Couple build their own house costing $33,000 to avoid paying mortgage (2024)

  • Couple Andrew and Gabriella Morrison want to downsize their home after growing tired of the rat race
  • Said they wanted to get rid of their large mortgage which their lives revolved around paying
  • Pair came up with the idea of a tiny home, which would be mortgage free but both stylish on the inside and out
  • The house cost just $22,000 to build and a further $11,000 to kit out with modern appliances
  • Mrs Morrison says they are now debt free and closer as a family in their new home

By Jennifer Newton

Published: | Updated:

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A couple who were tied to a large mortgage decided to downsize their home by creating their own tiny house on wheels costing just $33,000 (£19,600).

Andrew and Gabriella Morrison from Oregon were tired by the fact their lives revolved around monthly payments to the bank. So they decided to opt out of the rat race.

The pair both have backgrounds in construction and wanted a place that would feel like a real home, but more importantly be mortgage free.

And that's when they came up with the idea of hOMe, a tiny house on wheels, but which looks like a stylish abode both on the outside and in, and comes complete with high end appliances and furniture.

Mrs Morrison, 43, explained: 'It took us four months to build and cost $22,000 (£13,000), $33,000 (£19,600) if we include the high end appliances, cabinetry, furniture, and fixtures.

'We are now debt free, off grid, joyful, closer as a family, and enjoying living our lives full time in hOMe.'

Mrs Morrison adds that the house allows herself and husband Andrew, 41, to have a grown up living space, while daughter Terra, 14, has her own cabin nearby. The couple also have a 17-year-old son called Paiute who attends college.

As well as having no mortgage payments, their heating and cooling bills are significantly lower, due to the massive reduction in square footage to their home.

But because the home is built on a trailer, it is not recognised by building codes, meaning building permits are almost impossible to obtain.

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The exterior of the tiny house on wheels created by Oregon couple Gabriella and Andrew Morrison

Mrs Morrison says: 'We are now debt free, off grid, joyful, closer as a family, and enjoying living our lives full time in hOMe

The couple, pictured, wanted to downsize and created and designed the tiny house themselves, which ended up costing just $33,000

The entrance to the house, which even has a second storey; The interior cost the couple $11,000 to complete up to this standard

Not much to heat: Because their home is significantly smaller, the Morrisons' bills are much lower

The kitchen, complete with modern appliances and furniture, looks relatively spacious, but costs the couple a lot less to run

Despite being tiny, the home still has everything you would expect, including this comfortable bed (although the window is perhaps a bit small)

Mr Morrison relaxes with his guitar in his new lounge, which his wife says has brought them closer (literally) as a family

The home has been fitted out with all high end appliances, complete with space for storage of clothes and shoes and even has room for a fire

The house has regular facilities including a toilet and a shower so they never go wanting

The couple can sit here and work at their desk while enjoying the view of the Oregon countryside

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Dinner for two: The dining room may only be small, but there is enough room for the couple to eat dinner together

The Morrisons can begin their day with a shower in their bathroom, left, before eating breakfast at their modern breakfast bar, right

The couple's daughter Terra, 14, has her own cabin nearby, but often goes to stay at her parents' house


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Couple build their own house costing $33,000 to avoid paying mortgage (14)

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Couple build their own house costing $33,000 to avoid paying mortgage (2024)

FAQs

Couple build their own house costing $33,000 to avoid paying mortgage? ›

It comes in at $33,000 and this includes all the appliances. This small home was designed and built by a couple who wanted to be free of the burden of a mortgage and so built themselves a home so that they could live in Oregon on five acres of land that they own.

What are the disadvantages of building your own home? ›

Cons of Building a Home

Building a home can be a lengthy and expensive process. It requires careful planning, design, and construction, which can take months or even years to complete. This can also be a stressful process, as unforeseen issues can arise and delay the project.

How to build a house while paying a mortgage? ›

How to finance a home build with an existing mortgage
  1. Avoid taking out a conventional mortgage on your own.
  2. Instead, obtain a construction-to-permanent loan.
  3. Go with a lender that specializes in home building.
  4. Find a the right loan for your home build.
  5. Opt for an end-to-end solution.
Nov 30, 2023

Is building your own house a good idea? ›

The Bottom Line: Should You Build Or Buy A House? Building a new-construction home may be the only way to make your dreams of all custom features and total satisfaction a reality, but it involves a more expensive and time-consuming process than purchasing a house that's already been built.

What is the minimum FICO score for a construction loan? ›

Credit Score and Income Minimums

Additionally, don't make any large purchases in the months before you're going to apply for a construction loan. Most lenders typically want a minimal credit score of 680 for the loan to be considered, some want the score to be 720 or better.

Do you still pay a mortgage if you build a house? ›

You use a construction loan during the building phase and repay it once the construction is completed. You'll then have a regular mortgage to pay off, also known as the end loan. “Not all lenders offer a construction-to-permanent loan, which involves a single loan closing,” says Kaminski.

How do people afford to build a house? ›

A construction loan can be used to finance the construction of a home. You typically only pay interest during the construction period. The money is advanced incrementally during construction, as the building project progresses.

Is it cheaper to build a house if you do it yourself? ›

Acting as your own contractor is one way that you can save on costs. If you're able to do a lot of the work yourself, this can be one of the cheapest ways to build a house. That said, it might be wise to use subcontractors for some work if this is your first time building a house.

What are 3 advantages and disadvantages of owning your own home? ›

Added tax benefits
Pros of owning a homeCons of owning a home
Predictable, long-term expensesLong-term commitment
Better privacy and autonomyHigh homeownership costs
More living spaceMore difficulty relocating
Tax advantagesRisk of decreased home value
1 more row
May 20, 2024

How practical is it to build your own house? ›

In general, it's often cheaper to build a new home than to buy one, especially when considering long-term expenses and customization options. Working with a custom home builder allows you to tailor the project to your budget and preferences, potentially saving costs in the long run.

What are the disadvantages of inhouse? ›

Disadvantages of In-House
  • Higher Costs. The cost of hiring internal staff includes more than simply salary. There are numerous other expenses. ...
  • Factor of Time. These days, projects must be completed quickly; as a result, you must keep up with the market and maintain your competitiveness. ...
  • Lower Retention Rates.
Oct 8, 2023

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