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Smart Millennial Buys TINY HOUSE as Perfect 1st Home
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- Опубліковано 3 сер 2024
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VIDEO INFO:
Torey purchased a beautiful Tiny House so that she could own a home in her 20s in Austin, Texas. Tiny Houses may be the perfect option for millennial homeowners.
FOLLOW TOREY ON INSTAGRAM: / toreystoryy
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VIDEOGRAPHER:
Matt Alexander
aerialexcellence.us/
EDITOR:
Marcia Trader
www.marciatrader.com
TITLE MUSIC:
Kate Steinway - "Tiny Home"
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ADDITIONAL MUSIC: www.epidemicsound.com/
OPENING MONTAGE DRONE SHOT: Jonathan Benabed
So she's paying $950 a month. In 12 years she'll pay $136,800. That's with no interest.
At 3% , she's paying $11,500 in interest.
Half (or more) of that $950 is rent for the rv Park. Watch again and she spells it out more accurately
@@TinyHouseGiantJourney I know, but still, she have to pay it every month. You can buy a house in Austin for around $136k.
I don’t know the area, but $137k is pretty affordable for a house. Maybe you don’t mean in Austin proper? According to Zillow the average house price in Austin is almost $400k and rent is $1750 per month. See below. Perhaps you could find a fixer or a house in a bad neighborhood for what you’re quoting nowadays, but that’s about it. She is paying 1/3rd of that, for 1/3rd of the house. But that’s what she can afford, and it’s smart because she’s young and not going to be house poor.
www.zillow.com/austin-tx/home-values/
@@TinyHouseGiantJourney I'm saying that the $60,000 is not the true cost of the house.
Whenever I see someone talk about how much they bought a car or house for. They never talk about the true cost of it, after interest.
I looked at houses for sale and for rent. You can get a house for around $140,000. And rent for $600-$800.
And based on Google street view, it doesn't look like a bad neighborhood. But you can't really tell by that.
You 100% can not but a house got $126k in Austin. ESPECIALLY where she’s living rn
THATS MY BESTFRIEEEEND.
This tiny house is the happiest place on earth.
Bobby Bean love you bean!!
@@toreytrouart363 alright! Good for you.
Your house is darling, the field and shed are huge amenities.
You, Isaiah and your pup so rock! Best lives to you all.🏠🙏
Go best friend!
Go best fraaannnnn!!!!! Yassss!!!
I like you're name bobby jean and your bff torey trouart it rhymes ✌😁
I really appreciate that she gave us figures with meaning. X amount lot rent, X amount mortgage, paid off in 12 years. That is fantastic to know and makes this seem a lot more attainable than "the build was 70k."
Not sure how the math on the mortgage works.. It would have to be a 0% interest loan.
$60k - $5k = $55k
$400 a month mortgage x 12 months x 12 years = $57,600.
Maybe her mom bought it and she’s paying a 0% interest loan to her mom?m
Absolutely Ashleigh!
@@vegbeth I hear it is hard to finance a Tiny Home through the bank, so your speculation seems sound to me.
I really appreciate the prices and monthly/yearly expenses being put in. As a young person looking to build my own small house, it is helpful to see others around my age making it work.
Narakonaro~ Agreed! All videos should have cost, mortgage, etc
Not sure how the math on the mortgage works? It would have to be a 0% interest loan.
$60k - $5k = $55k
$400 a month mortgage x 12 months x 12 years = $57,600.
Maybe her mom bought it and she’s paying a 0% interest loan to her mom?
@@vegbeth Maybe or maybe she didn't give exact numbers. I think the big take away is there is an option to buy "tiny" and payoff sooner rather than in 30 years.
I think this is the first RV/tiny house park I've seen that gives a lot of space in between properties. I mean, I can't even see the next tiny house or RV! Lol. And what a bonus being able to have your own shed too! I hope other cities do this!
@Daniella Thoelen Cool, thanks! 🙂
The concept is growing, albeit very slowly. Maine just signed off on allowing/building these tiny homes. Great for singles or a couple.
@@clairelivefreeordie2551 Totally! If history has taught us anything, it's that progressive movements progress slowly. So we all gotta be in this for the long game! 🙂
I really like this one and. Her decor is on point for me
I'm living tiny in my own apartment right now. So I know I can live this way.
@@truthfulrating5802 The transition will be easier :-)
Ikr
With Ryan's ua-cam.com/users/postUgkxy_pn55PK60wAV3X_C_RoLS_67mNonoCE plan, I was like one taken by the hand and led step by step from start to finish. Thank you very much Ryan!
