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The Tricky Thing About Buying a Tiny Home

The Tricky Thing About Buying a Tiny Home

Last Modified December 8, 2016 By Staff Writer

Buying a tiny home sometimes can be very tricky. Tiny house home buyers typically look for homes within the range of 100 to 500 square feet. Some tips for buying a tiny home include getting a home on wheels, finding a mortgage lender that specializes in tiny homes, being mindful of zoning laws, factor in all costs, and consider your time horizon.

Key Takeaways:

  • “Many tiny homes are uniquely built and don’t conform to the mortgage requirements for a traditional house,”
  • Tiny homes are frequently purchased using recreational vehicle (RV) loans, which are unsecured, fixed-rate mortgages that typically have two- to seven-year payoff plans.
  • Some good news: if you’re using an RV loan to build a tiny home, you have a lot of financial freedom in terms of how you choose to spend the money.

“Tiny house hunters are typically looking for homes that range from 100 to 500 square feet.Although the tiny home movement is gaining speed, it’s still a relatively niche market”

http://www.zillow.com/blog/tricky-buying-a-tiny-home-204504/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ZillowBlog+%28Zillow+Blog%29

Related posts:

  1. How Renting Out Your Vacation Home Can Land You in Hot Water
  2. 4 Things to Know About Buying a ‘For Sale by Owner’ Home
  3. What It Really Costs to Live ‘Tiny’
  4. Buying a Home? Don’t Forget To Ask These Questions
  5. Houzz Call: Tell Us About Your Bathroom Remodel! (4 photos)

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