I remember visiting my mother one day to spend quality time together. After our ritual healthy meal, she suggested to watch an episode on cable about Tiny Houses. Anytime I can watch a cable show, I agree. Our household broke up with Xfinity years ago.
She and I watched an entire season of the show. It was amazing how a family could live in a small square footage home with all the essentials.
I began to question if it was a fad because no one could raise a family with such small living conditions, so I thought.
Fast forward—there are more offers about designing a personal Tiny House.
84 Lumber, a major national retailer of building materials and services, just launched a series of tiny houses, available in flexible packages targeting anyone who might be interested in this lifestyle. In other words, 84 Lumber is out to make tiny house living as accessible as possible, whether the customer is serious DIY-er or somehow who just wants a fast, easy turnkey micro home.
The starter DIY package costs $6,884 that includes architectural blueprints, materials list, and a trailer outfitted with a subfloor and ready for walls.
Before you get excited about the cost of the package, a custom design home can start at $79,000. Depending on the person’s financial goals and desire to resale it may be in their best interest to keep the design minimum.
If this going to be the wave of the future? Since more Millennials are concerned about debt, rising cost of living and lack of employment after college, it just might be a first home purchase.
Bahiyah Shabazz is the President of Shabazz Management Group, Fabulous & Money Savvy and BROWN GIRLS DO INVE$T. She has appeared and given financial advice on various media outlets, and is the author of Women Building Wealth.