Tiny Houses started becoming popular because they were cheap but they are getting more expensive by the day and now are out of reach for a lot of people. All good things come to an end....
Manny j
Learn; DIY Co-op, network (grab onto friends with good energy and people with skills.). Build, salvage, scrounge.
Happy life to you.
Honestly though, they are cheap If you build it yourselves, labor yourself and buy reused parts, or find land from family or friends. But of course buying pre built will come with a premium because of convenience
Prices haven't really changed, just the reality that the prices aren't going to be the same for everyone because everyone is not doing it exactly the same...
Some DIY, many go to a commercial builder, some can manage with a basic home but others need something more elaborate to meet their needs, some will live in them alone as a couple but others will include up to large families...
There's just not going to be one price range for them all nor will the homes they get be all equal or equivalent...
Really, it's like saying just because there are high priced cars, phones, computers, etc that you can't just go get a budget priced one... Just know what you're actually paying for because the choices aren't limited to just the size of the home...
So, I can't remember his name, but the guy who started the tiny home movement gave himself a challenge: design a $5,000 tiny home. HE DID IT in Sept 2019. So they should be available soon. Next, I want him to design a $5K house designed for wheelchair users :)
Sarah O This would be fantastic❣️
I love your tiny home & tiny dog. When you grow out of it, I’ve seen couples build another one, put them in an L formation and build a big deck between the two, especially when they have children. Then one can be bedrooms and the other kitchen/living.
I'm 54 and admire this young woman and her smarts. I've been working to live for 37 years with little to show for it. I love everything about her home and the lot it is on. And I love Austin. Good for her and daisy. They have a beautiful life. I may start searching for my own tiny home. Thanks for the inspiration.
When I was working in the Real Estate industry I was amazed at the mindset of the buyers who I would interact with. They would only just be starting out in their careers or Industry and yet insisted on buying a 4x2 house. They didn't even have children but wanted the biggest and the best. They invariably ended up having to sell out and downgrade. My first was a 1 bedroom unit with a courtyard. Couldn't seem to get through to them that they needed to start small... Sad.
Her house is very cool and location is superb! Having the entry + the benefits of rv park + shed + view all in a busy city is really as good as it can gets. Congrats to her!
More Stories & Info About Millennials Going Tiny: tinyhousegiantjourney.com/2020/02/07/millennial-tiny-house/
That is still A LOT of money. Dang, no different really. 12 years is better than 30. But 1, 000. a month us too high.
marian smith it feels high but the average cost of rent here in Austin is about $1500
Studios in Newport Beach, California start at $1,800 / mo. + utilities + deposit. $60K for a beautiful home like this one is crazy inexpensive.
marian smith that’s high for your area, but in Austin, that’s a great deal. Not to mention if she pays off the home she’s looking at 400 a month.
Something to understand is the majority of cost savings from tiny living comes from all the long term cost savings that lifestyle promotes, which can add up to multiple times what the home cost to purchase over the years.
Problem is people tend to get too focused on just the purchase cost of the home but really it's the long term costs that are the game changers.
Mind, the average home owner is spending thousands on their home every year and here's an example of just some of those costs...
www.zillow.com/blog/hidden-costs-178265/
Over time, the actual costs of home ownership of traditional homes add up to multiple times what the home cost to purchase but tiny living can reduce nearly all of those long term costs so the difference is actually much larger than just the purchase cost of the home in what people can potentially save.
This is why, despite the cost of some of these homes, that people are still managing to go debt free in just a matter of a few years, and then all those savings can be directed to living their lives to the fullest.
Even for those who rent, they're paying less for utilities and multiple other long term costs.
Costs also vary, not all home will cost the same and not all locations will deal with the same issues or have the same cost of land, etc. But there's more than just the home to consider when figuring out how the changes will actually effect you...
honestly for living alone, having your own back yard, not to mention shes paying a mortgage to own the home 1,000$ is cheap
Hands down this is my perfect house, obviously will make it the interior fit to me but, great outdoor place, doggie friendly. Love that. Plus the shed! Absolutely gorgeous. Dandy is so CUTEUH!
Love this house and love her vibe! Tiny living really does make better humans. I’m convinced. ❤️
OutFreakingStanding! You should be the poster child for the simple, yet doable lifestyle of tiny living in the overpriced rental market of desirable cities. You have a real gem, both in your obviously cozy, simple, yet functional tiny home, as well as your choice in lot rental. I don't even know you, but I am so proud and impressed with your outlook of tiny living, as well as your power of manifestation. Well done sister!
