1. Rachel’s Tiny Home Journey

2. 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

3. 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)

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

5. 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 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

6. 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

7. Example Tiny House Floorplan

8. Questions?