Here in America, bigger always seems to be defined as better. However, when it comes to mansions, or “McMansions,” they can deplete a buyer’s savings account pretty quickly.
With the initial cost of the mortgage down payment followed by monthly payments for decades—it’s a huge investment. Then the costs of interest, repairs, general maintenance and taxes on the assessed value of the home all add up to being more than many buyers can handle. This trail of extra costs often leads to the house being foreclosed sooner rather than later.
Tiny Home Trend
For these and other reasons, there has been a major shift in interest towards tiny homes and minimalist thinking. Minimalist thinking is the concept that contentment can be achieved with fewer material possessions. Tiny homes incorporate this idea into reality: the average American home is 2,600 square feet while, in contrast, the average tiny home is a mere 200 feet. Some tiny homes are even less than 100 square feet in size.
It’s hard to imagine being able to fit all of your necessities into such a small space. Such a difference in square footage would seem to severely limit livability; this dilemma has encouraged many incredible space-saving designs to surface. These designs range from utilizing vertical space to multifunctional appliances, all of which will be uncovered in “Americans Look To Tiny Homes Part 2.”