Is tiny the new big? Well, sort of, but not quite.
So is everyone going small? Quick answer: No! In fact, overall, the size of American homes has climbed drastically. The average new home hit 2,600 square feet in 2013, an all-time high that surpassed even the housing bubble years, according to CNN. Still, our data show that most consumers are looking for something more modest. Homes between 1,000 and 2,000 square feet get the most views on realtor.com®
Are tiny houses popular? According to Google Trends searches, yes. Right now, they’re about as popular as they’ve ever been. But why? It stems down to becoming a homeowner and enjoying a life without a mortgage.
Why More People Than Ever Want to Live in Tiny Houses
Until recently, there were only a handful of tiny-house communities across the country. But just this year, more than 30 microcommunities—established or under development—sprouted up across the country, according to Tiny House Community.
Surprisingly, tiny houses are not as cheap as most think. If you look at price per square foot, homes with fewer than 500 square feet are actually the most expensive on the market. For bargain hunters, 500 to 1,000 square feet is your sweet spot. That’s because every house comes with a fixed cost, including basic structure and high-ticket items such as the heating system. As a house gets bigger, the incremental cost for these pricey items lessens.
Read the full story: http://www.realtor.com/news/trends/strange-allure-of-tiny-homes-explained/
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