Over the past few years building companies have been developing residential properties packed with tiny apartments, which is often frowned upon by buyers who want to enjoy the benefits of a larger home. Still, there are many advantages to a smaller living space.
So, what are the big benefits of small homes?
They are cheaper to buy.
One of the main benefits of a tiny home is that its cost, along with associated expenses such as bank loan charges, fees and commissions, is much more affordable. This can save you a whole lot of money that could be spent on refurbishment and furnishings, or simply put aside. It is also worth mentioning that settling for an undersized apartment could even get us into one of those prime neighborhoods that are otherwise way over our budget.
They are cheaper to maintain.
Another huge benefit of a small home is that it saves you money on utility bills and other routine expenses. Lower heating costs can be a huge relief for the family budget, especially during the colder days of winter when gas and electricity bills typically go through the roof.
They are easier to redesign.
The larger a home is, the more time it takes for it to be refurbished. Remodel works on a smaller place, however, take much less time to be complete. This can be a huge stress relief for new homeowners who are typically eager to move in.
They are cheaper to refurbish
A quality remodel comes at a price, and a high one of that. Labor and material costs are calculated as per square footage, so larger estates are naturally more expensive to redesign. A small-sized home, on the other hand, costs much less, so you can easily save money to spend on high-end finishes for example.
They are easier to clean
Housework can take up many hours on weekends, that you could otherwise spend doing something much more enjoyable. With a small apartment, however, an easy-to-clean home can be a dream come true.
They hold less clutter
People tend to hoard stuff in their homes and often buy things they don’t really need. Such items are typically put away in the dark corner of some cabinet, where you would eventually forget about them altogether. A tiny home, however, encourages you to cut down on clutter and only keep what you really need. There is no room for useless items in a small home which could be quite liberating.
They are more cozy and intimate
A large house can be impressive but nothing compares to the comfort and warmth of a smaller living space. A tiny home can promote closeness and intimacy, as it brings people together and encourages communication.
They are easier to sell
There may come a time in your life when you would have to relocate because of a new job, a baby on the way, or the simple need for a fresh start. Smaller, yet functional homes are generally much easier to sell because of their reasonable cost. Therefore, a tiny apartment could be, besides all else, a good investment, too.
If you are looking at refurbishing a tiny home, don’t forget to read our article about interior design of small spaces.