Have you ever dreamed of owning a tiny home on wheels (THOW)? With the increasing popularity of the tiny home movement, you may consider building or buying one. However, before you take the plunge, you should consider a few things. In this blog post, we'll discuss the top four things you should consider as you begin your journey toward owning a THOW.
Financing One of the first things you must consider when building or buying a THOW is how you will pay for it. A few options are available to you, including paying in cash or financing. If you have the funds available, paying in cash can be a great way to save money in the long run. However, if you need financing, research your options thoroughly and choose a lender specializing in tiny home financing.
Builder or DIY Another decision you'll need to make is whether to hire a professional builder or take on the project yourself. If you decide to go the DIY route, make sure to do your research and have a solid plan in place before you start building. Consider using a layout app like SketchUp to plan your design and list your wants and needs. On the other hand, if you decide to hire a professional builder, make sure to choose someone with experience building tiny homes on wheels, and don't forget to plan for a trash bin.
Parking One of the most significant challenges you'll face as a THOW owner is finding a place to park your tiny home. Before you start building, ensure you own property where you can park your THOW or have secured a rental spot. Additionally, be sure to check with your local zoning department for any restrictions on where you can park your tiny home, as each city/county may differ.
Insurance Finally, don't forget to protect your investment with insurance. While most insurance companies offer policies for tiny homes on wheels, it's essential to do your research and choose a policy that provides adequate coverage for your needs. Be sure to shop around and compare policies to find the best option for you.
In conclusion, building or buying a THOW can be an exciting and rewarding experience, but it's essential to do your research and plan ahead. By considering the factors we've discussed in this blog post, you can make an informed decision and set yourself up for success as a THOW owner.
If you're interested in building or buying a THOW, DFWTiny.com is a great resource for more information on the topics listed. Whether you're looking for financing options or want to learn more about the building process, their website is an excellent starting point for your tiny home journey.