They Don't Expand with Your Family
You may be single and fancy-free now, but what about in 10 years’ time? Before you invest in building a tiny house, consider your plans and factor in any children you may want to have in the future.
Research Property Costs and Zoning
Choose a Convenient Location
After you’ve scoped out a piece of land to build on, consider its proximity to services you need as well as your workplace. Where will you buy groceries? Is there a drug store nearby? Will you be isolated, or can you easily visit friends—and vice versa?
Plan for Extreme Weather
Think About Plumbing and Waste
As the owner of a tiny home, you will become familiar with the composting toilet, which allows you to build on land with no septic tank. An alternative to the composting toilet, an incinerating toilet reduces waste to ash. Both have their pros and cons, so it's important to do your research.
Build for Security
Know Where You Can Park
Budget for Upkeep and Repairs
Satisfy Your Storage Needs
While a tiny home can’t be insured like a traditional house, according to Policy Genius you do have options, including RV policies (for mobile homes) and manufactured home insurance policies (for stationary homes). Prices can run from $400 to $1,500 annually, depending on the cost of the house, its location, the coverage you select, and the deductible.
Your home is most likely your largest investment. Home insurance is a valuable way to protect the investment, but could you save money on your home insurance policy? Read our top tips for how to safeguard your property while saving money.