A small homeowner has revealed he pays less than $100 a month for the lot he lives on, but it took quite a bit of work to get there.
Before the TikToker could get its hands on the land, several considerations had to be made.
However, this was an advantage for Melanie, as the necessary utilities were already in place.
“The thing about a lot that has a burned down house for a Tiny House on Wheels resident on it means we already have a well, septic tank, electrical hookup, driveway and drainage field on the lot,” the TikToker explained .
There were also two mobile homes there, but Melanie says that didn’t affect the value of the property.
“We didn’t really care about the house that burned down or the two 10×40 mobile homes — the property was appraised at $29,000,” they said.
Despite this, other bidders made low bids for it.
“Everybody was bidding for $7,000 or $8,000 while asking for $16,000,” the small homeowner noted.
Melanie said they felt $16,000 was a great offer for the property, so they negotiated the full asking price on the condition that the sellers remove the mobile homes.
The offer was then accepted and Melanie was able to obtain the financing needed for the property, resulting in a surprisingly low monthly payment after paying back an initial amount.
“So we were able to fund $16,000, and after our down payment, we received a monthly payment for the balance of $98 per month,” Melanie said.
The TikToker attributed the perfect situation for his tiny home-on-wheels to a county law in the area that bans new construction on an acre of land.
So no one could come in and fix the burned down house, leaving the door open to small homeowners.
“There was no way to build another home on top of that,” Melanie explained.
“By working with county officials and demonstrating that we had a composting system in place and would not destroy the drainage field, we were able to compromise and build a homestead on this property.”
The small homeowner encouraged others to pay close attention to county regulations to use the land as they did.
“If you know what’s happening in your area and what land you can and can’t build on and how you can use it, it can really help you get into a great situation,” they added.
Ultimately, a few months later, Melanie managed to demolish the burned house.
A real estate guru also warned those looking to build a tiny home to make sure they comply with county regulations beforehand in order to benefit from their miniature estate.
For more related content, check out the US Sun’s coverage of a woman who lives in a luxurious tiny house that’s only 3,000 square feet.
The US Sun also reports a tiny home built 20 feet above the air that is saving the owner about $4,000 a month.