Tiny houses are exactly as they’re described: small homes that are often built on a trailer to be portable. The maximum square footage for tiny living varies by the company or individual, but these small dwellings are typically under 500 to 700 square feet. Tiny homes are often designed to meet function first – whether it's a loft bed or composting toilet – and can cost less than $10,000 and up to $100,000, depending on the size, style and functionality of the space.
Interest in tiny homes gained momentum during the recession that began in 2007, as people sought a simpler, less expensive way to live. And as the U.S. pulled itself out of economic crisis, the desire for simple living didn’t wane. [...]
It’s not just a matter of being able to downsize to a trailer’s worth of belongings. Living in such a small space requires a commitment to simplifying your entire lifestyle. Otherwise, Mitchell says you can find yourself going back to a traditional home all too quickly.
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