Yeah, you read that right, we found four homes you can buy on the Home Depot website for $25,000 or less. These models will meet all your needs, whether as a main single-family home, guest house, ADU (Accessory Dwelling Unit), Airbnb vacation rental, in-law suite, tiny/micro house, multigenerational unit, investment property, or work-from-home office. However, these are just steel frames for the house, and every one of these houses will come like the picture below.
Photo from Home Depot website
When purchasing one of these frames, you must provide the land, foundation, walls, roof, furnishing, plumbing, electrical, etc. The photos on the Home Depot website show you what the home could look like. Additionally, because these are tiny spaces, you could have a complete house for under $100,000, so while it's not a full home, it’s a better deal. The median home sales price in quarter one of 2024 was over $420,000, which is much more than one of these tiny houses. If you decide to purchase this frame, you must consider the property regulations for your area to see if they allow a structure like this. With all that in mind, let’s check out these houses.
California Studio: 1 Bath, 240 sq. ft.
Photos from Home Depot website
The first home frame is a 240-square-foot California studio priced at $19,000. If you pay it off in six months, your monthly payment would be approximately $3,100 with no interest, making it much cheaper than a 30-year mortgage. This house would be perfect for a rental like an Airbnb, giving guests a comfortable space away from home. Again, these houses come as steel frames, so these images are what these houses could look like once complete and laid out.
Dallas Studio: 96 sq. ft.
Photos from Home Depot website
This next one is $19,997 and is 96 sq. ft. This frame will cost you $3,333 per month to be paid off in six months. A 96-square-foot space is tiny but versatile, making it easy to install behind your property. It could be used for a shed, pool cabana, creative studio, or man cave. You could rent this space as an office, making this tiny studio a profitable investment. Also, this model falls below the size requirement of 100 to 120ft for most City or County building departments, so you may not need a permit.
Chill Out: 1 Bed, 1 Bath, 305 sq. ft.
Photos from the Home Depot website
This house frame is $23,000 with 305 sq. ft. of space, making it easy to fit a bed, bath, and kitchen. If you financed it over six months, you would pay $3,834 per month to pay it off. Complete tiny homes like this are great to put in your backyard to rent out, but you must ensure you’re allowed to have it. If you live in a Homeowners Association (HOA), then you have to double-check that these houses comply with their laws and regulations.
Getaway Pad: 1 Bed, 1.5 Bath, 325 sq. ft.
Photos from the Home Depot website
The final home is $24,249. You would pay roughly $4,042, and it will be paid off in six months with no interest. This home offers a lot, featuring 325 sq. ft. of space, a full bed, bath, kitchen, and a rooftop terrace. This space offers more versatility than any of the other frames.
Final Thoughts
These houses are great investments with a wide variety of uses, whether personal spaces, backyard houses, or rental properties. Keep in mind that you’ll only get the steel frame when purchasing these houses and have to provide the foundation, walls, roof, doors, windows, etc., so the total expenses would be more than the listing price on the Home Depot website. However, this leaves a lot of room for creativity and customization and it’s much more affordable.
Freebies
Free Out of State Investing Training- https://www.outofstatemoney.com/
8 Steps to Buying Out of State- https://www.outofstatemoney.com/long-distance-investing-guide
The Remote Landlord’s Toolkit- https://www.outofstatemoney.com/remotelandlordtoolkit
The Creative Financing Playbook- https://www.outofstatemoney.com/creativefinancingplaybook