Umi imU thank you thank you!!! I love the support! 💕
Did I understand this right that she pays >500USD for the place to park the house. In my opinion that's way too much!
Jonny the Ponny I agree. Over price
Jonny the Ponny It’s the location....Texas, near a big city.
I agree it is too much , I think she bought it over priced. It would have been cheaper to get it built. I’ve been researching a lot and could of gotten a bigger tiny home for that price.
Guess she's better off getting her own land and paying taxes. And pain Water and Sewer.
@Kimberly Devoz - Over priced depends what you get for it... Problem is you don't get the same things with every home.
Locations gives different pros and cons like proximity to things like shopping areas, hospitals, jobs, schools, views, climate, weather, etc.
Location also effects how much competition you'll deal with for resources, whether everything in the area is higher or lower costs, what the cost of the land will be, how much you'll pay in taxes, how much it will cost to hire a commercial builder, how much just material will cost, etc.
In a high priced area, even an empty lot can cost a lot vs other area...
While the home itself can be done at a very wide range from basic structure that will get you by but will need regular maintenance to keep going or it'll eventually fall apart vs a home built to handle just about anything, can last over 500 years, will require little maintenance, etc... Among many other reasons costs will vary...
So it's not as simple as just looking at something because there's a lot that goes into costs and you have to know them to actually know whether something is worth it or not...
I've been into adding more colors to my living space and this channel is just giving me the best vibes. I really loved her home's style and decor!! It's inspired me to re-decorate my living room.
LOVE, LOVE, LOVE this tiny home. It's spectacular how she got it as is, and I'm down with her colors and decór. I just got this really nice vibe watching this video. Very beautiful 💗
The location seems really good, plus having the storage shed and water/sewage hookup is what makes it the most sustainable.
I am so jealous of her she’d and patio!
What a sensible happy person - kudos to this tiny home. It's one of the best I've seen! Great video!
Loved that it was Turn Key, all she had to do was: pay $$$ & move in, it came w/ appliances and regular toilet. Lucky ☘
It's nice to be happy! Your tiny house is very cute and I am glad that it makes you happy!
Beautiful house. Love the fact you can stand in your loft! Very airy and just perfect! Dandy is a cutie!😊
Actually, she can't stand fully upright in her loft. 5:57 I would consider adding a roof section that is higher but can be lowered for transport. Not my idea; a tiny house owner showed theirs on YT.
You have a lovely home and a great parking spot. FYI, you plant is a pothos. And what a fantastic way to remember your grandmother.
Hey Torey..Your home is really a happy place.the light,the windows,the light colour wood..the best to my taste so far.. hope it will be a happier place everr 🙋
I wish we could see more of it in detail..😔
Like the house and her dog. Cute.
Cute house. LOVE the little dog and nose prints she has put on the upstairs windows!
This is the first video I have seen that gave great info about where to place the tiny home and the economics involved. It is a great idea for someone who doesn't want to build it themselves.
For some reason I love this. I find this very cool and well-made
What a sweet home. Love the “plant” story she told. I too have plants that are from family members or family events. They are precious to me and she too has that. Thats awesome. I really like all her nick nacks. Love all the macrame. And that hanging star, so cool. Love it! She has a nice little piece of heaven right here on earth! Beautiful! ❤️💜💚
I love the design of the house. She was really lucky!
I love her positive outlook on tiny living!
Good for her! She's making it work for her lifestyle and she seems be happy.
I love this intro! Im glad you went back to it.
Great use of space in the home. I love the amount of light it gets, the kitchen looks so functional and the cozy living room looks roomy. The location and set up is a winner. Love the open yard. You’re little terrier looks so happy!
she do very well manage and organize the limited space in her tiny house. So cosy living area with a very good bed room. Her tiny dog also cute.
First reaction: 'wow, this *is* a happy place!
Great layout, love the stairs and the windows in the loft.
And I mean... The lot is just amazing.
I LOVE the design of this place. Its simple yet so open and roomy. Love it!!
composting toilets keep our shit out of the ocean, I reckon any potential hassle has got to be worth it
Boy she’s got the best of ALL worlds!! How opportunistic that she found a place she can LEASE!! Amazing!! I’m envious!! Although she didn’t build it to her specs, she’s got quite an awesome floor plan!! Great location also!!
Thanks fir a great episode.
This really is a lovely home. It has all the things one needs in a home (except maybe a washer/dryer?) & storage & looks comfortable. Enjoy your life in your home.
I'll bet there may be communal laundry facilities for the complex.
This is my favorite layout so far.... I will do a couple of changes, but it is so perfect.... good job ❤️
Great house and a great alternative!
