"If more of us valued food and cheer and song above hoarded gold, it would be a merrier world." - J.R.R. Tolkien
logo

Go Back   Saving Advice > Financial Chit Chat > General Discussion

General Discussion Please read our Forum Rules before posting
Feel free to talk about anything and everything about money.

Reply
 
LinkBack Thread Tools
  #61 (permalink)  
Old 11-13-2006, 08:54 PM
shelbylovesmelby's Avatar
shelbylovesmelby shelbylovesmelby is offline
$ Saving College Senior
 
Join Date: Dec 2005
Location: Wisconsin
Posts: 1,824
Points: 40735.90
Donate
Default Re: Living in a smaller house

Our house is already tiny 1008 sq ft & no garage (it was dilapidated, tore it down 2 yrs ago). Our il's went to a smaller house in the "big city" of a whole 600 ft, they like it cause they are minimalists & think having more than 5 of anything (pairs of socks, tops ect) is too much, than again where would they put it *LOL*
Reply With Quote
  #62 (permalink)  
Old 11-14-2006, 06:44 AM
MoneyHoney's Avatar
MoneyHoney MoneyHoney is offline
$ Saving Fifth Grader
 
Join Date: Jun 2006
Posts: 43
Points: 718.20
Donate
Default Re: Living in a smaller house

One more item for the "Less is More" category -http://realestate.msn.com/buying/Article2.aspx?cp-documentid=1238491&GT1=8800

Another in a series on small houses prepared by the MSN real estate section, this article highlights designers/builders including the Tumbleweed Tiny Houses Co. (mentioned by several bloggers in this forum).

Small is not for everyone. But there's a growing demand for small, affordable, quality houses. For those of us searching for that kind of home, this mini-trend is welcome indeed!
Reply With Quote
  #63 (permalink)  
Old 11-14-2006, 06:49 AM
MoneyHoney's Avatar
MoneyHoney MoneyHoney is offline
$ Saving Fifth Grader
 
Join Date: Jun 2006
Posts: 43
Points: 718.20
Donate
Default Re: Living in a smaller house

Try this link. (I goofed it up in the preceding post. Sorry. )

http://realestate.msn.com/buying/Art...38491&GT1=8800
Reply With Quote
  #64 (permalink)  
Old 11-14-2006, 09:33 AM
PRICEPLUS's Avatar
PRICEPLUS PRICEPLUS is offline
$ Saving College Senior
 
Join Date: Nov 2004
Location: New York State of Mind
Posts: 1,887
Last Blog Entry: Low Inflation? Really?
Points: 201266.98
Donate
Default Re: Living in a smaller house

Great article! It really talks about some of the downside of the micro homes.
Reply With Quote
  #65 (permalink)  
Old 11-14-2006, 10:03 AM
Broken Arrow Broken Arrow is offline
Foot in mouth diseased
 
Join Date: May 2006
Posts: 4,657
Last Blog Entry: CR-48
Points: 25090.40
Donate
Default Re: Living in a smaller house

Quote:
Originally Posted by MoneyHoney
A superb article! Thank you very much for sharing!

Also, it clearly articulates the many disadvantages of a small house. However, it does amount to personal preferences, doesn't it? For example, I am not a packrat (quite the opposite), I don't throw parties, and putting a small house on a relatively large lot makes sense to me in that, besides intimacy and privacy, it could also "afford" me a nice outdoor living space. Oh yes!

Also, I don't foresee financing being a problem if only because the relatively low cost should allow me to save up for most if not all of it. No mortgage for me!

Finally, with proper planning, resale value of the lot shouldn't be too much of a problem. In a sense, it's sort of like doing things backwards, where you're building a mother-in-law type suite first before the house, rather than the other way around. If it needs to be re-sold, it would be an empty lot where a small family can stay in that suite while their main house would be built.

