The Money Mustache Community
Around the Internet => Mustachianism Around the Web => Topic started by: Gerard on January 14, 2018, 01:26:37 PM
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http://www.cbc.ca/news/canada/newfoundland-labrador/tiny-home-subdivision-stephenville-1.4480928
I'm not sure how terribly mustachian this is, given that you could probably buy an existing full-sized home in that part of the world for the same amount of money, but good on them for being open to it.
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Question: if your tiny home is permanent, and on a tiny lot, what's the advantage over a townhome/condo/apartment?
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Nevermind, I must have been thinking of a different development.
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Question: if your tiny home is permanent, and on a tiny lot, what's the advantage over a townhome/condo/apartment?
For me? Absolutely nothing. For people who don't like their home touching other people's homes (or their broccoli touching their mashed potatoes), better small than big, I guess.
Many middle-class Newfoundlanders see apartments (and public transit) as something poor folks have to settle for, so a tiny home might also have better resale value.
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Question: if your tiny home is permanent, and on a tiny lot, what's the advantage over a townhome/condo/apartment?
It comes with your own land for gardening or other uses (condo doesn't)
You have full control over pet ownership (no bylaws - apartment/townhouse/condo)
Fixed mortgage vs. rent increases
Low operating costs make it cheaper to live then larger houses - some costs are proportional to size like roofing.
Some people also like the ownership vs. renting aspect. What would an apartment of similar size rent for? How much would the mortgage plus expenses on a small house be?
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Question: if your tiny home is permanent, and on a tiny lot, what's the advantage over a townhome/condo/apartment?
No one living above you, below you, or sharing a wall (so you don't notice if anyone's headboard is banging). Those are my guesses as I have never lived in anything but a house, and don't want to try it.
However, I prefer my eventual small (not tiny) house on 8.8 forested acres, because who wants to even look at another house?
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Interesting how the emphasis is still on how 'tiny' these homes are. Minimum size would be 387 square feet, which is bigger than what a good chunk of humanity lives in, and about the size of a 1 bedroom apartment in many major cities. They certainly stand out compared to what's found elsewhere in Newfoundland, but hardly what I'd consider tiny.
Question: if your tiny home is permanent, and on a tiny lot, what's the advantage over a townhome/condo/apartment?
For me, personally - acoustic and olfactory privacy, outdoor space, no condo-fees (which make up ~1/4 of my total mortgage payment), windows on all four walls, more freedom to make changes to interior/exterior (no need to consult condo/apartment owners), piece of mind that your neighbor's illegal drug habit, shady friends and hot-plate dinners won't burn down your home
Design/square footage/cost being similar I'd take a stand-alone home over an apartment/condo, though there are big advantages there too (sharing of: heat/insulation, major structural repairs, insurance etc).