The demand for tiny homes is on the rise across the nation as more and more people, especially millennials, are opting out of the traditional and increasingly out-of-reach American Dream of owning a large home and lot. Tiny homes offer an affordable solution to home ownership, and with the potential to live debt-free that they represent, it’s no wonder Tiny Homes are gaining so much popularity!
So, Just How Tiny Is a Tiny Home?
A tiny home typically measures between 100 and 400 square feet — yes, they’re that tiny — but what they lack in size they make up for in many other ways. Having a house this small means that you have to maximize the space that you do have, which means you’ll require less furniture and other items to fill up each room… which means even more money saved! As you can imagine, the cost to provide electricity and heat for a 400 square foot home would also be substantially less than for a typical house. Many prefab models also come with the option to use solar or wind power instead, benefitting both the environment and your wallet.
Detroit Tiny Home Community to Assist Low Income Citizens
Detroit was the largest city in the United States to file for bankruptcy in 2013. Since then, efforts have been underway to rebuild the metro area. Non-profit organization Cass Community Social Services has taken on a major project to help lower income citizens of Detroit, buying 25 vacant lots from the city for $15,000, on each of which they plan to build a tiny home. They intend to spend between $40,000-$50,000 on the project, and will enlist the help of a volunteer workforce to build the homes.
Each home will measure between 250–400 square feet, and, judging on the ones they’ve already built, will feel surprisingly spacious. Hundreds of low-income earners have already applied to live in the seven tiny homes that are completed.
Have a look!
What Else This Project Offers
According to Jeffrey Brown of PBS Newshour, residents will rent to own: “They’ll pay a dollar per square foot in rent. They’re also required to take monthly financial literacy classes and volunteer for the neighborhood watch. After seven years, they’ll own their homes.”
This project aims to make homeownership more accessible. Executive director of Cass Community said to Brown, “We were really looking for a way to give them a ladder. I mean, they’ve got to climb it, they’ve got to do the work, but we’re providing the ladder.”
Hopefully this is a trend that continues to spread! We have already seen success with providing housing to many homeless citizens across America. What do you think of this option? Let us know!
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