3 Things To Consider When Moving Into A Tiny House
Many people opt in for smaller homes simply to save money on maintenance and living fees. Unfortunately, these minimalistic abodes still require hefty startup fees since most mortgage brokers will not cover them right off the bat. Once you’ve secured a startup loan, there are two more things you’re going to have to take time to consider. The first thing to evaluate is where you’re going to place your tiny home. The second is whether you want to buy a premade variety, or build it from scratch.
- Loans offered for tiny homes include RV loans and Personal loans. Personal loans come at a higher interest and shorter terms.
- You need to decide where you are going to put your tiny house, will you buy a plot of land, or will you travel and haul it with you.
- You also need to decide if your tiny home will be custom designed and built or if you will buy from the available options.
“Though leading a low-cost lifestyle is one of the main draws to tiny house house, you’ll likely still need money to get the process started. Unfortunately, unlike more traditional homes, tiny houses can’t often be mortgaged.”