Living in tiny homes has turned out to be a popular trend among millennials. How about retiring in one of these tiny houses? If you are someone working on your retirement plans, you must definitely consider talking to a tiny 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 of course, lower maintenances to carry out. No wonder, you might want to be a part of the tiny home bandwagon. A study reveals that 40% of the people who own tiny houses are older than 50.

We, at Tiny Homes of Lake Norman, are a reputed tiny house company. You can reach out to us for tiny home design ideas. If you are looking forward to purchasing one of these homes to spend your days after your 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, as compared to the average household. You can save a significant amount of money when you reside in a tiny home. Senior citizens can benefit in a number of ways when they move to a tiny home. 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 simply 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 a lesser amount of work to do. Activities like garbage cleaning or maintaining the home 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 yourself for different causes, exercise, or spend quality time with friends.

3. Lower utility bills

Regardless of where you live, some expenses like utility bills remain constant. However, when you get tiny home lots for rent, you can significantly slash down your utility bills. Small 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.

When you move to a smaller home, you would need lesser money to furnish, cool, or heat it. On a monthly basis, you need to 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 tiny home models that the reputed dealers recommend.

Why do retirees move to tiny homes?

Apart from the financial aspects, you have several other reasons that 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 some individual preferences, based on which you can choose your lifestyle. Accordingly, you can choose the features in your home, that would complement your personal needs. When you build a tiny home, you can enjoy more liberty in structuring it. You simply need to coordinate with one of the established tiny homes 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 tiny home stems from the willingness to experiment with a different type of living. You should be ready to adapt to changes.

When you become a part of the tiny home movement, you step into a welcoming community. 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 premier tiny homes after you leave the workforce.

3. Reside closer to your family

Your lifestyle would become much more flexible when you move to a tiny home. In fact, you can enjoy your lifestyle closer to your family. Particularly, if any of your family members have a baby, you can get one of these small homes close to their property. This would eliminate the hassles of committing yourself to a home loan or lease. It is easy to transport the tiny houses on wheels and park them close to the other property. However, there might be certain rules in the particular state to which you need to adhere.

With us, you can explore different tiny home park models and choose the one that appeals to you the most. Reach out to us at Tiny Homes of Lake Norman on 833-955-8469, and we will assist you to customize your home. Get a free quote from us by filling up this contact form. If you are planning to buy a tiny home, you would find our professional support valuable.