" alt="Hillman Real Estate Group" />The demand for tiny homes is getting bigger and if this is something you are interested in, you are in luck! The Triangle is the perfect place for you to lay down roots, no matter how big or small they may be.
There are many advantages to living in a smaller home with one of the biggest being financial benefits. According to TheTinyLife.com, for most Americans, one third to one half of their income is dedicated to the roof over their heads. If you are ok with a little less space, many tiny homes come with smaller price tags which means you can spend less on your mortgage and more on the rest of your life! This is also a great option for those who feel “stuck” renting due to the increasing costs of ownership. You may not be able to afford a 2,000 sq. ft. home but you just might be able to afford a home that is less than 1,000 sq. ft.
A Few Stats from The Tiny Life
- 68% of tiny house people have no mortgage.
- 55% of tiny house people have more savings than the average American, with a median of $10,972 in the bank.
- 78% of tiny house people own their home, compared to 65% of the homeowners with traditional houses.
- 89% of tiny house people have less credit card debt than the average American, with 65% of tiny house people having zero credit card debt.
Smaller homes are also a great fit for those who would like to do less housework, travel often, are looking to downsize, and who want to live a “greener” life. Smaller homes use much less electricity and water to run.
Source: TheTinyLife.com
There are a couple of options for purchasing smaller homes and you may be surprised to learn that you can even buy them on Amazon! That’s right, Amazon even offers tiny house kits that you can assemble yourself with a small army of friends and family. If this is something you are interested in, we would love to help you find land for your tiny home. Call 919-877-6708 and check out some of the Amazon house kits below.
Not into DIY? Start your search below and give us a call at 919-877-6708 to schedule a showing for any of these existing bungalow-style homes in Raleigh, Durham, and beyond.