Many aspects of life have been impacted because of the Coronavirus. One of the most interesting changes is the growing interest in tiny houses. This interest can be attributed to a number of reasons, such as affordability, eco-renewability, and the sheer novelty and minimalism of the trend. However, the real question is if this is more just a novelty.
In a survey of Americans who don’t own homes, over 70% said they would consider a tiny home as their home, and even more than that number said they would highly consider a tiny home for retirement. Here is a bit about why tiny homes are so popular.
Freed from stuff
By definition, a tiny home is only a fraction the size of a normal home. While the average home in America is about 2900-3000 sq. ft., a tiny home is 100-400 sq. ft. With living in a tiny home, there is a minimalism to the style of life, since there is not a lot of room for extra stuff. At the moment, tiny homes are extremely popular in the northeast and the northwest of the United States.
Over the last few years, interest in tiny homes has only grown. Many young Americans cannot afford the costs of a traditional home, but almost 80% of young Americans could afford to rent or buy a tiny home. For that reason alone, tiny homes are growing in popularity among new homeowners.
Numbers don’t lie
In addition to the Americans who said they would consider living in a tiny home, a good portion of Americans would be interested in renting one out. Around 79% of Americans would be interested in renting tiny homes only on a monthly basis, while around 35% of them would be interested in renting the property on sites like AirBnB. Not only that, but given that a tiny home goes around $30,000-$60,00 at market price, many who are interested in an investment property would find this an easy opening start.
Beside the statistics, many Americans are finding tiny homes to be a cost effective, exciting new way to vacation. During Coronavirus, the rental of tiny homes has grown significantly, for recreational and remote working reasons. For those planning to travel in the near future, tiny homes would be the perfect option, as they offer all the amenities of a full house, but at a fraction of the cost, and size.