When we build your tiny house on a foundation, you will need to purchase a piece of land through us or on your own. Depending on how big or small the land is, you can possibly get a great deal. Some cities will sell small vacant lots that are not suitable for normal size homes for a lot less. If you ever need to sell your tiny home, the land would be included and leads us into the next benefit:
By owning a piece of land and having us build a structure on it, the property will likely appreciate in value. This is especially important if you are building a temporary home. Unlike a tiny house on wheels, which depreciates over the years, a home built on a foundation is considered an investment. If selling it is in your plan for the future, even a rundown house will hold some value because of the land. As long as the foundation is in good standing, people will want to buy the property.
Since people who build tiny homes on trailers are traveling frequently, the house will experience a lot of wear and tear. The wheels and trailer alone will require regular attention. Not to mention the home’s siding, which will require maintenance after having to withstand all of the rocks and gravel that kick up while you’re on the road. None of this is an issue when you build a home on a foundation. Instead, your areas of maintenance revolve more around taking care of your property such as mowing your lawn and trimming your bushes.
Most banks won’t consider lending someone money to build a tiny house on wheels. This is because they tend to depreciate in value and deteriorate after years of use. Banks want to invest in the construction of homes that they can resell if the loan isn’t paid back. It’s also harder to foreclose on a house when it’s always on the move.
When you live in a tiny house on wheels, things like plumbing and electricity have to be taken into consideration. Rather than being able to hook up to the city grid, you’ll need to come up with alternatives if you want your home to be mobile. This means using compost toilets, solar power, and water tanks. Building a tiny house on a foundation gives you the option to tap into local and city utilities, so that you can have traditional plumbing, electricity, and the most important utility, WiFi.