Homes with 500 square feet may or may not officially be considered “tiny homes,” the term popularized by the growing minimalist trend, but they surely fit the bill regarding simple living. Homeowners interested in building this size home are commonly Millennials and are usually either one person who doesn’t require a great deal of space or a minimalist couple looking to reduce expenses and live without the extra clutter. Common Characteristics House plans for 500-square-foot homes typically include one-story properties with one bedroom or less. While most of these homes are either an open loft/studio format or have one bedroom,...