Why would you want to spend $15,000 to $50,000 on a small house when you could add a real addition to your house and have a permanent improvement built right on to your existing house? This article is assuming you are building a tiny house as an additional room along with your existing home. Here are a few suggestions that may also get you thinking of other reasons this might apply for building that tiny house. You can then decide what would work best for you and your circumstances.
- Permits Costs: The cost of a permit has grown by leaps and bounds over the past few years. I want to give you an idea what an average permit will cost you today. In most places in the U.S. they range from $15,000 to $50,000. Just to add another room or addition to your existing home. Remember that is just to get a permit to build your addition.
- Permits may not be available at all: Some towns, cities and counties no longer will issue a permit. You are banned from any new construction or additions in some areas of the country. This takes the ability to add to your home completely out of your hands. The answer is NO!
- Permit Time: Once a permit is requested it can take up to one to two years to process. If you need a space addition right away, it won’t happen. It is necessary to plan way in advance and to know your needs are long before the construction can even start.
- Mobile: If you build a small house it can be moved when tenancy or purpose changes. It is not contained by a permanent foundation, but can be connected to a truck and towed to your new location and used again for the same purpose.
- Little Houses can be Sold Separately: When it comes time that you no longer need the additional space you can sell the little house separately from your real estate. It is easy to get back your investment, without completely selling your existing home to downsize. Or if you are living in this home and need to upsize because of additional family members, etc., you can sell it and migrate upwards.
These are five good reasons to buy a tiny house or space on wheels. Do you have other ideas or good reasons to do this? If so please use the comment section to give us your suggestions. by Kent Griswold (Tiny House Blog)