A MONEY expert has revealed the actual cost of building a tiny home - they said there are only six places that a potential buyer should consider building a small dwelling.
In a TikTok video, the money expert explained how homeowners can build a tiny home at a bargain-basement price.
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The TikToker, Kezia Williams (@keziamw), explained the true cost of buying a tiny home.
"When I heard there were $15,000 tiny homes for sale at Home Depot, I was like Bob the Builder better get this shed up in my yard," Williams said in the video.
"Here's how much a $15,000 really costs."
Williams said that tiny homes could be as cheap as $15,000 - but homeowners should be prepared to live without bathrooms or modern amenities.
Read More on Tiny Homes
They broke down cost structures for necessary rooms in a modern home.
TINY HOME COSTS
Bathrooms, they estimate, will set customers back $4,000 to $12,000.
Kitchenettes are estimated at another $4,000 to $14,500.
Utility costs and land rent will add another $500 to $2,000 monthly.
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"Plus, you have to pay to connect your utilities like water, septic, lights and propane," Williams said.
The money expert said a fully remodeled tiny home will cost between $25,000 and $35,000.
Even though the final sticker price is higher than advertised, the price is teeny compared to the average American home.
The average American paid $505,300 for a new home in the second quarter of 2023 - over 90 percent more expensive than Williams' highest estimate.
SIX TINY HOME FRIENDLY STATES
"You gotta find you a tiny home friendly state," Williams said.
Williams said six states have local laws that are friendly to tiny home dwellers.
North Carolina, Florida, Colorado, Texas, California, and Oregon made their list of tiny home-accessible municipalities.
Williams pointed to other tiny home-building examples - including Precious Price's Atlanta, Georgia, tiny home.
The U.S. Sun recently reported on Price's tiny home - here is how she kept the home "light, airy, and open."
Read More on The US Sun
Also, here is a pre-built tiny home starting at $7,700.
