In the twentieth century, the huge advances in engineering, industry, and technology led everybody to believe that bigger is better. But in the twenty-first century, this idea is being revisited, and more people are choosing to strip back their lives. It turns out that materialism just doesn't make people happy and that giving things up rather than acquiring things is far more happiness-inducing.
This has led to people moving out of their big homes and relocating to Tiny Houses – very small spaces that have a minimal impact on the environment and that just don't allow for lots of "stuff". Even though the Tiny House movement has really been about lifestyle, they also make sound financial sense, and here's why you should think about getting on board.
Perfect for first time investors. If you live in Australia, you don't need to be reminded about the high cost of living. Yes, salaries are high, but you need to be earning big wads of cash each month if you are to have any hope of getting on the property ladder as a first time buyer seeking out a mortgage. If you don't have wealthy and generous relatives, it's basically impossible, but not with Tiny Houses. Simply because they are much smaller, far less capital is required of them for a property investment, which is ideal for young first time buyers who are more likely to live alone anyway.
The Green movement is lucrative. Climate change is the biggest issue affecting the world right now, and it's seen as very desirable to live in an eco-friendly way. This means that anything with a tinge of green to it is potentially lucrative. Tiny Houses are environmentally friendly simply because they are smaller and thus require less energy for things like heating and cooling than other properties. Factor in that many Tiny Houses are also built with solar power, and you can understand why they make good investments.
Lower overheads. Tiny Houses also make financial sense because of their low overheads. It's important to remember that even if you can get together a mortgage deposit for a regular house, the costs don't end there. You have to heat the house in winter, cool it in summer, maintain a garden, run electrical appliances, and more. This monthly burden can be overwhelming, but with Tiny Houses, your overheads will be minimal, and you won't feel so burdened by bills.
If you're thinking about investing in a tiny house, you may want to contact a local property investment company like PEB Group Pty Ltd to learn more about the benefits of this option.
Hi, my name is Molly. I have been a property owner since my grandma died when I was eighteen, and I inherited a rental property. Over the years, I have managed that property very successfully, and about ten years ago, I started adding to my collection. While I would definitely say that the investment property game is not a get-rich-quick scheme, it can make lucrative money. To help others who are interested in getting into the game, I have decided to start a blog. Here, I am going to share insider tips, experiences and ideas. Get comfortable and feel free to explore!