Elon Musk Sold All His Mansions to Live in a Tiny House

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Elon Musk Sold All His Mansions to Live in a Tiny House

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If you look up billionaire houses online, you are most likely to see grand-scale mansions bigger than multiple homes in the neighborhood combined. However, Elon Musk, the CEO of two of the biggest companies worldwide, SpaceX and Tesla, shows otherwise.

Tiny homes are endorsed in the real estate industry primarily for their cost-effective qualities. The idea is that with a small house, you get everything you will ever need in your daily life for less cost than an average-sized residential unit. However, a tiny home is most than just an affordable housing option. It is not only for those who want to cut down on living expenses but for everyone who wants to live a minimal lifestyle. It is open to anyone, including even multibillionaires, such as Elon Musk.

Despite being renowned as one of the wealthiest men alive, he revealed that he lives in a $50,000 tiny home, Elon Musk’s tiny home is located in Boca Chica, Texas. He disclosed this information about his new primary house in a tweet he posted in June 2021. Why exactly would a man of his net worth choose a minimal lifestyle became a hot topic for many around the globe.

Table of Contents

Why Elon Musk Chose to Live in a Tiny Home
Inside Elon Musk’s Tiny Home
Benefits of Living in a Tiny Home
What it Means to Move into a Tiny Home
How Tiny Homes are taking over the Real Estate Industry

Why Elon Musk Chose to Live in a Tiny Home

Before the multibillionaire made the life-changing decision to move to a tiny home, he used to have a couple of mansions under his name. It was in May 2020 that Elon Musk decided to sell his properties and physical possessions, including, of course, every single house he owned. He then moved to Texas to live modestly in a tiny prefab homes worth $50,000 from Boxabl. Elon Musk’s tiny home came with special features, which required an extra $19,000, but the total cost is still far less than his previous properties.

As many would expect, Elon Musk’s tiny home was not built because he was cutting down on his expenses. According to the business magnate, it was one of his ways to lower his carbon footprint. It also shows his resolve to focus on his ambition to take humankind to Mars, the very purpose surrounding his reason for founding SpaceX. While a modest lifestyle may not be what one would expect from a man with a net worth going for hundreds of billions, Elon Musk claims that he finds it awesome himself.

Inside Elon Musk’s Tiny Home

Elon Musk’s tiny home is the Boxabl Casita, a 375 square feet-wide prefabricated Accessory Dwelling Unit or ADU. It has one sleeping area with a queen-size bed, a living room, and a dining space. Its full-size kitchen comes complete with a sink, cabinets, and appliances like an oven, dishwasher, microwave, and refrigerator. Meanwhile, its bathroom has a deep shower and bathtub, toilet, large counter, vessel sink, and even a backlit mirror. Elon Musk’s tiny home is even designed with insulation technology and LED lighting, which helps minimize utility bills.

Benefits of Living in a Tiny Home

Prehab houses like Elon Musk’s tiny home follow the modular building method. This means the construction was separated into different sections called modules inside a factory, where the environmental conditions are controlled. These are then assembled and shipped to their destination. Once there, a certified and state-licensed installer takes over the job of setting up the house. This building method comes with numerous benefits for the homeowner.

Elon Musk’s tiny home only took an hour to build. This is the advantage of prefab houses. Unlike constructing a mansion or even just an average-sized home, the process does not take long to finish. It even solves the issue with environmental conditions, like how the construction has to be suspended because of the extreme weather. With a modular home, your dream house will be delivered and unboxed right in front of your eyes in only a short span of time.

What it Means to Move into a Tiny Home

The experience of moving into a small house is not the same for everyone else. While it could be beneficial, it also comes with several difficulties. After all, due to the limited space, you may not have enough room for all your possessions. Like in Elon Musk’s case, living in a tiny home may require you to let go of some of your properties. Basically, you have to be dedicated to transitioning to a minimal and modest lifestyle.

loft house

How Tiny Homes are taking over the Real Estate Industry

Small houses have been steadily gaining attention for the past few years. It had been going on long before news about Elon Musk’s tiny home became known to the public. Due to the affordability and convenience it brings, it is no wonder why that is the case. However, some people also live in small houses simply because they want to live a modest life, much like Elon Musk’s purpose for doing the same.

Elon Musk’s tiny home is only one of the many small houses around the world. People build one for various reasons, and these structures come in different sizes, shapes, and layouts. Some construction companies would even allow you to create your own design and be involved in the building process. Besides the limited habitable space, Elon Musk’s tiny home does not have much difference from an average-sized house. It can sustain your daily lifestyle, and you can even reduce your bills and carbon footprint.

While tiny homes indeed provide affordable and efficient housing, it is not necessarily only for those looking for houses on a budget. The simple and minimal lifestyle it brings may just be a haven for those overwhelmed by everything in life. Besides, it comes with numerous benefits on its own, which is why it is no wonder more and more people are giving attention to the tiny home industry.

If you are also considering moving into a tiny home, let Small House Solutions accompany you on your journey. Let the team help you design your dream house and turn your ideas into reality. From single-family residences to ADUs, tiny houses on wheels, and park model homes, they have your back. Book a free consultation service with Small House Solutions now.

Accessory Dwelling Units / ADU’s