In a society that anticipates the “next big thing,” the tiny home trend is rapidly growing in popularity with a belief that “less is more.” From millennials trying to save a buck, to older cohorts wanting to downsize, the tiny home movement has quite the appeal for individuals who desire a simpler, more minimalist lifestyle.
Our society has always focused on the idea of the American Dream – if we work hard for what we want, we will prosper and achieve success. Over time the implication of the American Dream has evolved. To some, it exemplifies a simpler way of living to be able to reward yourself with meaningful life experiences. This evolution allows the tiny home movement to become a unique path towards the American Dream.
The typical American home is around 2,600 square feet, whereas tiny homes allow homeowners to scale down to a 100-400 square foot home. Because of the smaller home size, homeowners now are prone to adapt to more practical ways of living. Typically, these homes have an open floor plan with higher ceilings and a lofted bedroom. Each tiny house takes advantage of micro appliances and dual use furniture to take up less space, creating a cleaner look. Tiny homes are extremely inexpensive – 68% of tiny home owners don’t have a mortgage. That sounds like the new wave when about ½ of most Americans’ income is allocated to the roof over their heads.
Tiny homes are catered towards individuals and families who want to reduce their cost of living while positively impacting the environment. Tiny homeowners have a reduced carbon footprint because it uses less lumber materials to build, and it takes less electricity to power the home. Some tiny houses are solar-based, meaning that the home is only powered through solar energy. Due to the houses decreased size, many tiny homes are constructed out of recycled materials.
California, Oregon, Texas, North Carolina and Florida seem to have the highest population of tiny homes in the United States.
Here at Centricity, we follow the hottest trends to keep you up to date on what buyers and homeowners want no matter where you are. When we say that “Centricity is centered around you,” we mean it.