Man Struggles To Buy His Own Home, Builds Tiny Home From Scratch Watching Youtube Videos
By Mike-Ross
We have an inspiring story about one man whose dream to own his own home turned into a project that surpassed anything he ever thought would happen.
Jason Miles was spending almost $1,000 each month to live and rent a 600-square-foot basement apartment in Nashville, Tennessee.
In the past 6 years, the cost of living had increased around 70 percent, from $872 to $1242, as the Tennesseean reports. Looking to be more financial conscious, he thought it was time for him to buy a house.
However, the process of trying to find a sufficient home in the financial range was very frustrating for Miles.
“I spent all of 2015 perusing listings and going to open houses, only to have the homes that were in my price range snapped up by other buyers the day they came onto the market, or, in many cases, before the homes were even officially for sale,” he told Country Living.
Experian reports that Americans believe homeownership isn't as affordable as it once was, however Miles didn’t let that end his dream of one day becoming his own homeowner.
“As a native of Nashville, a lifelong resident born and bred here, I’m somewhat of a unicorn,” he explains. “Nearly a hundred people a day move to my city, and most come from other parts of the country where the cost of living is higher. Many come here with lucrative job offers in hand. Needless to say, they’re bringing equity with them and can (usually) easily afford housing. For those of us who’ve been here a while, however, it’s not so simple.”
So, he came up with a clever idea: He would build his own home. This tiny home would be bigger than his existing apartment but could accommodate his 6′ 4″ frame.
Miles set out to build an 800-square-foot structure on a foundation so it wouldn’t depreciate in value like a car or RV if the tiny home was on wheels.
He used a plan for a storage barn so that it would have tall ceilings that would make the home feel larger.
He basically learned how to build his home from watching YouTube videos and would work on his home after he got home from work at 5 p.m. until 11 p.m. and 18 hours a day on Saturday and Sunday.
“My home is definitely a labor of love that took a lot of blood, sweat, and tears,” he explains.
Now Miles is saving about $300 per month in rent and $20,000 in interest on the plot of land he bought by buying a 15-year mortgage instead of a 30-year mortgage.
His home has been appraised at $40,000 which is higher than what he paid for it. So, he’s already winning and has an adorable little set-up of his own.
His home includes a large loft bedroom, bathroom, a full kitchen, a table to eat at, a living room, and a space to keep his musical equipment and play. You can get the full scoop on Miles’ tiny home building journey here.
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