Are Tiny Homes Expensive?
The list price of the Tumblewood Tiny House ELM is $75,959 without extras (and some extras are quite handy/required, such as a composting toilet, which all-together can take the price above $80,000), whilst Rocky Mountain Tiny House say that their 34 foot long trailer builds will be “$70-100k”. Whilst the average American home is $275,000+ (making tiny houses look cheap), you can buy a house which is 2-3x bigger than a tiny house for around $80,000 in some states. Plus standard houses cost $125/square foot, compared to $200-400/square foot for a tiny house. So are tiny houses simply a rip-off which are too expensive for the average joe to own?
Whilst tiny homes do cost more per square foot to build (usually more than double the cost/square foot of a standard house), you can still be a lot better off financially living in a tiny house. It is therefore a myth that a tiny house is ‘too expensive’ for you to own.
This article explores the typical prices and costs of building a tiny house, and also how much better off financially you can be living in a tiny house compared to a standard house. We have written a separate guide on methods of paying for a tiny house, if that is what you are looking for instead.
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