Whether you are an individual looking for an alternative habitat to escape on a daily basis, or a professional wishing to give a new ecological dimension to your business, the acquisition of a tiny house represents a more accessible investment than a real estate property traditional. Choosing the tiny house for your daily life or work means choosing to save energy and running costs in order to enjoy the things that matter more.
The modular, modern and tailor-made tiny house involves a certain budget, much less than a classic accommodation or a traditional house, but which will still have to be taken into account in the budgeting of your project. In addition, the tiny house does not meet the necessary criteria to be considered as real estate. Therefore, it will not allow you to access a mortgage bank loan, but can still be financed through other means.
Note that the tiny house does not require investing in building land and can perfectly be designed on rental land or in your possession. This is another budget savings that you should consider in your search for tiny house financing. Depending on the construction method you choose for your tiny house, the overall budget may be in a wide range from € 23,000 and up to more than € 50,000 for larger and modern ones.
If you opt for the self-construction of your tiny house in order to go through with your environmental approach, your budget will undoubtedly be lower and you will be able to save more by purchasing spare parts or by selecting the most economical materials. The resale of spare parts for tiny houses is indeed more and more widespread, as the concept seduces a larger number of followers. Also, don’t forget to check out Sun Flower good deals to outfit your tiny house.
If you choose to entrust your environmental project to a builder specializing in tiny houses, the budget will certainly be greater, but will also offer you the serenity of a design carried out from A to Z with all the existing construction standards. It would be difficult to set a fixed budget for your tiny house, as everything will depend on the use you want to make of it, its size, its equipment and its capacity for autonomy.
The banks will not be able to grant you a mortgage due to the nature of the tiny house, but they will be able to offer you another method of financing. Depending on your project and your capacities, the banks can finance all or part of your tiny house construction, at more or less attractive rates.
Do not hesitate to also seek credit organizations which are readily interested in eco-responsible projects. This is the case, for example, with bank of ireland or credit union , financing organizations that can take charge of your tiny house project.
As part of your environmental approach, certain foundations can help you finance the purchase or construction of a tiny house. Certain foundations indeed specialize in supporting eco-responsible projects, particularly when they involve an ecological or societal dimension, which may well be the case for a professional and associative tiny house.
>DO A CROWDFUNDING CAMPAIGN FOR YOUR TINY HOUSE
If you are embarking on a project to build or buy a tiny house, without being able to release the necessary funds to cover your costs, crowdfunding remains a possible alternative. These crowdfunding platforms allow you to present and highlight the strengths of your ecological project, in order to solicit donations or financial contributions from internet users who support you.
In return, some crowdfunding platforms will ask you to offer something to the people who will support your project. In the case of building a professional or associative tiny house, do not hesitate to involve your products and services in the process to speed up financing. You will always be able to call on crowdfunding for a personal tiny house, thanks to the generosity of Internet users aware of the environmental cause.
Do not hesitate to also seek credit organizations which are readily interested in eco-responsible projects. This is the case, for example, with bank of ireland or credit union, financing organizations that can take charge of your tiny house project.