In a recent article, we discussed how tiny houses are all the rage with millennials and how they’re saying no big houses and big debt. But the tiny house movement isn’t just about millennials. Tiny houses have a broad appeal across age groups. One of the fastest growing segments is retiring baby boomers.
Roughly 10,000 baby boomers retire each day in the United States. Because baby boomers comprise such a large segment of the population, many baby boomers worry about the long-term viability of pensions, retirement plans and social security. This has caused some baby boomers to see tiny houses as a practical, frugal way to make their retirement accounts last in to ripe old age.
Many baby boomers are also looking to simplify their lives. Their children are grown and gone and in many cases their grandchildren are grown too. So, they just don’t need as much as space as they used to. Some baby boomers view a tiny house as easier too care for than a house, but providing more privacy than a condominium.
If you are a baby boomer and you’re considering taking the plunge and going tiny, here are a few things to consider:
- Accessibility – tiny houses can be a great solution for many aging baby boomers, but they aren’t perfect for everyone. The confined space of a tiny house may not be ideal for someone who needs or may need the use of a wheelchair or walker.
- Stairs – many tiny house designs call for a sleeping loft. That’s great when you’re in your 20’s, but stairs and ladders can be difficult to negotiate as you get older. There are some great designs that are all on one level if this is a great concern.
- Parking – finding a place to park your tiny house can be tough. It can be even more difficult if you require it to be parked on flat, level, paved ground to allow for the less sure-footed.
- Low maintenance is not no maintenance – one of the great things about tiny houses is they can be a lot less maintenance than caring for a large McMansion. But that doesn’t mean that there aren’t a host of things that will require upkeep. Dealing with a composting toilet can be a hassle for some older folks.
- Flexibility – if, at some point, you need to move in with someone to care for you, or you have to go to assisted living, tiny houses can be a little harder to sell than a full-sized house.
Even with all of these potential issues, tiny houses can be a great choice for baby boomers. Tiny houses can represent a retirement filled with independence and financial freedom. In fact, tiny house retirement communities are popping up all over the country. Are you a baby boomer who’s gone tiny? We’d love to hear from you!