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10 Big Questions About Tiny Houses


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What's the Resale Market Like?
Visitors check out a tiny house interior at the Maker Faire. Jon Callas Used Under Creative Commons CC By 2.0 License
Visitors check out a tiny house interior at the Maker Faire. Jon Callas Used Under Creative Commons CC By 2.0 License

When it comes to teeny houses, the resale potential is not very good. One major reason for this is simple: Only a tiny slice of Americans are interested in living in a tiny home. If there isn't a huge supply of buyers, there won't be a lot of demand, and prices will stay flat. Resales are also affected because many banks don't consider tiny homes real homes, and so won't offer a mortgage for their purchase. While most tiny-home owners pay for their homes in cash, a fair number do need help with financing. Even when banks do consider tiny homes true homes, they may not be willing to go through the effort to draft a mortgage if your loan is small — say, $30,000 — because they wouldn't make enough of a profit by doing so [source: Rafter].

But the news isn't all dire. Tiny homes can be sold. As with selling any home, though, there's some strategy involved. Small-home buyers are looking to downsize, yes. But they still want a home that feels roomy, and incorporates space-saving features. So if your place is on the market, make sure to showcase your storage space. If you don't have that much, you can add to it with easy-to-install space savers such as hanging pot racks. It also helps to create an inviting outdoor living space, which actually helps the inside look larger, too. And since many tiny-home buyers are interested in energy efficiency, make sure your home has those features, or add some before putting it up for sale [source: Colley].


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