I bought a turnkey tiny house for £68,000 and put it in my back garden

A WOMAN has revealed she has bought a turnkey tiny house and is renting it out to pay off her mortgage.

Kristina Modares bought the house for £68,000 and it was delivered to her fully built, on the back of the truck.

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She put the 300-foot house in her backyard and then listed it on AirBnb, making enough money to pay her mortgage.

Kristina revealed that she was able to purchase the tiny house with financial resources, saying that the price includes delivery costs, a small terrace, a refrigerator, a microwave, a stove, connections for a washing machine and dryer, and heating and heating. air conditioning.

“This particular model has a lot of light, a small bedroom and a… Nice loft of size,” she said in a video on her TikTok channel.

Once the house was completed, Kristina had to pay for plumbing and electrical work, a washing machine and furniture.

“We decorated it really cute and then put it on AirBnb,” she said.

Kristina revealed that she earns around £2,700 a month from the AirBnb, which is not only enough to pay off her mortgage but also covers some of the cash flow for expenses.

Kristina’s (@openhuisonderwijs) video has probably left a lot of people impressed as it has been viewed a whopping 8.7 million times on the video sharing platform.

TikTok users rushed to the video’s comments section to share their thoughts.

One person said: “Genius!! If I had the land I would do it too.”

A second person said: “I love that you’re getting your mortgage paid, go girl!”

A third person said: “I want to live in a small house.”

Living in a tiny house is a great way to save money for a house while still being independent.

As the cost of living crisis continues to weigh, more and more adults are struggling to get onto the property ladder and are opting to stay in their family home for longer.

The 2021 census showed that more than half of people aged 23 and under still live with their parents.

Frequently asked questions about Tiny Homes

The Tiny House movement started in the US before gaining popularity in Britain.

What is a tiny house?

Tiny houses are small, fully equipped living spaces designed to help you live a more sustainable, off-grid lifestyle. Although they vary in size and shape, small homes typically have a capacity between 150 and 500 square feet, are made of durable materials, and are easier (and cheaper) to maintain than traditional brick homes.

Are tiny houses legal in Britain?

As long as the small house does not exceed 19.8 x 6.7 meters, it is defined as a caravan in UK law. That is why tiny houses are classified as legal additional living space.

Can you get a mortgage for a tiny house?

The small size and relatively low cost of small homes means that they generally do not qualify for a mortgage. However, there are plenty of options for taking out a loan to finance your dreams of the perfect, portable home.

And the average down payment for a first-time buyer tripled from five per cent of the property price in 1989 to 15 per cent in 2019, research from the Resolution Foundation found.

This means buyers will have to save for much longer and use a greater percentage of their income to get onto the property ladder.

Recent research from property site Zoopla found that 42 per cent of adults under 40 who don’t yet own a home have given up due to the astronomical costs of buying a home.

This included 38 percent of people earning more than £60,000 (almost double the average salary for the UK).