You may have planned out how you’re going to cut your expenses, earn a little extra, and work towards being a financial rockstar this year. Maybe you even considered moving to a smaller house? It’s a great idea. And it seems like all the cool kids are doing it. By doing so, you can drastically reduce your housing costs and pay off your home at lightning speed. So, if you’re considering selling your home and downsizing, think outside of the drywall box. If you don’t have a large family and can make do with the bare essentials, there are many options you can choose from. Below are three alternatives to a conventional house that could see you saving thousands every month.
The tiny house movement is gaining traction just as quickly as van life is, but please be aware that tiny houses are typically not very mobile, despite what you may have been told.
Many of them are outfitted with the latest high-tech gadgets. Most are only one story (sometimes with a loft) and have a similar layout to a small apartment.
The upside is that they can be much less expensive than a traditional home, they’re usually eco-friendly, and they’re easy to maintain. There are even tiny house hotels you can stay in to try out the experience for a few weeks, that way you can make sure the lifestyle suits you before taking the tiny leap.
If you’ve always had a love affair with The Adventures of Huckleberry Finn, this may be the solution for you. Houseboats are very cheap when compared to the cost of a traditional home. Granted they’re a little smaller, but if there are only one or two people living in one, there’s plenty of room as long as you thoroughly declutter your life.
With this, you have the option of roaming from place to place on the river or mooring permanently in one location. Depending on your stage of life and where you want to live, you could enjoy your retirement or even work remotely from the comfort of your own houseboat.
Other articles you might enjoy:
- Tiny House Living: 7 Things You Need To Consider Today
- The ORIGINAL Tiny House
- Buying A House? Due Diligence And Gut Instincts Matter
- Resisting Lifestyle Inflation
RV Living/Van Life
This is an increasingly popular alternative, and there are quite a few options to choose from. RV Living and Van Life have become a lifestyle movement over the past few years, and with good reason. It’s awesome to say you travel the country working remotely, or not working at all.
You can even become an overnight Instagram sensation with your gorgeous landscape photos from the comfort of your RV or van. Now that has got to entice more than a few readers!
You could simply buy a large RV and be done. They usually have all the luxuries you might need and are easy to come by. However, they are usually very large and very expensive to own and operate. You also may struggle to find somewhere to park it on a long-term basis due to camping restrictions. In which case, you’re not saving all that much money by living in one.
Another option is to buy a smaller RV or van. Popular choices are Volkswagen campers or conversion vans. If you opt for something a little smaller you could easily retrofit it to your style and live in the lap of (tiny) luxury.
The beauty of customizing a van for yourself is that vans are self-contained and can be parked discretely just about anywhere. Not only would you be saving a ton of money, you would have a unique home and a huge conversation starter for just about anyone you meet along the way.
There are other options for alternative housing, but these three options are pretty unique and worth discussing. With so many people taking the tiny leap, there is a huge amount of support and information on the world wide web to help you decide which choice is best for you. So go ahead, downsize and save.