Small houses are the long-awaited, but little known, solution for those who have grown despairing of crippling mortgages.
They're also a hugely reduced mortgage alternative for a first time home buyer - especially when coupled with first time home buyer programs or grants.
Living Large In Small Spaces + DIY save the day: Dwellings built with the emphasis on simplicity and space-saving, using creative and inexpensive methods and plans, translate to a lower mortgage for you. You can even build a small house with no mortgage at all.
One major area of change in housing is towards the do-it-yourself model and simple living. Plans and resources for Small Homes, Tiny houses, mobile living, prefab homes, temporary dwellings and other small space living arrangements are becoming more accessible to everyone, everywhere.
Micro homes assist you in minimizing the major expense of a mortgage or building a house without a mortgage and allow leftover money to be put to better use.
Cutting back on what is excess or wasted (like space we don't use in our home) and learning more about how better to use our existing resources is simply smart living.
Do your mortgage repayments take a large chunk of your income each month? Is there very little money left after the bank is paid and bills are taken care of? Have you ever considered how financially free you would be if you didn't have such a large and expensive mortgage to maintain?
Living large in small houses could mean you'd finally be able to go part time at work or take that long dreamed about overseas holiday ... if only you weren't forfeiting so much for your home mortgage payments each month.
Whatever new freedom you'd introduce, finding a solution that reduces that large and overwhelming debt can only bring more financial ease and joy to your life.
My name is Kim and I denounce large, cumbersome home mortgages to the point where I've developed quite a passion for small houses, small living and the frugal lifestyle. Being hundreds of thousands of dollars in debt is something I've always wanted to avoid.
While the banks are very helpful in offering mortgages for people with bad credit history, they aren't really doing you a favour.
Bad credit mortgage interest rates are always higher than standard interest rates because of the risk you pose to the bank. Higher risk equals higher interest rates for you to pay. Digging a deeper well for yourself in the long term leaves you beholden to the mortgage and the bank and that has very serious consequences for your financial well-being.
The short version is that steep home prices and high interest rates and mortgages put you and I in a precarious position.
Did you know that there is a great advantage to the cost of living increasing and interest rates going skyward?
The cost of living and interest rates increasing forces you to re-evaluate your financial situation and reduce your living space which then saves you money in other parts of your life too!
A well-planned and well built house, with less living space, can substantially lower, or even eliminate, electricity and gas costs. It can even cut down on your housework and that can only be a good thing, right!
I'm not kidding. Make the change from a standard sized house to a small house and you'll find yourself experiencing a mind shift. Your living habits will change, freeing up money for the more enjoyable things in life, such as:
Micro Houses really speak to me! I've been researching simple living spaces swith growing interest for over 5 years. Along the way I've gathered a tonne of fantastic, detailed information and experience to share.
There is a lot I want to show you - truly, smaller homes are the most effective (and only!) way of drastically reducing your mortgage and repayments. Perhaps you prefer NO mortgage repayments at all? We have a plan for that too!
Discover step-by-step processes that guide you down the path to drastically reducing your mortgage with a smaller home - no matter what type of small, tiny or eco friendly house you fancy.
Now, onto the good stuff - house plans for small homes! With Living In Small Houses, you can explore every type of small house plans.
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