Tuesday, November 25, 2014

Tiny Houses.

We have all heard about "tiny houses." This is basically another step to becoming debt-free. Instead of buying a large home, people are resorting to buying or building "tiny houses" out of shipping containers, sheds, and other plans. Some tiny houses are portable. Others are more permanent.

I first learned of tiny houses back in college. I actually rented one on a horse farm for a "whopping" $400/month. It wasn't much, but it was just me and my dog. I couldn't begin to guess the dimensions of the tiny house. It was basically a log-sided shed. On one end was a door and a small window, and on the other end were two French doors. Immediately when you walked in the house to the right was a shower stall. To the left was a small fridge, countertop and cabinets underneath, sink, countertop, and a smaller stove/oven combo that was large enough for regular cooking. There was a window over the sink. Following the "kitchen area" was a tall dresser and television and another shorter dresser.

On the right side, after the shower stall, was a small wall. Immediately around the corner was a very narrow doorway and a toilet. After the toilet on the outside was a loveseat and a coffee table. In the back right corner, at an angle, was a queen-sized bed. It was the perfect size for a single person or a couple.

Outside, there was a garden area and a deck on the one side of the "house." I have no idea what the cost to build it out was, but I would venture to guess somewhere around $20,000 all-in.

Here is a picture of it:



Photo property of AmishMadeCabins.com - Boone Deluxe
Permission for use granted by J. White
When we started thinking about becoming debt-free and what to do in two years (when our lease runs out,) we couldn't decide between renting or buying. One thing we know is that we don't want to live in our area permanently. We actually plan on relocating out west to areas we are familiar with and more to our style. That's not the right word, but you get the idea.

That's when I came across this company: Amish Made Cabins. They have a wide variety of cabin plans and kits and more. They're located in Kentucky so it isn't too entirely far from us here in Georgia. As my husband and I aren't going to be having children, I saw this cabin plan: Boone Deluxe. As you can see from the page (go ahead, look. I'll wait,) the cabin is just big enough for two people and an occasional guest. The Deluxe cabin packages come with more options already installed including the following:

Insulation Package
200 amp Electric Package
Bedroom
Bathroom Fixtures
Cosmetic Dormers
Loft with Ladder
Kitchen Cabinets and Sink
6 Roger Windows
2 Entry Doors
Shutters
Natural Kote Stain
40 yr Metal Roof
Delivery within 200 miles of Shepherdsville, KY



Now I do realize I could just as easily build this cabin, but for all of the above (see the picture again of the Boone deluxe,) it is $28,000 to just over $39,000. As the person buying this cabin, you are responsible for buying the land and having everything set up for it (site prep, what sewer system/septic you plan on having, water, electricity, permits, if needed, etc.) Now for us, we are just shy of 400 miles away from Shepherdsville, I don't know what the transportation fee would then be, but let's look at what you get for $28,000 to $39,000, depending on what size you choose.

Our goal will now be to become debt free, be able to purchase land, and purchase a Boone Deluxe when the time comes. All in all, depending on the exact area we plan on living, we should be able to get 3-5 acres of land where we want for $24,000 - $40,000. All in, we're looking at around $80,000 all-in for a new cabin on 5 acres of land.

When I look at 5 acre mini farms in our area now, you're looking at around $200,000 or more for the same thing....but usually an older house. I realize this is a "tiny house," but it is just the right size for us.

At an $80,000 investment and some time and money to create garden and livestock space, the turn-around profit on the mini-farm once we move could be 25-40%.

I highly recommend looking at tiny houses and such. As they become more popular, the prices stay reasonable, and the options are even better. 

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