Economical

There are many costs to living in any type of a home and they include:

  • Taxes:
    Taxes are charged directly to the homeowner and make up part of the rent component for renters.
  • Property:
    Maintenance of a property is the responsibility of the homeowner. Renters typically only have access to shared space, and this is maintained by the landlord.
  • Maintenance:
    A homeowner is responsible for the maintenance of their property while the landlord maintains the rental property.
  • Utilities:
    All utility costs are the responsibility of the homeowner, and depending on the rental agreement, renters may pay all, some or none of the utility costs.

Pros

  • Many tiny homes use solar power to operate their household lighting systems, reducing their cost of hydro to little or none.
  • The compact nature of tiny homes results in very little unused, open space that needs to be heated and cooled to maintain a comfortable living temperature. (no hallways, empty rooms, etc.)
  • Tiny houses are typically well sealed and insulated to traditional house standards. This means they are very economical to heat and cool because of their compact nature.
  • Most tiny homes are built using the latest building materials and methods. This makes them very easy to heat and cool.
  • Many tiny houses use alternative heat sources, which are affordable and environmentally responsible.
  • Many tiny homes use a composting toilet system lessening the strain on sewage treatment and disposal.
  • Many tiny homes use 12 volt lighting systems to efficiently light the home.
  • Tiny homes are typically on shared land, reducing any property maintenance costs.
  • Tiny homes cost less than traditional homes, so mortgage costs are significantly less. In owner built homes, this is more so.
  • Realtor and lawyer fees are eliminated when a tiny homeowner moves, as they typically take their home with them.

Cons

  • There are no areas of the Tiny Home ownership where costs will exceed that of owning a traditional home.
  • While Tiny Homes cost more to acquire then a rented accommodation, they are an asset which can be paid off, eliminating the payment to own.

What does it cost to live in a Tiny Home?


  • If you would like to become an advertiser on our Festival billboards and website, select the button above and create an account. If you currently are an advertiser and would like to access your account, select the button above and log in.

  • TodayToday118
    YesterdayYesterday182
    This WeekThis Week507
    This MonthThis Month3990
    All DaysAll Days131794
    Launched: August 15, 2017
    • Online Users: 0
    • Offline Users: 173
    • Guests: 83

Latest Post

21 September 2018
Friday’s shout-out goes to Maria Guerrero who recently joined our Advisory Board. As an Architect, her dream is to help the world reach true freedom, peace, and happiness by designing beautiful, magical sacred spaces where people can enjoy the journe...

Product Sponsors