Financing a tiny house
The “tiny house movement” is one of the hottest retirement living trends and one answer for people seeking a low-cost living alternative.
Tiny houses are carefully designed dwellings that average about 400 square feet, although some are as small as 100 square feet. A few people who live in homes as big as 1,000 square feet claim that they joined the movement. For a good idea of what it is all about, check out HGTV’s Tiny House Builders, a series that started early this year and runs occasionally.
Financing a small challenge
One of the first challenges that extreme-downsizer wannabes encounter is financing their tiny dwellings. The average price of a tiny home is $23,000, according to Todd Nelson, business development officer at LightStream, a division of SunTrust Bank that offers unsecured loans and is doing an increasingly large business in small homes. Continue reading here.