HGTV reveals has actually promoted little land – generally speaking the individuals smaller compared to 400 sq ft – for the an enormous method. Many people are interested in so it solution way to homeownership because the a means to cut just before investing in a more pricey portion out-of assets.
But not, getting a small residence is distinctive from the common homebuying process in a variety of ways (e.grams., you’re unlikely to find a representative that will tell you you 12 solutions). The process can be advanced logistically and you can economically, so it’s crucial that you know very well what you’re signing up for.
Annie Colpitts, a 30-year-old selling coordinator, have invested more than a-year into the a keen 8 step 1/2-by-20-ft home one to she tailored and you will assisted make. She lifetime 20 minutes northern off Richmond, Virginia, and you can parks our home towards a tiny piece of personal property one she rents getting $350 a month. Colpitts leftover a spacious the downtown area flat – and paused intends to get a normal household – in order to embrace the fresh new way of living.
Here, Colpitts shares as to the reasons she picked a small family, just how she financed it and you can exactly what she would have done in another way. (Which transcript try carefully edited to own clarity and you will length.)