The Top 5 Benefits of Living Small
The desirability of small homes is a current trend in the housing market. Though we may think of this as a new development in lifestyle it is actually the opposite. Most homes built between 1950 to 1970 averaged from 950sf to 1500 sf. From that point on things continued to expand and by 2010 the average home was recorded to be around 2,300sf despite the net decrease in the size of an average family.
After the 2008 Realestate bubble burst people were looking for ways to live more affordably causing the spontaneous thought that maybe a big house wasn't as desirable as previously thought. Now there are homes springing up all over the country ranging in size anywhere from a 1000sf houses to as little as 100sf cottages built on a trailer foundation. Companies like Tumbleweed who design these homes are on the forefront of this housing trend. Read more here.
The following are (in our opinion) the top five reasons to go small:
1. More Freedom / Less Risk
Living in a small house brings with it a lot of freedom spanning the spectrum of concern from financial to emotional stress. With a smaller home you are able to build or buy for much less than a larger house. This is due to the cost per square foot. In Southern California the industry average for building a new home is $185 / SF. At that rate you could have a comfortable 1,000sf home for $185,000 (excluding land cost) or a grand house of 3,000sf for $555,000. Living in a smaller home gives you the ability to pay off your mortgage quickly. Or with lower monthly payments you could have more money each month to do the things you want do. This converts over to less risk, less money over all that you owe someone else at the end of the day.
2. Time Savers
Smaller space means faster to clean. Less time washing windows, vacuuming, painting, decorating and more time to do what you love. It also discourages the accumulation of unnecessary clutter. Also, a smaller home can be built much faster and be ready to occupy in a shorter amount of time.
3. Simpler Lifestyle
A small house will provide you with a kitchen, a living area, and a sleeping area. The essentials for home life will all be present to whatever degree you design them to. We suggest living with what makes you comfortable but not to attempt to make your house a trophy to impress your boss or your rich friends. Who needs 14ft ceilings any ways? Last we checked people were on average only 5 feet 7 inches tall. The implementation of modest practical design will surly reduce social stress and avoid the “keeping up with the Jones’” Mentality.
4. Easy to Upgrade
A Smaller space costs less to upgrade, less paint to buy, less effort to put it on the walls, and less trouble to do it all over again if your spouse ends up hating the color once its on there. You will be able to splurge on higher quality products because of the net reduction in quantity as well. Granite counter tops, imported Italian limestone, and hardwood floors all get pricy as the square footage goes up.
5. Less “Stuff”
Less space = less stuff. Nowhere to put junk in this house! Keep what you like/want/need get rid of everything else. Boils down to the phrase “when in doubt toss it out” no place for clutter here. In a small home it is important to utilize every inch to its maximum potential.
Living Small has it’s practical advantages. Living simply, free from debt, in a quality space where you can enjoy the family and friends around you. Learn from the previous generation, don't buy into the mentality that you need a huge house and lots of things to be happy. Know what you need to be comfortable and enjoy the experiences life has to offer. Instead of stressing over a 30 year mortgage, 3 car payment, an RV, and your speed boat Choose the simpler life stress free and happy.
Thanks for reading!