Friday, November 13, 2009
Sunday, November 8, 2009
I am moving up in the world. I decided to send back the shipping container I have been renting and buy a shed. It is the first thing I have put on a credit card in years, but the monthly payments will be less than what I have been paying to rent a shipping container, and in a couple of years, I will own it. In fact, 88% of my monthly payment will go towards ownership. With the shipping container rental, only 0% went towards ownership. So technically I am not debt free anymore, but my situation is better and my monthly expenses a bit less.
When living in small spaces, it is important to think in cubic feet, rather than square feet. Believe it or not, inside this tiny shed I have an office, a kitchen, a sitting area, and a bedroom. Bunk beds, shelves, stackable containers, etc help to make the space more functional.
I was debating between purchasing a used shipping container or this shed. The shipping container is larger, more durable, and provides a 2nd life for used material, but the shed won because it is more suitable for living in temporarily and the angled roof also has potential for water catchment and solar panel installation. I was also considering building one myself, but I have never built a shed and I needed something fast. Since I will be using the shed for water catchment, I was able to claim a tax exemption, saving me about $200.
The dome will be twice as big, and when I am able to move into it, the shed will be used as a guesthouse and storage area.