WITH the cost of living making it harder to get on the property ladder, more Brits are exploring other options.
Whether it’s renting or house sharing, people are looking for ways to have a roof over their heads without emptying their bank accounts.
Even online sites like Etsy and Amazon are getting in on the action, selling tiny homes that make affordable living easier than ever.
According to the 2021 census, over half of people aged 23 and under are still living with their parents.
The average house price in the UK reached £285,000 in March 2023, with some areas seeing prices soar to an eye-watering £735,254, making homeownership out of reach for many.
Research from the Resolution Foundation also shows that the average deposit for first-time buyers has tripled, from 5% of the property's price in 1989 to 15% in 2019.
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Customers are currently raving about a portable tiny home that is being sold on Etsy.
Rather than forking out on a mortgage, buyers are able to get the home for the same price as a deposit on a house.
And if you’re looking for a unique and luxurious home, which comes with a fully-fitted bathroom and kitchen -
The Shepherds hut, which is 25ft x 8ft, is made of steel turnable chassis, and offers one of “largest floor spaces available.”
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Buyers, who are willing to pay £39,000 for it, can access the hut through handmade glazed french doors with double glazing, and walk along the oak flooring which is 100% waterproof.
The home has three zones which include the living room, bedroom and en-suite, along with LED lighting in the ceiling.
It has electricity, with sockets and two large underbed storage drawers, perfect for additional bedding, linen or clothes.
The kitchen is fully packed with a hob, and sink that has a 10L instant hot water heater fitted inside the cabinet below.
This hut is available for immediate delivery and they also have a range of designs for you to customise to achieve your dream hut.
And customers are raving about it, with many rushing to the comments section to praise the tiny home.
“Really solid, well built and compared to what else is out there great value for money,” praised one.
Another added: “Fantastic quality. Brilliant customer service and quick delivery.”
We previously revealed, how Sophie Kovic became bill-free after leaving her traditional home and moving into a tiny house she purchased on eBay.
She now lives off the grid in her self-sustained home, which is powered by solar panels in her garden, eliminating electricity bills.
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Her home is located on a farm that produces a variety of fruits and vegetables, allowing her to skip the grocery store altogether.
Living in a tiny home offers a smart way to save money for a future house while maintaining your independence.
The rise of tiny homes
By Jonathan Rolande
Property experttold Fabulous: The reason we are seeing more creative ways of finding a home: super-high property prices and rents. Younger people are remaining in the family home later in life to avoid paying high prices and to save for a deposit. With increasingly busy lives, staying within a larger family group makes sense, chores such as gardening and housework can be shared.
Garages are rarely used for their intended purpose as cars are far more reliable and less prone to rust and so are perfectly happy outside. On the other hand, the amount of property space per person has been shrinking – converting a garage can make great sense.
Things to consider. (the boring stuff)
Usually easier than building from scratch but still a lot to do to turn a garage in to a habitable space.
You’ll need to check if you need planning (more likely to be required if the garage is detached).
Building Regulations stipulate many things to make homes safe and secure. Consider
Walls, are they cavity?
Roof height
Windows
How will you get plumbing, electrics and drainage connected
Insulation – it will be cold!
Fire safety
Damp proofing
Also consider if, by converting, you are adding or deducting value from the main home. Garages can add value in busy urban areas where parking is limited.