How Much Does a Tiny Home Cost?
Here’s a little-known fact about the Joybird team – we love tiny homes. They are stylish, innovative, and surprisingly functional. What’s more, you have to find new and inventive ways to be pretty savvy in order to fit a lot of style into a 350 sqft space.
If you’re looking to buy a house in some of the most desirable locations throughout the country, you may find that you’ll have to save for a while to afford a sizeable down payment. In light of that, we wondered if it was possible to beat the system with a tiny home.
What if, instead of buying an existing home in these desirable places, you could buy land and build a tiny home instead? How much money would you actually need to save in order to do that?
To find this out we priced out an average tiny home and then scoured real estate listings to find the cheapest plots of lands available for sale as well as the cheapest houses available on the market to find out how much you can save.
Turns out, it’s a lot if you want to live in beautiful places with tiny spaces.
Aspen
Aspen is wonderful and if you bought one of the cheapest plots of land and built a tiny home on it, you could save a huge amount of $745,000 when compared to the cheapest home available for sale. You may not be able to host skiing parties, but with that savings, you and 100 of your closest friends could just go to the nearest ski resort!
Big Sur
Big Sur has it all – winding turns, seaside cliffs and spectacular views of the often-misty coastline. While it’s still expensive to buy land here and build a tiny home, compared to a buying a regular home you’re still saving $660,000. That’s quite a lot of spare money to buy furniture with!
Key Largo
Key Largo, so great the Beach Boys sang about it. If you want to take advantage of those panoramic ocean views and sandy beaches, you could buy land and build a tiny home for just $140,000 – that’s a saving of $709,000 when compared to buying a regular home!
Lake Tahoe
There aren’t many places that boast beaches and ski resorts, but Lake Tahoe certainly checks both boxes. If you want to live near Lake Tahoe, you can buy a tiny home and land for only $280,000, which would save you $689,000 when compared to buying a regular home.
Malibu
Do you enjoy surfing and spotting the occasional celebrity? Yes? Well then, Malibu may be the place for you, even if you’re on a budget! You can buy land and a tiny home in Malibu for just $360,000 saving a huge $630,000 when compared to buying a regular home.
Maui
Living the island life in Maui isn’t as expensive as you might think. For just $204,000 you can have a plot of land that is over 8,000 sqft and build a tiny home on it and still save big. You would save a whopping $316,000 if you don’t mind living in a 350 sqft home!
Yellowstone
Want quick access to Yellowstone National Park? West Yellowstone may be for you. For just $115,000 you can build a tiny home here and save an incredible $810,000!
