Tiny homes are all the rage these days, but are they right for retirees? It’s easy to assume the answer is no. The idea of spending retirement in a house the size of a backyard shed can take the luster out of “golden years.”

But a tiny home can be a good choice for some retirees. For starters, it’s cheap compared to a traditional house. Utility costs are lower, and you should be able to afford one outright. That means retiring mortgage-free. Tiny homes are also easier to maintain. You’ll spend less time cleaning and more time relaxing.

If you do choose to go the tiny-home route, it’s important to pick one with retiree-friendly features. Insist on a bed on the main level – no steps or ladders to sleeping lofts. Also opt for a full bath, ideally with grab bars and a wide shower. Storage should be easily accessible.

See more reason to retire in a tiny house .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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