At least, that's how I see it anyway. While I would not mind a "normal" house, I definitely fit the profile of someone who would enjoy a tiny house.
Reply With Quote
  #66 (permalink)  
Old 11-14-2006, 10:27 AM
tinapbeana's Avatar
tinapbeana tinapbeana is offline
$ Saving College Senior
 
Join Date: Oct 2006
Location: Upstate SC
Posts: 1,496
Last Blog Entry: My Life is Officially Surreal
Points: 12666.33
Donate
Default Re: Living in a smaller house

Quote:
Originally Posted by Broken Arrow
At least, that's how I see it anyway. While I would not mind a "normal" house, I definitely fit the profile of someone who would enjoy a tiny house.
*note to self: BA is a hobbitt.... *
Reply With Quote
  #67 (permalink)  
Old 11-14-2006, 10:35 AM
Broken Arrow Broken Arrow is offline
Foot in mouth diseased
 
Join Date: May 2006
Posts: 4,657
Last Blog Entry: CR-48
Points: 25090.40
Donate
Default Re: Living in a smaller house

As a matter of fact, I DO like the shire.
Reply With Quote
  #68 (permalink)  
Old 11-14-2006, 01:21 PM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving Post Graduate
 
Join Date: Sep 2006
Location: Northern California
Posts: 3,008
Last Blog Entry: A Frugal Day
Points: 15347.40
Donate
Default Re: Living in a smaller house

Quote:
Originally Posted by PRICEPLUS
Maybe another answer is to buy a condo or coop when in search of a smaller living space and skip the small house altogether!
I think that is the thing living in a pricey area, you have to pay at least $300k for the land anyway, but a condo you do not pay for as much of the land and is a much more affordable option. A better investment overall. It so depends on the area. I really enjoyed condo living personally and wouldn't be surprised if we go back to that when we retire.

BUT I was wondering if the point of the original post was more these 400 sf homes - super small. I wasn't sure if 1300 sf could really be considered "small." Interesting article...
Reply With Quote
  #69 (permalink)  
Old 11-14-2006, 11:27 PM
PRICEPLUS's Avatar
PRICEPLUS PRICEPLUS is offline
$ Saving College Senior
 
Join Date: Nov 2004
Location: New York State of Mind
Posts: 1,887
Last Blog Entry: Low Inflation? Really?
Points: 201266.98
Donate
Default Re: Living in a smaller house

1300 is pretty small as homes go. The micro homes are a different game altogether!
Reply With Quote
  #70 (permalink)  
Old 11-15-2006, 08:14 AM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving Post Graduate
 
Join Date: Sep 2006
Location: Northern California
Posts: 3,008
Last Blog Entry: A Frugal Day
Points: 15347.40
Donate
Default Re: Living in a smaller house

There are a lot of homes around here in the 900 foot range actually. IT is so expensive I Would consider 1300 average.

Newly built houses are another story, but I hardly know anyone who lives in a house bigger than 1300 sf.

It is all relative!
Reply With Quote
  #71 (permalink)  
Old 11-15-2006, 10:53 AM
Gruntina Gruntina is offline
$ Saving College Freshman
 
Join Date: Oct 2005
Location: Bay Area
Posts: 693
Last Blog Entry: Farewell Gruntina!
Points: 5749.50
Donate
Default Re: Living in a smaller house

I know apartments and condo can be average 1300 or less. I think 1300 is small for a house. I think Ironic new houses are built so large when today's people are out of the homes more due to working compared to a couple generation ago.
Reply With Quote
  #72 (permalink)  
Old 11-15-2006, 11:22 AM
Joan.of.the.Arch Joan.of.the.Arch is offline
$ Saving Post Graduate
 
Join Date: Apr 2006
Posts: 2,814
Last Blog Entry: Using up the buffalo
Points: 24175.20
Donate
Default Re: Living in a smaller house

When I see the newer gargantuan suburban homes, I mentally start dividing up the house into units the size of my own. Then I think, "Hmm...that house is six of my houses." Or, "Hmm...four and a half of my houses would fit into that one." Often it is, "Wow! Their garage is bigger than my whole house." And I start imagining that the big house could really be like an Italian Villa in which four or five families live, each with their own apartment. Even the roof lines are deliberately manipulated to look like a small village, or a villa that has been added onto many times over the generations. One house that aspires to look like many clumped together.

