I was tired of paying a mortgage, so I rented out my house and built a small house
A WOMAN has revealed she is now completely rent and mortgage free after moving out of her home and into a tiny 300 sq ft house.
Precious Price, 26, felt her three-bedroom house was too big for her so she spent £27,000 building a small house in her back garden.
Because she travels a lot for her work as a consultant, she already rented out her house a lot and used that money to pay for the small house.
“I financed it through my credit cards, in addition to cashing out some of the stock I had from my 9-5,” she said. CNBC.
Once the tiny house was built, Precious moved in and says she is a big fan of tiny house living.
“If I were to describe my house to someone who has never been here, I would literally describe it as a studio apartment,” she said.
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As soon as you walk through the door of Precious’s house, you enter the dining room/living room.
“I would describe the house as very light, airy and open,” she said.
“I made sure to add a ton of windows just to open up the space.”
She also added many mirrors to the space to make it appear larger.
Precious said her favorite part of the tiny house is the kitchen, adding that people are often surprised to find it has a full-size refrigerator.
The kitchen also has an induction hob, a large sink and plenty of counter space.
Opposite the kitchen is Precious’s bathroom, which has large glass shower doors.
“It was imperative for me to put glass doors here just because it opens up the space,” she said.
Precious sleeps on the mezzanine floor of the small house, accessible by a ladder.
However, the space is very small, meaning Precious can only lie down and lie down sleep there.
“I would love it if there was a little more room for me to at least sit up,” she said.
Precious said the tiny house is completely separate from her main home, meaning the guests who rent it out can have complete privacy.
She added that the money she makes from renting out her home pays off her mortgage, while also giving her some extra cash.
Each of her bedrooms is rented out separately and she charges an average of £800 per room.
“Putting a structure in your backyard opens up a lot of options, like renting it out like I did,” she said.
Precious also plans to build a guesthouse on the side of her main home in the city futureallowing her to generate even more income.