Contrary to huge homes and apartments seen in the latest TV shows and movies, not everyone wants a mansion for their next home. The downsizing and tiny homes craze sweeping the nation might be the best solution for you or your buyer. Smaller homes appeal to more than just singles and new homeowners. Empty nesters, divorcees, newly-retired and even simply families looking to trim down their lifestyle can all benefit from smaller homes.
Benefits of a Small Home
Small homes are great for the eco-friendly buyer. They naturally use fewer materials and less energy than larger homes even without additional green engineering. You can leverage that environmentally friendly mentality even more by getting your home even further off the grid. Adding solar panels, low energy lights, and xeriscaping the yard and bring even more "green" buyers your way. Small homes already have lower utility costs.
Worried about maintenance costs? Small homes are the answer! With less square footage, fewer furnishings and a smaller roof, your small home is even simpler to take care of. Not only will any required maintenance move faster, smaller means cheaper, too. This makes them an excellent property for renters, so think about small or tiny homes in great locations for the perfect investment properties.
If you definitely want to own your own home but are worried about being "house poor," a small house is the best choice. They tend to have lower cost overall which leaves you more money for local entertainment, travel, hobbies, fashion and more. Smaller spaces mean you have to pay attention to your furnishings and storage solutions to not overwhelm your space. This can be helpful in keeping your possessions manageable and teaching kids or roommates how to work together to use space. Speaking of kids, they will be happy too, because a smaller home means less to clean. Everyone from 9 to 99 can get excited about fewer chores.
Think that a small home might be the one for you? Ask your agent to help you find the best small homes in your area!