It is sort of like trying to imagine the federal deficit. My mind just can't fathom such hugeness, so I divide it up into units that I do understand.

But $50,000 for one of those Tumbleweed type homes? They remind me of KAO "Kamping Kabins." Why not just go down to Home Depot and buy a $2000 shed and outift it with plumbing & electricity?
Reply With Quote
  #73 (permalink)  
Old 11-15-2006, 11:31 AM
Gruntina Gruntina is offline
$ Saving College Freshman
 
Join Date: Oct 2005
Location: Bay Area
Posts: 693
Last Blog Entry: Farewell Gruntina!
Points: 5749.50
Donate
Default Re: Living in a smaller house

Bigger homes are probably going to be needed in the future. Every year I see more and more young adult still living with their parents to make ends meet. In my time in MT, most of us were ready to move out of the home at age 17 or 18 if not sooner. Now, I see some people just have to live at home in the Bay Area because cost of living is so high. So maybe the bigger homes will cater to extended families or families living together longer?

This is just what I see in my area but I have no idea how it goes in other places. It seems some of the bigger homes are more often owned by diversity culture where it’s normal to live with your family in other countries. They still do that when they come here. Also I think a lot of us are not feeling confidence with the healthcare, cost and nursery home that we need a place that the aging parent can move in. I sort of see it as our society culture evolving.
Reply With Quote
  #74 (permalink)  
Old 11-15-2006, 11:33 AM
Broken Arrow Broken Arrow is offline
Foot in mouth diseased
 
Join Date: May 2006
Posts: 4,657
Last Blog Entry: CR-48
Points: 25090.40
Donate
Default Re: Living in a smaller house

Quote:
Originally Posted by Joan.of.the.Arch
But $50,000 for one of those Tumbleweed type homes? They remind me of KAO "Kamping Kabins." Why not just go down to Home Depot and buy a $2000 shed and outift it with plumbing & electricity?
Heh heh. I'm checked out that already. There is a reputable builder here that specializes in sheds and small cabins. The structure itself isn't the biggest obstacle it seems. Most of the money would be sunk into plumbing and electricity, because they all have to pass city ordinance (and to pour a foundation and install a septic tank). And when you contract that type of work out, it still roughly comes out to about 50k (well, maybe less).

That's why I'm trying to schmooze up to Ima and her house building hubby.
Reply With Quote
  #75 (permalink)  
Old 11-15-2006, 12:03 PM
PRICEPLUS's Avatar
PRICEPLUS PRICEPLUS is offline
$ Saving College Senior
 
Join Date: Nov 2004
Location: New York State of Mind
Posts: 1,887
Last Blog Entry: Low Inflation? Really?
Points: 201266.98
Donate
Default Re: Living in a smaller house

The other issue is that some areas have zoning restrictions that will not allow you to build something under a certain amount of square footage. My buddy has 25 acres in a fairly rural area and the town will not let him build under 800 sq. feet.
Reply With Quote
  #76 (permalink)  
Old 11-15-2006, 02:19 PM
JanH JanH is offline
$ Saving College Sophomore
 
Join Date: Sep 2006
Posts: 760
Last Blog Entry: March Report...
Points: 7343.80
Donate
Default Re: Living in a smaller house

