A regular home usually entails taking out a mortgage for most people, which includes interest charges as well as monthly repayments. This interest racks up quite the amount on an annual basis, whereas tiny houses are generally bought without financing due to their low purchase price. First and foremost, living smaller in such a way means there aren’t any interest charges.
Moreover, insurance and utility costs are also quite low because the houses are generally very small. A regular home would include a visit to a notary and a mortgage advisor; costs you can avoid when purchasing a tiny house. This leaves you with more money to either save or spend on other things.
Because of the multitude of ways it allows you to cut back on expenses, more and more people are opting for a tiny house. Have you been convinced, or would you rather live in a regular home? Either way, be sure to share this house with your friends!