5 Great Reasons to Build a Small House
September 16, 2019
There are so many great reasons to build a small house. Beyond the masterful achievement of building your dream home.
5 reasons to build a small house
1. Financial Security in Living Mortgage-free
Many Mighty Small Homes buyers don’t have to borrow money to build their dream home. One of the most significant advantages to building or purchasing a small home is the increased financial security and freedom gained from living mortgage-free.
Imagine what you could do without loans. That alone is an incentive. You are only paying for your home and not funding the bank. If you do need a small loan, the interest rates are low. Without a mortgage, or at the very least a smaller mortgage, you can save for travel, education, other investments, retirement, or a reserve of health funds.
With a smaller loan, you significantly reduce the risk of home foreclosure or bankruptcy due to an unexpected job loss or health crisis. You may even make money on your home by using it as a second vacation home rental or an Airbnb.
Building a small house kit can also act as a hedge against volatile market fluctuations. Living without a mortgage means that your Mighty Small Homes will never be at risk of going “underwater” if the housing market collapses.
Read More: ADUs as Airbnb rentals make perfect sense
2. Learn Fantastic Building Skills
Basic carpentry skills are a must for building a small home. Many people undertake the adventure of building a small home with a focus on expanding their skills and self-sufficient independence.
Building with a small house kit simplifies some parts of the project. A small house kit requires less skilled labor to get the home under roof.
Whether you choose d-i-y with the Internet as your guide or work with a professional contractor, it is an amazing, once in a lifetime opportunity to learn how to build a house – your dream house. You will be a renaissance man or woman able to take your building and designing skills to a new level. Carpentry, flooring, exterior siding, and roofing materials with a Mighty Small Homes kit will make it easy and fast. Once you build your small house, you’ll know where every nail and screw is and then save on repairs and upkeep because you’ll have the skills to do the work.
3. Every Choice is Yours
You may decide to use a great existing floor plan to suit your taste and needs, or you may choose to design your layout. Either way, you are in control. How many times in life can you say that you made every choice? Talk about empowerment, the experience of building a small home is rewarding at every step. You control your budget, construction, customizations for your home, storage, décor, eco-footprint, layout, and your construction site. So whether your tastes are traditional, modern, or somewhere in between, you will have unlimited possibilities to explore. Your home will be one-of-a-kind.
4. Build a Small House to Save Labor, Utilities, and the Earth
When your home is fully contracted, labor and material costs are passed on to you. Tiny houses built by custom home-builders can start anywhere from $60,000 to $80,000, and you probably won’t know what materials are going into your construction. You can avoid the horror stories of shortcuts that cost to replace or possibly endanger you and your family. Not to mention, price tags increase the ratio of price to square footage to levels that can become untenable to someone interested in a small home.
Homeowners can save as much as 25-to-35 percent building a small home when they cut the cost of labor and make choices that stay within your budget. While there are some activities best left to a professional, some labor you can do on your own.
You will feel good about the home you live in and reduce your carbon footprint because you’ll know the materials used. With small homes, you can take advantage of energy alternatives such as composting or low flow toilets, wind and solar power, recycled and upcycled materials.
You can make some great, clean, and green choices.
5. Building a Small House is a Great Alternative to Traditional Downsizing
Small homes are becoming a smart alternative to traditional downsizing options. Whether you are looking for something more customizable than a retirement community, or a smaller, one-story for when the children move out, or a starter home for a new couple, small homes may be the answer.
Many people of all ages are discovering new freedom as they downsize. Having to clean, track and haul less “stuff” makes us think about what’s most important to us. It can transform your life – for the better.
An accessory dwelling unit offers an opportunity to keep your parent(s) close to you while they maintain their independence. You can simplify. You can indulge. You can live the way you want to live.
Embarking on the small-house journey can be life-changing. You will be more focused, more disciplined, and more able to deal with life’s daily stresses. After all, if you can achieve your goals of building a tiny house while juggling life’s day-to-day distractions, you can do anything.
Building a small home can make a dream into reality. How often can you say that about anything today? Get inspired.
At Mighty Small Homes, our small home kits are built with strength, sustainability, and simplistic beauty.
Contact us today for your free consultation.