Outside of having not turned on a television or opened a (digital) newspaper in a while, you probably know that tiny houses are a thing. Plenty of media coverage gets thrown at this innovative form of housing, whether it be a reality show perspective or a simple news piece on who uses them and why.
This has left many to wonder whether tiny houses are going to become part of our culture, like traditional homes? Or will they become a fading fad? Read on to explore what the future of tiny houses may look like.
What are Tiny Houses?
Yes, tiny houses are, in fact, tiny. Yet there isn’t really a universal standard around how big a tiny house can get before venturing into traditional house territory. In general, though, tiny houses are going to be somewhere in excess of 60 square feet but smaller than 600 square feet.
Tiny Houses are a Viable Option
Surveys are administered on just about everything, including tiny houses. IPX 1031’s tiny house survey found that over 50 percent of those surveyed would give some thought to living in one. A whopping 86 percent of the survey’s first-time home buyers would consider purchasing a tiny home as their very first home.
Why Some People Choose Tiny Houses
What’s so great about tiny homes, anyway? One of the biggest answers to that question is the price tag. Traditional homes are a hot commodity across the country right now. We’re currently in a seller’s market and have a shortage of homes for sale. That high demand has driven up the cost of homes in general, making it harder for many families to purchase a traditional house.
Tiny houses on the other hand are a much more affordable option for many. The average cost of a tiny house is between $30,000 and $60,000, making it much lower than the May 2020 median price of $284,600.
Other Appealing Features
With lower average costs, it makes sense that many Americans are considering a tiny house based on the price advantages alone. There are also a few other factors contributing to tiny houses having become a compelling choice.
IPX 1031 survey respondents agreed that efficiency was a big draw when considering whether to buy a tiny house. Roughly half of their participants also noted that the eco-friendly nature of a tiny house was enticing.
Minimalism is another rising trend lately that symbolizes the appeal of tiny houses: You can’t exactly stock up on ‘stuff’ when your house is only a few hundred square feet.
The Downside to Tiny Houses
Nothing is perfect, and the same is true of tiny houses. While they do have lots of appealing characteristics, some people may not love the lack of space.
An even bigger problem is that tiny houses are actually illegal in many areas. That’s because building codes really don’t exist for them. If you’ve ever built a house or added on to one, then you’re quite familiar with the rather strict requirements of building codes. With no codes or standards to adhere to, the safety factor of tiny houses would be somewhat unknown.
Tiny Home Industry Association is working to get a lot of this changed. If they’re successful, perhaps tiny houses will be spotted more often in more areas.
Tomorrow and Beyond
It’s easy to see how a tiny house would be quite appealing to a first-time home buyer or someone simply looking to downsize a bit. Tiny houses have quite a few attractive features that promise to make them a mainstay soon. Even though there are hurdles to overcome, it appears that tiny houses will be here today and in the future.