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Tiny Home Estates – A Hassle-Free Venture For Monetizing Your Vacant Land

Tiny Home Estates – A Hassle-Free Venture For Monetizing Your Vacant Land

Housing has always been the oversized and extremely bitter cherry on the cake of economic problems in the United States.

For as long as America has been an independent country, housing and homelessness have been major socio-economic issues, and with inflation rising higher than ever before, more people are at risk of falling victim to the system. Sometimes, the issue is not particularly homelessness but the fact that paying exorbitant rents and outrageous mortgages can reduce the quality of a person’s life.

Today, tiny homes are an ultimate saving grace, and they are super-cute too, if you can get past the size reality. In any case, do we really need that much space to live comfortably? A tiny home estate or community is a conglomerate of small-sized houses ranging from two to any number, situated in a location together and leased out to a variety of people from home seekers to short-stay occupants. The larger the acreage of land, the more tiny homes it can reasonably contain, and the bigger the estate.

Before we tell you how straightforward it is to build your own tiny home community, here are some reasons why you should use your vacant land for a tiny home estate.

A relatively affordable, long-lasting option

If you do a quick Google search for the cost of purchasing tiny homes, you might be discouraged by the figures splashing around in tunes of $30,000 to $150,000 for brand-name houses. This is great if you have the money and would want some extremely fancy tiny houses for your dream estate. However, if you buy a tiny house for $150,000, the price you’d have to rent it for to make a profit would defeat the entire purpose of affordable housing.

The DIY build-from-scratch experts can make them for a lot cheaper, and they are probably even more durable. Depending on the size, décor, amenities, and furnishing included, you could get real and habitable tiny homes for as low as $8,000-$12,000. Also, they'd look amazing on the outside and give off that perfect minimalistic feel on the inside. Some of them are so awesome, you could even get a small patio and a top deck. If you’ve got $40,000 saved up and you’re looking for a real estate opportunity, buying some acreage of vacant land in the right zone/location and putting up four or five tiny homes is a great way to build some generational wealth.

Minimal maintenance required

Generally, the major maintenance commitments you may have would be keeping the land fumigated, cleared, and preventing water logging or snow-piling according to the seasons. You’d also require a fence and gate to secure the property and keep your residents safe. Tiny homes are so self-sufficient that there’s barely anything to do. If the utility pipes and wiring have all been laid correctly and your tenants are not careless, you could go years doing only preventive maintenance checks.

If your tiny home estate does not function off-the-grid, standard housing maintenance rules require that the HVAC systems, plumbing pipes, gas pipes (highly important), and electrical wiring be serviced annually to prevent major issues. This is all low-cost and wouldn't require breaking the bank once or twice a year.

A steady stream of income

Tiny home rents are extremely variable according to city, county, and so many other factors such as size, cost of the home, and utilities or services available. They could go anywhere from $400 to $1500. Whether you’re easing into the business with four or five tiny homes in your estate or you’re diving in as a heavy investor with at least ten homes, it will remain an assured source of income every day for the rest of your life. Your estate is also a valuable landed asset to pass down to your children, or it will be off to anyone else, because why not?

It’s an assured source of financial security and a top-tier investment.

Service to humanity

Think of a tiny home as a one-bedroom apartment complete with its own kitchen (or sometimes kitchenette), bathroom, and storage space, but the ‘building’ belongs entirely to the occupant. It gives off a sense of exclusivity and ownership while still being affordable. However, in recent times, the demand for these houses has shot up so much that rental prices are firing up too. This reality is defeating the entire concept of affordable low-cost housing.

Well, your tiny home estate is your asset, and you can choose to serve humanity with it. It doesn’t exactly mean you should give out your space for free, but you could subsidize the rent for people who are having trouble affording decent housing to live comfortably. You’d still have a steady stream of income, and your lucky tenants will enjoy a good night’s sleep under a safe roof without the consistent trauma of how they’d afford the next exorbitant rent on a humble salary.

Temporary housing is a goldmine industry

Considering how tiny houses are getting so much love on short-stay services like Airbnb, big homeowners had better watch out.

Some people opt for these bite-sized houses not necessarily because they can’t afford the ridiculous rent for bigger homes but because they want the feel and experience of staying in a tiny house for a bit. It’s a change from what you know and a chance to test yourself on minimalism.

A short-stay is an excellent way to use your tiny home estate. You could choose to rent it out only to long-term occupants, exclusively to short-stay users, or a mix of both. Again, this choice depends on where your vacant land is situated and the usage rules stated by the county. This is another reason why you need to work with a professional company like us to purchase your vacant land. Just tell us what you plan to use your spot for, and we’ll immediately send you a list of appropriate locations. It’s why we’re in business—to make your investment journey 10x easier.