Hi Jenna we love this tiny home Torey did a really good job she really brings out her personality we wish her many happy years in her tiny home.
Cathy Lynn Pietranton thank you Cathy!!
Wow, I really love the design of this tiny, never seen this layout before and I watch alot of tiny house videos
This tinny house is perfect I would of bought it in a heartbeat too. I love everything about it.
This is one of the best tiny houses I’ve seen. I love the bedroom set-up. Love her pooch too!!💜🐾
Your home is so cozy and beautiful.
Almost perfect. This definitely is in my top inspirations for my tiny. Thanks 😊
$950 a month!?!?! That’s still expensive! My mom and I have a spacious townhome with 1400+ square footage and we only pay $825! But then again, Austin TX might be way different with costs of living than Knoxville, TN where I’m from 🤷🏾♀️🤔
Curly Self-Taught Gymnast I have friends in Knoxville and they say it is very different! I did also want to invest in something that could change and move with my life
Another great video...thanks Jenna..👍👍
Love 💕, all those windows in bedroom loft are amazing!
I like this tiny house, it looks so comfy and easy to clean it inside.
There is a fine line between cluttered and character this home definitely has character!
I really like the decor and interior lay out of this house
Beautiful home and the most adorable companion - Dandelion- so cute ❤️
Beautiful. great job decorating too, love your style
Thanks for sharing even the breakdown of the costs
Your plant in your sleeping space is actually called a POTHOS. Beautiful, cleans the air, and I love the variegated leaves. It roots easily in water so you can always start another plant or plants.
I love your tiny house, especially the stairs. Great for safety and for when you’re feeling unwell and not into climbing up and down a ladder.
Sharon G thank you! I was wondering and do you have tips on keeping it alive? Or really making it thrive?
Torey Trouart
Lots of light will bring out more of the variegation on the leaves. Keep it moist but not soaking wet. (It can dry out a little between watering.) Mist every so often. Feed a balanced fertilizer at half strength. These are actually really forgiving plants. One of my very favourites! Enjoy!
Pothos are also known as 'devils ivy'.
It is a beautiful plant. I have a few different varieties that are thriving in my home. They will vine beautifully. 😊
@@sharong8511 And wiping dust off the leaves :-)
Gorgeous home excellent design and technology loving family life Many blessings to you all
So proud of you. AMD very happy for you to realize this lifestyle at such a young age. If only I had done this a long long time ago.
Everything really is bigger in Texas, even their tiny homes
That pup is so adorable...Nice place 👌
I love your home and how you have decorated it!
Love this house, especially that you can stand up in your bedroom!
She has such a beautiful home and a smart investment. Starting your life making such a wonderful choice is indicative of a great future. Wishing her the best. Thank you or sharing
Nice🏠
Love the windows , great sun in.
Great House! and best of luck to the owner, she's a smart lady !
Such a nice home and smart owner. Small eco footprint and building equity instead of renting an apartment.
I love all of the light wood
Lovely home!! Well done. Very well done! Good job young lady!! 🤗👍
Smart girl! And thank you for being so forthright about the cost. So many of these videos skirt around the issue of price which is very annoying!
Love your sweater - and you macrame hangers are really cool - you made a good choice with your home - good luck!
now I want to live in a tiny home..cause they look so cute and comfortable.
I likes the house design..but I LOVED how cute Dandelion looked napping on the couch
❤️ Good for this young lady!!
Save money 💰 and still have your own space!
Gorgeous home!! I love the use of colour and the bedroom loft is great with the rail. I think Dandy is super cute and you can tell she loves the bedroom loft. :) Thanks for sharing your home with us.
Really enjoy watching your video
It’s a great house, simple, great windows, warm and modern!
This house is stunning. I love the cozy living room!
Beautiful house full of cute details.
Gorgeous jumper Torey is wearing!
Such a cute place!!
Cool tractor seats. Clever too.
Loved the house and the adorable pup but I noticed you have a new addition very cute
Very wise young lady.. Beautiful home ♥️
Looks wonderful. Good job 👍🏼
It’s so pretty!! So reminiscent of my RV!! 💥💚
Really awesome! Thank you!
wow, looks beautiful
At the beginning the dog is blacked out but he or she is soooo cutee!!
Love your tiny home. ❤️
I really like this tiny house, it looks nice and cute
This is one of my favorites.
Such a cute lil dog.
congrats for downsizing your debts, eliminating financial stress .
good for you.Enjoy life .
Beautiful doggy ❤
Beautiful home and community