Rachel’s Tiny Home Journey

Traditional Home Statistics * For a $120,000 purchase with $20,000 down Mortgage Annual Taxes Allegheny County Property tax: $2,664 Northgate School District tax: $3,490 Monthly taxes: $512.83 Monthly Utilities * Based on Bellevue bills Gas: $150 Electric: $75 Water/sewage: $50 Trash: $15 Money down: $20,000 Average monthly payment (30 years): $1,345

Tiny Home Statistics Purchasing Land Build Tiny Home Monthly Utilities $16,500 base cost Includes trailer, shell, roofing, framing, windows, sliding glass door, and 2 lofts Also includes delivery to Pittsburgh No-interest credit of $5,500 for trailer Personal loan for $10,000 build Estimated cost of interior build: $5,000 (cash) Monthly Utilities * Based on tiny home estimates Purchase price: up to $20,000 Down payment: up to $4,000 Monthly payment: up to $85 Electric: $25 Water/sewage: $6 Trash: $11 Propane: $20 Money down: $4,000 Average monthly payment for first 12 months: $839.66 Average monthly payment after 60 months: $147(utilities & land only)

Cost to build in 18-24 months Cost to build this year Cost to build in 18-24 months Continue renting Year 1 Rent $3,900 ($650/mo) $7,800 ($650/mo) Out-of-pocket $5,000 (interior) $0 Payments $5,891.94 ($654.66/mo) Year 2 $5,200 ($650/mo) $22,000 $1,855.92 ($154.66/mo) Year 3 $8,100 ($675/mo) Year 4 Totals: $20,359.70 $35,000 $31,800

Traditional Home Pros & Cons Plenty of space (too much?) Ability to store extra stuff Fit in with the “norm” Able to have large gatherings Can easily fit more things or people Cons Financial ramifications Paying for 20-30 years or must buy an income property Save less for retirement Too many extra rooms Harder/more time to clean Need to make more money or keep second job long-term Must rent longer in order to afford a traditional home Too much space to store extraneous things

Tiny Home Pros & Cons Cons Pros Financial freedom without needing second job Ability to pay off student loans and car faster More money for savings, travel, retirement, etc. Houses all necessities of life Allows me to do more outside of my home (garden, travel, entertain, etc.) Easy to clean/maintain Can be moved if necessary Environmentally friendly Cons Small square footage Need for outside shed/storage Need help and space to finish the tiny house while renting Can’t have large groups of people over in colder weather

Example Tiny House Floorplan

Questions?