A 56-year-old freelance travel writer, facing unaffordable rent, built her own tiny house on wheels during the COVID-19 pandemic, which became her first owned home, providing her with security, freedom, and a simplified lifestyle.
Amazon is offering a range of affordable tiny homes, including a two-story model with a sunroom and rooftop terrace for under $50,000. These homes, which can be customized and are easy to assemble, provide a budget-friendly option for those looking to own a home amidst rising housing costs. Options include various designs and sizes, such as a $9,550 single-story villa and a $45,000 cabin with balconies, catering to different needs and preferences.
Veerle Veldhuis, a 24-year-old from the Netherlands, decided to buy and renovate a tiny home in her parents' backyard after struggling with her mental health and leaving university. She purchased a secondhand tiny home for 1,800.40 euros and renovated it with the help of her parents and friends. Although the renovation ended up costing more than expected, Veldhuis now enjoys having her own space and not having to worry about paying rent. She plans on moving closer to her university with her tiny house in the future.
A 24-year-old woman saved money to buy a $250,000 house by living in a tiny home her parents built for her in their backyard. Over five years, she saved on rent and food expenses, estimating potential savings of up to $72,000. With her parents' help, she purchased her own house, putting down 3% and securing a mortgage. The trend of young adults living with their parents to save money has increased, and arrangements like hers, known as accessory dwelling units (ADUs), are becoming more common. She credits her parents' support and plans to live in a family compound in the future.