Norman at 833-955-8469, and we will assist you in customizing your home. Get a free quote from us by filling up this contact form. If you plan to buy a tiny house, you will find our professional support valuable.
Tiny Homes of Lake Norman
