HOUSE THAT
I bought a ready made tiny house for £68k & put it in my back garden – I rent it out on Airbnb & it pays my mortgage
Scroll down to find out whether tiny homes are legal in the UK
A WOMAN has revealed how she bought a pre-built tiny home and now rents it out to pay off her mortgage.
Kristina Modares purchased the home for £68,000 and it was delivered to her fully built, on the back of the lorry.
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She placed the 399 foot house in her back garden, and then listed it on AirBnb, earning her enough cash to pay her mortgage.
Kristina revealed she was able to purchase the tiny home on finance, and said that the price includes the cost of delivery, a small deck, a fridge, a microwave, a stove, hook ups for a washing machine and dryer, and heating and air conditioning.
"This particular model has tons of light, a little bedroom and a nice sized loft," she said in a video posted to her TikTok channel.
Once the house had been delivered, Kristina had to pay for plumbing and electrical work, a washing machine and furniture.
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"We furnished it really cute, and then put it on AirBnb," she said.
Kristina revealed she earns around £2,700 a month from the AirBnb, which as well as being enough to pay off her mortgage also covers some cashflow for expenses.
Kristina's () video has racked up a whopping 8.7 million views on the video sharing platform.
TikTok users raced to the comments section to share their thoughts.
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One person said: "Genius!! If I had the land I’d do it too."
A second person said: "Love that you are getting your mortgage paid, go girl!"
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A third person said: "I want to live in a tiny home."
Living in a tiny home is a great way to save cash for a house, whilst still having your independence.
As the cost of living crisis continues to bite, more and more adults are struggling to get on the property ladder and are choosing to live in their family home for longer.
The 2021 census revealed that over half of people aged 23 and under still live with their parents.
Tiny Homes FAQs
The tiny house movement began in the USA before gaining popularity in the UK.
What is a tiny home?
Tiny houses are small, fully-equipped living spaces designed to lead a more sustainable, off-grid lifestyle. Although they vary in size and shape, tiny homes tend to be between 15 and 50 square metres in capacity, made of sustainable materials and are easier — and cheaper — to maintain than traditional brick homes.
Are tiny homes legal in the UK?
As long as the tiny house doesn't exceed 19.8m x 6.7m in size, it is defined as a caravan in UK law. Therefore, tiny houses are classed as legal additional living space.
Can you get a mortgage for a tiny home?
The small size and relatively low cost of tiny houses means they’re not generally considered eligible for a mortgage. However, there are plenty of options to take out a loan to fund your dreams of the perfect, moveable home.
And the average first time buyer's deposit tripled from five per cent of the property price in 1989 to 15 per cent in 2019, research from the Resolution Foundation found.
This means that buyers have to save for far longer and use up a larger percentage of their earnings to get on the property ladder.
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Recent research by property site Zoopla found that 42 per cent of adults under 40 who do not already own homes have given up, due to the astronomical cost of buying a property.
This included 38 per cent of people earning over £60,000 (almost double the average salary for the UK).
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