TINY Homes are even running cheaper than cars as one influencer has come across one on a budget that retails for under $13,000 at Home Depot.
Now keep in mind that tiny homes can be costly.
For example, on average they cost anywhere from $30,000 to $60,000, according to a report from real estate firm Rocket Homes.
But TikTok influencer @minihomemonster has found one on a budget.
Mainly his channel, which has more than 32,000 followers, consists of showing off tiny homes sold at Home Depot.
The total cost of one he found in a recent video was $12,629, amounting to only $291 per month.
A caption in minihomemonster’s video reads: “This Home Depot tiny home costs less than a car!!
For context, the average price of new cars is $716 per month, while this is $526 for used vehicles, according to Bankrate.
The tiny home that minihomemonster showed off is 16×20 in size.
It also comes with a second floor and stairs.
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So this might be a great option for those who are looking to cut costs amid high inflation.
THE HIDDEN COSTS
While $291 is tough to complain about, there are other costs that you need to keep in mind.
In particular, you can expect to need to pump money into upgrades.
For example, a recent tiny home minihomemonster came across was listed for only $9,528.
However, if you all the upgrades to make it resemble the model, the price skyrockets to $29,997.
He said that they bought the tiny home over winter for just over $9,000 and purchased the materials to do the renovations themselves.
They added that “it wasn’t difficult at all.”
Also, keep in mind that your tiny home could be subject to annual property tax fees if it is occupied on land.
For example, in New York, these extra fees would cost you an extra $99, according to a calculator from SmartAsset.
OTHER TINY HOMES
Those in the market for a tiny home will want to check out some other examples.
Robin @zaxislife lives in a $52,000 space that’s only 400 square feet.
However, she said “It’s got everything you need,” as she showed off the full shower, toilet, and sink.
Also, Robin has a spacious closet and a guest room with a double bed in the loft.
Rhiannon Brevik is a mom-of-two who lives on a $6,000 fifth wheel she found on Craigslist.
She recently showed off her home on TikTok (@rhiannonbrevik) and wowed her followers with the RV’s natural light and functional appliances
Another TikToker named Raychel (@notluxe) has lived on a converted ambulance with her husband for the past two and a half years.
And Idaho native Ivan Ellis Nanney spent $17,000 on a tiny home, which makes him $50,000 per year.
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