Over the years, the housing landscape has witnessed a paradigm shift. Now, people would rather invest in experiences than in luxuries. Minimalism is the new aesthetic.
A new trend that has been seen emerging among the Millennials and Gen Zs is Micro Living. There is nothing more empowering than moving to a new city, starting a new life all by yourself, and finding a cozy room to stay in, with emphasis on the freedom and sustenance. More than a cool trend, the idea of micro living is based on a sustainable, minimalistic, and cost-effective way of living.

In case you’re new to micro living…
In contrast to standard houses or apartments, micro living involves compact living spaces. The entire concept revolves around a minimalist lifestyle that includes effective and innovative use of space, versatile furniture, a curated selection of only the most essential belongings, etc.

However, moving to a new city can be scary. You would be more focused on survival than thinking beyond the present. However, more than just a cozy place to stay, your micro apartment can be an investment opportunity too. Instead of spending a large portion of your monthly income on rent, you can think about financing your micro apartment.

What investing on micro apartment can looks like:
Financial Flexibility: 
The huge amount you’re wasting paying rent can now be used to pay the own and acquire ownership of the asset. Furthermore, micro spaces means less liability and greater financial stability and security.

Build wealth:
The idea of micro living and micro apartments is gaining more popularity and demand, and so will the property’s value. In the future, you can gain significant financial gains from it.

Tax Benefits: 
Under the provisions of the Income Tax Act, the government offers a range of home loan tax exemptions and deductions to encourage residents to make investments in property.

Now, there are a lot of options out there to avail easy home loans. For instance, reputed banks like Karnataka Bank offer a variety of housing loans catering to various needs, from buying to furnishing a home. Taking a loan for house construction or buying a constructed home can be a great investment for your future, especially since the idea of micro living is turning more heads.
Opting for micro living goes beyond cost-effectiveness; it fosters empowerment by instilling a sense of independence and self-sufficiency. Yet, as tempting and trendy as micro living may seem, it's not necessarily for everyone. Before committing to financing a micro living space, it is crucial to thoroughly evaluate how well it will fit into your long-term plans. And, if that’s what you really want, you will be opening the door to a truly magical living experience.