"Living Luxuriously on a Budget: The Rise of Tiny Homes"

1 min read
Source: CNBC
"Living Luxuriously on a Budget: The Rise of Tiny Homes"
Photo: CNBC
TL;DR Summary

Precious Price, a marketing strategist and tiny homes expert, built a 296-square-foot tiny home in her backyard for $35,000 and now lives in it for free by renting out her main house. She advises checking local zoning laws, considering financing options like a home equity line of credit or construction loan, picking a structure like a prefabricated unit, determining design needs, getting multiple construction bids, and securing a return on investment. Price rented out her tiny home for almost two years and grossed almost $32,000, nearly covering the cost of building the home.

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