To start this crazy awesome journey of ours, we create a budget. Once we created a budget, we realized we were spending a TON of money on our 1,500 sqft home, so we decided to eliminate our mortgage and the wasted space of our huge house by selling our house.
Downsizing to a small, one-bedroom manufactured home was the right move for us. Downsizing might be right for you, too. Here’s everything that happened in the course of downsizing to our “tiny” house.
- Small house construction update, part 4, the final frontier
- Small house construction update, part 3
- Small house construction update, part 2
- Small house construction update, part 1
August 2015, electric panel installed
July 2015, footers are in, driveway is dug out
July 2015, the vacant lot / site prep continues
Life Without a Mortgage
Today, we own our home mortgage free. Here’s what we spent on our 536 sq ft house.
Parking pad: $3,000
Site prep: $13,850
Special water meter: $1,012
Picket fence: $297
Tree removal permit+tree removal+stump grinding+new tree: $245
Land+taxes+title company fee: $4,300
“Tiny” House Living
We’ve been living in our 500 sqft house since September 2015 and life couldn’t be better. Seriously, we love our downsized living space. Less maintenance. Less money!
Real Talk of Tiny Living, Part 1: Clutter
Real Talk of Tiny Living, Part 2: Time
Real Talk of Tiny Living, Part 3: Diet
Real Talk of Tiny Living, Part 4: Routine
Real Talk of Tiny Living, Part 5: Noises
Real Talk of Tiny Living, Part 6: Smells
Real Talk of Tiny Living, Part 7: Misconception
|P.S. If you want to downsize to a smaller house or a "tiny" house without taking out a loan or a mortgage, consider Unison. With Unison, you can take equity out of your current home and use that money to downsize to another house so that you don't have to take on a loan or another mortgage. No monthly payments. When you sell your current home, you pay Unison back. See if you qualify for Unison or read my Unison review. Thanks for using our affiliate links to support our blog!|