Buying Into the Current Tiny Homes Craze as Your Next Investment
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Looking to have lower living expenses, no mortgage, and a simple lifestyle? If so, then you might be interested in buying a tiny house!
Whether it’s simplicity, saving money, or an alternative lifestyle you seek, a tiny house could help you meet those goals. Yet before you start wondering if it's time to build or buy a tiny house, there are some things you should be aware of. Be sure you do your research before investing in one.
What is a tiny house?
Tiny homes are generally between 100sqft to 400sqft, and the rental cost is typically 10 times cheaper than renting a normal apartment. Most tiny homes are independent structures. It is possible for you to rent, buy or even build one yourself. Tiny homes are and can be mobile or they can be set on a foundation.
Buying a tiny house in Malaysia
The choice to live in a small space is a personal one, but it really works for those who are committed to downsizing. You may want to rent a tiny house for a while before you invest in your own. However, if you’re not keen on renting or building your tiny house, there’s always the option to buy. Prices for a fully renovated and the furnished tiny house starts from RM30,000. These tiny houses usually come fully equipped with the basic amenities and just enough space for you to move around.
Tiny home living benefits
Perhaps one of the biggest impacts of living in a small house is the ability to significantly reduce your carbon footprint and help the environment. Tiny homes are extremely efficient and use much less energy to heat and cool. From the construction of the house to live in it, with its low energy consumption, you’ll be able to save money on electricity bills.
Another benefit is its low maintenance. Tiny home living allows you to experience this minimalist lifestyle for the simple reason that you’ll no longer have space for all the things you’ve hoard over the years. After a long day of work, a working adult most probably won’t have the time or energy to clean up an entire 900sqft apartment on a regular basis. So, if you’re living in a tiny house, cleaning and maintaining the house won’t take too long.
Whether you’re renting or living in your own tiny home, spend some time to understand and get accustomed to the small space that you have. As interesting and tempting as it may sound to you now; to move out of your family home and living in your own tiny bubble, tiny home living isn’t for everyone. But with less room, space, and things to do inside your tiny home, it encourages you to do more outside. Whether it’s being more active outdoors or pursuing hobbies, small home living encourages you to get out and focus more on your lifestyle, instead of being cooped up in your room playing video games.
If you’ve built your tiny house and are not quite ready to move in full-time just yet, you can turn it into a home office or renting it out for extra income. Be sure to do your homework on land restrictions and get to know the community before you invest in a tiny home. Tiny homes may be small, but with a little bit of creativity and effort to widen your living space, it’ll feel just as much of a house as anywhere else!
The views and opinions expressed in this article are those of the authors and not intended to malign any company, individual or necessarily reflect the official policy or position of any agency or organization. Focal Times is a subsidiary of Maxworld Consulting Sdn Bhd, a regional organization founded by a mixture of agile and experienced corporate finance, venture capital and industrial experts. This establishment focuses on sharing current banking affairs, latest property developments and updates and more.