Living in a Tiny Home: Benefits & Drawbacks

PHOTO: The benefits and drawbacks of living in a tiny home.

Imagine walking in the door to your home and, with a single glance, being able to see your entire living space. Before you is the bedroom, the kitchenette, the bathroom, and a small living room. Every item has a specific purpose and place, and you own nothing that you don't use, need or want. And cleaning your home from top to bottom takes less than an hour.

Spending time in your home means living closely with your spouse or partner. Instead of watching TV or reading in separate rooms, you do these activities together. Your energy bills are minimal because there's less space to heat and cool, and you waste less food because you don't have a large fridge or pantry where it can get lost. As a result, you save a significant amount of money each month.

In Photos: Tiny Homes

When you look at it this way, living in a home that's less than 500 square feet sounds simple, frugal, and blissfully stress-free. Living in a tiny home does have compelling benefits, but it is not without its challenges as well.

Benefits of Tiny Homes

There are plenty of good reasons why some people choose to live in a home that's less than 250 to 500 square feet. These homes consist of only a few rooms--usually a kitchen, living area, and bedroom. Other tiny homes are completely open, like a studio.

If you live in New York City, it's almost a necessity to have a space this small. But others are choosing this lifestyle willingly because of the many benefits it offers:

1. Less Clutter. When you have a tiny home, filling it full of "stuff" is not an option, at least not if you actually want space to move around in. When your home is small, you have to make some hard choices about what to keep, and what to get rid of. This means you can't go out and buy frivolous items whenever you're feeling bored or blue.

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