What was once a novel and somewhat hipster way to live is gaining a lot of traction in the UK. The origins of the tiny-house movement were in enjoying a simpler living space. With that came the benefits of lower costs and being much more eco-friendly.
While certainly not the traditional path to getting on the property ladder, tiny homes do boast a lot of appeal in the current market. The floor space may rarely exceed 40m2, but that’s proving to be more than enough for many early adopters. So, what’s propelling this movement to much, much smaller homes?
Housing and cost of living pressures
It’s been quite some time since getting on the property ladder as a first-time buyer was this difficult. The Economic Affairs Committee said that new builds need to number some 300,000 per year to meet the demand. With limited options, house prices have risen, but it also costs more to get a foot on the ladder.
They’re an increasingly viable alternative. Not only are they far cheaper to get, but also a lot cheaper to upkeep. It’s this angle that even has existing homeowners looking at the tiny house market more intently. Some 2020 figures suggest that moving to a tiny home would save the average person up to £1,050 per month.
With interest high and house prices going up again, some homeowners are in a predicament of wanting to sell. Downsizing has long been popular for anyone wanting to keep property and save more money. Getting a tiny house is the ultimate form of downsizing.
As there’s WeBuyAnyHome’s sell house fast service, the switch can be made as soon as the seller’s ready. The service includes the option to choose a completion date. Plus, applicants can get a free cash offer in minutes without hidden fees. So, that gives a near-instant idea for your budget and savings from selling and going tiny.
Price and perks of the tiny home
As you’ll likely know, there aren’t too many readily available tiny houses on the market. There are developments on the way. In Auchtermuchty’s Pitmedden Forest of Fife, plans have been approved to build a tiny housing forest commune. It’s an idyllic location that could see a lot of interest and growth down the line.
Elsewhere, most people opt to have their tiny home custom-built. Those who sell up a traditional home for a tiny home tend to have a good chunk of change to do this. Otherwise, getting a mortgage for between £30,000 and £100,000 is obviously more achievable than for the average UK house price of over £280,000.
Companies like Tiny Eco Homes UK Ltd have thrived since the tiny-house movement picked up steam. They offer fully bespoke and custom builds for tiny homes. Some are as small as 18ftx18ft! They do road legal tiny houses, eco-friendly ones, or completely bespoke options.
Tiny homes have come a long way to meet the increasing demand. Those who’re interested in owning property or downsizing would do well to review the bespoke tiny home options now available.
Image Source: Pixabay