How to get your tiny home community up and running

If you’re uninterested in doing any coordination work to get your estate up and running, you could simply hire a contractor to get everything set up for you. However, it's still in your best interests to understand the process so you get it right on the first try. Don't worry. There's no Herculean drama to it.

Below are the fundamental steps to starting your own tiny home estate:

Purchasing vacant land in the right location with favorable zoning laws

Don’t be like the imaginary Ben and Anna that bought their vacant land in uptight North Dakota, where some of the strictest and most unfavorable tiny home restrictions in the US exist. They should have known, but they didn’t, so now they are using their intended tiny home community space for agriculture. That’s still great, but it wasn’t their plan. Be like Jack and Jill, who reached out to us here at LandSpot and got the perfect plot in the most progressive tiny-house location we have on sale.

It’s important to do your research and figure out which states have regulations on tiny houses. In some states, the county laws and zoning ordinances differ, and it’s so important to stay on top of these policies. This may seem like a lot of annoying work, but it’s something we’ve been doing for years, and our research is available to you—free of charge. All our vacant lands are fully and legally owned by us. Just tell us what you need, and we’ll narrow down the list for you. Once you find what you want, fill in some quick details, and make your down payment.

Complete your payment within 72 hours, and give us 7-10 days to mail your title of ownership to you. We also have financing options if your funds aren’t complete right now. Don’t worry. Nobody is running any credit checks as long as your account remains in good standing.

Get the permits

Of course, you want everything to be above board. You should file with the county authorities for building and land use permits so you can get your community started once your land purchase is finalized. As usual, these permits and processes differ according to location and zone, but a little research will show you all the quick processes you need to get the documentation ready.

Prepare your land

What are your aesthetic goals for your estate?

This stage depends on the condition of the land after purchase. Sometimes, you could get lucky and find it already in perfect condition, completely leveled with nice greenery. Other times, you may have to do a little groundwork to get it looking nice and homey.

Clearing, leveling, fumigation, planting or transplanting greenery, fence and gate construction—these are the standard land-prepping measures you should take to improve the appearance and habitability of your property. These steps are all affordable and cost-friendly, unless you want a golden gate crested with a wolf statue and a fancy cherub fountain to impress your residents. If so, by all means, spend those stacks.

Build or buy your own tiny homes

Finally, it’s time to really build your estate.

Of course, it starts with your budget. You may have already had a budget initially, but we know how “subject to change” these figures can be. You also need to outline your goals for the estate and how many occupants you’re expecting to accommodate in the long and short terms. Do you want it to be completely off-grid and self-sufficient, or do you want to expand your customer base by including some sweet, life-easing utilities?

Also, you need to decide on design and home sizes. It’s important to note that there’s actually something like ‘too tiny'. Some tiny homes out there are so questionably small that you'd wonder if they were intended for real people or action figures. It’s best practice to not go below 100 square feet.

It’s always going to be cheaper to have local tiny home carpenters help you with construction. It might take more time, but the fact that you’re probably buying more than one home is a lot to consider. It’s important to note that you’d also have to arrange for utility pipe-laying and electrical wiring if it’s not an off-grid estate. Also, there are lots of DIY tiny homes you could actually couple yourself and probably get an expert to install utilities. You can choose to implement full furnishing, minor furnishing, or bare spaces to be designed by the tenant according to their taste. Of course, different levels of furnishing directly affect the price of rent.

There are lots of options, and you’ve just got to choose what works best for your plan, vision, and budget.

Find wonderful residents

You’re officially an estate owner at this stage. You can tell a friend to tell a friend that you’ve got some cool spaces out for rent, or you can just add yourself to local listings online and on Airbnb. If you won’t have the time to actively maintain the homes in your community, especially if you don’t live close, it would be in your best interest not to go the Airbnb route.

It’s also important to lay down a few policies and housing regulations. There should be rules for cohabiting and community guidelines. You can also appoint a caretaker or a building manager from the residents to keep the place running smoothly in your absence.

There you have it.

Setting up a tiny home estate requires some effort, but once the residents get into a comfortable communal living flow, everything just goes completely hassle-free from then on.

Here at LandSpot, we are not simply trying to just sell you land and turn over a profit. We're a Better Business Accredited land investment company that wants to help you grow and build your real estate portfolio. We want to help you make all the right choices, starting from the location you'll choose for your estate down to the ventures you’ll set up on your property—if you don’t want it sitting vacant. This is an exceptionally great investment, and if you’re thinking about it at all, you should definitely see it through.

Please feel free to contact us anytime, and we’ll be here to assist you. We have a lot of nice plots of land for sale, and we'd be excited to have you make your choice with us. You might even find the cheapest land in the US in our collection.

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