I lived in a teeny, tiny little house while in college. It belonged to my grandparents and I paid them rent. I wish I knew the square footage. I had living room smaller than my little bathroom now--only enough room for a tiny tv and a portion of a sectional couch, a little kitchen, a larger bedroom, a small "dressing" room (picture large closet) and a tiny bathroom. Oh, and a glassed in little, bitty, cute porch. It was perfect for a college kid and inexpensive. I loved the tin roof. The squirrels used to play acorn hockey for hours on it. I guess it wasn't too much bigger than a larger travel trailer is now.
Reply With Quote
  #77 (permalink)  
Old 11-15-2006, 02:49 PM
fairy74's Avatar
fairy74 fairy74 is offline
$ Saving College Freshman
 
Join Date: Sep 2006
Location: Lompoc, CA
Posts: 618
Last Blog Entry: Have not been on in forever
Points: 3476.80
Donate
Default Re: Living in a smaller house

DH, I and two puppies live in an 800 square foot condo (1 bed/1 bath) with a medium sized semi-enclosed patio/garden, it is plenty of room. Cozy but not confining. Really it is all about layout and how decluttered you can make things. Also multi-functional furniture makes a big difference. I agree that a lot of housing here is "ego housing".
Reply With Quote
  #78 (permalink)  
Old 11-15-2006, 03:39 PM
Ima saver's Avatar
Ima saver Ima saver is offline
$ Saving College Dept. Head
 
Join Date: Dec 2005
Location: North Georgia
Posts: 8,047
Last Blog Entry: heating surprise!
Points: 96154.40
Donate
Default Re: Living in a smaller house

If I was young and starting all over again, I would not have collected so many "things" Now I feel like we have to live in a big house to I can have room for all the "things" I have.
Reply With Quote
  #79 (permalink)  
Old 11-15-2006, 04:00 PM
Ima saver's Avatar
Ima saver Ima saver is offline
$ Saving College Dept. Head
 
Join Date: Dec 2005
Location: North Georgia
Posts: 8,047
Last Blog Entry: heating surprise!
Points: 96154.40
Donate
Default Re: Living in a smaller house

I just went back and read this whole thread. There is a lot of talk about people that live in a big house.
I live in 3200 sq. ft. plus 2 car garage. I have another detached 2 card garage with bath and eff. apt.
My husband built the house and it is of very good quality. we have 22 foot ceilings in the living room, dining room, foyer and master bath. we have treyed ceilings. My husband worked night and day on this house for over a year and a half(while building other houses.
I have beautiful, huge anderson windows overlooking the 450 feet of creek we live on. The house is on 2 acres, so no one is close. I have the prettiest bath room I have ever seen, with jetted tub, 22 foot double trey ceiling and chandlier! Burgandy and white are my colors. I am very proud of my house.

What I am proudest of, is that my husband did all the work in this house completely by himself, including, plumbing, electrical, all paint and trim, all cabinets , hardwood floor and he layed all the tile.

Best of all, we built it with cash out of our pocket for about $200,000. There is nothing wrong with owning a big house you can afford!
Reply With Quote
  #80 (permalink)  
Old 11-15-2006, 04:06 PM
PRICEPLUS's Avatar
PRICEPLUS PRICEPLUS is offline
$ Saving College Senior
 
Join Date: Nov 2004
Location: New York State of Mind
Posts: 1,887
Last Blog Entry: Low Inflation? Really?
Points: 201266.98
Donate
Default Re: Living in a smaller house

Julie, there is nothing worng with owning a large house if you so desire. It is just personal choices we make for whatever reasons we make them! It is all personal choices. Your choices are as good and valid as anyone elses!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pay Off Smaller Debts First jeffrey Credit and Debt 30 09-12-2009 09:17 AM
Ditch Your House - Simpler Living jeffrey Home & Mortgage 3 08-20-2006 07:45 PM
living cheap mom-from-missouri Frugal Questions and Answers 15 07-15-2006 12:33 AM
What do you do for a living? tgavin71 General Discussion 45 05-14-2006 04:00 PM
Could you live in a smaller home? Ima saver Frugal Questions and Answers 22 04-16-2006 08:40 PM



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.