Global Real Estate

There has been a rise in folks looking to downsize their homes for a variety of reasons:

1. A simpler, less cluttered, and more sustainable lifestyle;

2. Decreased home maintenance; and

3. Increased freedom and mobility.

While tiny homes have been around for centuries, the real boom took place in the early 2000’s in the midst of the economic and housing crisis, for obvious reasons. However, it has since spread and become a mainstream idea in the world of home ownership.

In a 2018 survey by the National Association of Home Builders, more than 50% of all adults surveyed would strongly consider living a home with less than 600 square feet. Among millennials, that number rose to over 60%.

To successfully make this lifestyle work, the homes use strategic spacing and utilization of the spaces in the design phase. Each nook and cranny is carefully crafted to ensure there is no wasted space. Stacked washer and dryers, drawers leading up the loft stairs, and compact appliances allow for the tiny home to be extremely efficient.

Tiny homes often cost a fraction of what larger homes cost. Understandably so since less materials and less land is used. If you are a young adult (or any age, for that matter) looking to make an investment, own houses around the world, or simply live small…consider tiny, eco-smart homes. If you have a large family with young children and are looking to relocate permanently, this option may not make the most sense for you.

What are your thoughts on tiny home living? Have you spent any time living in a compact, efficient space? Does downsizing seem like a lifestyle change you would enjoy?