Many seniors opt to downsize in retirement. A small space can be much easier to maintain, cost less and better fit the lifestyle of active retirees. Tiny homes are becoming trendier and trendier among seniors. They are an affordable and efficient option to senior living and many seniors are attracted to the price as well as the flexibility. You can live on a small plot of land or in a family member’s back yard. Tiny homes are among the best downsizing options for seniors looking for a simple, uncluttered life.
Homes for seniors should offer ample storage space without going overboard. Most seniors do not require huge attics, multiple walk-in closets or fully finished basements. Stairs can be a hazard for falls, so keeping commonly used living areas on one level is a smart choice for retirees. Often coming in at less than 300-square-feet, tiny houses offer single story options and make smart use of storage space, without overdoing it.
Tiny House For Seniors
Tiny houses employ an open or semi-open design. Coupled with the smaller square footage, heating and cooling the space costs less then controlling the temperature in a larger home. This comes as a welcome bonus to seniors living on a fixed retirement income.
For retirees craving the open road, these miniature houses can be certified as RVs, making them suitable for camping anywhere RVs are allowed. This option may be preferable to traveling in a traditional RV because it allows freedom to explore while providing the sense of being home.
Seniors interested in traveling with their little house should purchase from a certified RVIA builder. Doing so ensures the structure will accommodate uses as both a home and a recreational vehicle. You can always speak to a contractor if you need more information regarding this topic.
Average Cost of Tiny Houses
To build one of these little homes yourself, typical costs may total around $23,000. Hiring a builder or purchasing a ready-made model with minor customizations may cost around $60,000. With the average 2017 home price in the United States at approximately $385,000, it’s easy to see how lower square footage presents seniors with an option for financial freedom. Most seniors live on a budget during their retirement so a tiny home could be a great, money-saving option.
Perhaps the biggest payoff of downsizing for seniors is reduction in worry and stress. Sleepless nights spent deciding between paying for needed medications or paying a large mortgage payment can take a toll on the well-being of a retiree. The lower cost of smaller homes makes it easier to live mortgage-free, greatly reducing money worries. In addition to the financial strain, a smaller home requires less cleaning and maintenance. This means you can spend less time cleaning and organizing and spend more time doing the things you love.
Maintaining Your Home
Some seniors may worry about not being able to keep up with the maintenance of a traditional home, fearing the loss of their independence. Less space means less upkeep, allowing seniors to stay in their homes longer, and giving them a greater sense of independence in retirement.
Tiny homes are an excellent, affordable solution for seniors who are looking to downsize during their retirement.