It's no secret that tiny homes are growing in popularity. In 2018, more than half of Americans said that they would consider living in a tiny home--and several of them were already making moves to do so.
The truth is that living full-time in a tiny home isn't for the faint of heart. Tiny home living requires serious downsizing and a commitment to organization that larger apartments and housing units don't require.
However, what if we told you that you could purchase your own tiny home to use specifically when you're in the mood for a nice getaway?
Read on to learn why buying a tiny vacation home comes with some major benefits. Tiny home-living just might be the perfect solution to your vacation desires.
Buying a vacation home is often something that families only dream of, given the expense of purchasing and maintaining a second property. However, tiny homes can cost as little as $34,000 to build.
Plus, the cost of maintenance for a tiny home is substantially lower than a larger property. Not only do you have less interior and exterior upkeep to worry about, but the necessary utilities to run a tiny home are minimal. After all, heating and cooling a property between 200 and 700 square feet doesn't use up a ton of energy.
When you're looking for a vacation home on a budget, you're almost always going to be shopping in the old construction market. Customization and new-build options are almost always out of the question if you aren't prepared to dish out a few hundred thousand dollars.
However, because tiny homes are affordable, you have more options in regard to the style and design you're looking for. At Overlook Homes, we offer a variety of floorplans that you can choose from to ensure that your vacation home suits your exact taste and needs.
For the past several decades, we've seen an explosion of vacation condos on the real estate market. Big developers have cashed in on popular vacation spots and built amenity-laden communities that are often beach-side, lake-side, or mountain-side.
The only problem with buying a condo as your vacation home? More often than not, you're going to be slapped with HOA or condo fees. Believe it or not, the homeowner's association or condo board won't bat an eye if you don't live in your condo full-time. They'll still expect to get those fees in full every month.
When you buy a tiny home for your vacation home, you don't have to worry about boards, fees, or rules. As long as you have access to land and the permits to build on that land, you're good to go.
Chances are, if you're thinking about investing in a vacation home, it's because you love to return to your favorite spot and kick back for a few days or weeks throughout the year. You're no longer interested in sharing walls and hallways with other vacationers and you may even want the space to start cooking your own meals or relaxing outdoors undisturbed.
Tiny homes make vacation privacy a reality. As we mentioned earlier, all you need is access to private land. After that, it's your choice to set up your vacation spot as close or as far from other vacationers as you desire.
The great thing about a vacation home is that when you're not using it, someone else can. In fact, your friends and family will be over the moon when you invest in a tiny vacation home, since that means they might get to use it, too!
However, sharing your tiny vacation home doesn't have to be pro-bono for everyone. The short-term vacation rental market has exploded and is expected to grow from about 34 million renters to over 38 million renters by 2023. As it turns out, you're not the only one looking for a vacation spot that's a little more off the grid and private than a hotel or resort!
Opening up your tiny vacation home to short-term renters is a great way to boost your income. There are plenty of short-term vacation rental apps to choose from that make the advertising and booking process easier. As long as you can commit to a bit of light maintenance between visits, you're set to start bringing in a few extra thousand dollars each year.
Money isn't the only thing that tends to stop families from purchasing a vacation home. What happens if you decide that you're no longer interested in returning to that same vacation spot year after year?
Tiny homes aren't exactly mobile homes (our tiny homes aren't built on wheels), but they can be moved. With the right moving equipment, you can take your tiny vacation home to a new location if the original location loses its charm over time. You don't have to stress over selling one vacation home and buying another when you go tiny.
If you're thinking about purchasing a vacation home for you and your family, why not make it a tiny home? As you can see, there are tons of benefits to purchasing a tiny home for your vacation spot. So, what are you waiting for?
To find out more about our tiny home options here at Overlook Homes, contact us today. We can't wait to show you what we have in store for you and make your vacation home dreams become a reality!