I live in a tiny house in my backyard – it's saved me thousands and I have everything I need | The Sun

THIS entrepreneur has said they have everything they need in their home, although the size of it has surprised some.

Not to mention, the real estate guru doesn't pay to live there after they built it.

Precious Price, 26, lives in Atlanta, Georgia for free alongside her dog in the mini-home that she built in the backyard of her other house.

It cost Price, who works in digital consulting along with real estate, $35,000 to build.

"I decided to build this tiny home because my house…felt too large for me," Price explained to CNBC.

She continued that after looking at the space of the backyard, it was possible to build a tiny home for her to live in instead.

To not lose money and even profit from the endeavor, Price then decided to rent out the larger house.

"I'll be able to move in [to the tiny home], and then I can fully rent this house out," Price noted.

The entrepreneur moved into the larger house in 2019 and purchased the entire property for $196,000.

Price then proceeded to rent it full-time as she explained that she had been traveling constantly for her consulting work.

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"I had the flexibility to rent it out Monday through Fridays," she said.

In October 2020, Price finally began the tiny home project, having to submit several permits for building, electrical, and plumbing to the city.

Fortunately, she had saved plenty of excess cash from renting out the primary home for about six months, and while the tiny house was being built, Price rented a room at her neighbor's.

After everything was finished, Price ended up going $10,000 over budget.

Nevertheless, in March 2021, the real estate guru had her little space, which sits at less than 300 square feet.

Price took responsibility for some of the "mistakes" that caused her to go over budget, but she quickly got those funds back by renting the tiny home out on Airbnb as she did with the primary house.

For two years, Price did short-term and then long-term rentals, which ended up getting her $32,000 back in funds.

Now, she's moved back into the tiny house completely to save money and live the tiny home life.

Price says the space is "light, airy, and open" and mimics a small studio apartment, and she even added windows and mirrors to make it feel bigger.

The digital consultant said she wanted to open up the space so she and those who stayed didn't "feel like you're in a shed."

The tiny home is equipped with a full bathroom, along with a small kitchen that has a full-sized fridge and sink.

According to Price, the only struggle is the loft bedroom, which can only be reachable by ladder, and has no room to sit or stand.

Ultimately, the real estate guru has made her money back from the build and still earns cash from renting out the primary space to pay for the $1,200 mortgage on the tiny home.

For more on homes, check out The U.S. Sun's coverage on the seven areas of your house that you're probably not spring cleaning, but you should be.

The U.S. Sun also has the story of a woman who lives in a van but claims it has a toilet, kitchen, and bed.


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