Tiny House – Rent or Own?

Tiny houses have been growing in popularity across the US and many people are starting to consider making a lifestyle change. Tiny living is not for everyone, but for those who truly enjoy the lifestyle it can be an extremely rewarding experience. One of the major doubts that future tiny dwellers have is whether to rent a tiny house or build their own. Here are some of the factors to take into account when making that decision of looking for tiny houses for sale in florida.

First-Time Tiny Dwellers

As mentioned, tiny living is not for everyone. No matter how hard you try to love, if you are not cut out for it, you might be better off living in more spacious housing. Before you actually make a decision to build or buy a tiny house, it might be a good idea that you try out tiny living by renting a tiny house for a period. That would give you the opportunity to test the lifestyle and better understand what does tiny living entail. If you are better prepared and informed, there is little doubt that you will make the right decisions when it comes to buying or building your own home.

Finding Land, Zoning Requirements

One of the main obstacles that future tiny house owners face is finding the lot on which to build or transport their tiny home. Tiny houses have not been met by the uniform approval of local authorities and regulations across the US, so finding a lot to put your tiny house on is a huge challenge and can be a deal breaker when trying to build or buy a tiny house. On the other hand, renting your tiny house bypasses all that hassle since someone has already taken care of all that and you can just enjoy the lifestyle

Short-Term vs Long-Term

When deciding on whether to purchase or build a tiny house you have to be clear on your plan for living there. If you are willing to explore the lifestyle but your job security or future plans are not set in stone, renting would be a much better alternative. On the other hand, if you plan to live in a tiny house for a considerable amount of time and the lifestyle is part of your long-term plans, you should buy or build a tiny home. This would also allow you to customize your living space and make it tailor-made for your needs and plans. In the long term, buying or building your tiny house will actually save you money as well.

Access to Financing

Getting financing for the purchase or building of a tiny home is a challenge to put it mildly. Tiny Houses are still looked down upon by regular sources of financing, many consider them fire hazard or don’t see their value increasing. Often you either have to get financing through the actual tiny house building/manufacturing companies. On top of that, insurance premiums on tiny houses tend to be quite high due to perceived risk, and often there are very few policies to choose from with limited coverage. This is all concerning for potential tiny house owners, so if you don’t have access to all of this in your area, renting might be a better and safer choice.

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