More and more these days, people are making the big move to go small.

Tiny homes -- often measuring less than 400 square feet -- are all about downsizing, mobility, and living a simpler life.

“You can basically live in the middle of nowhere with something like this,” says tiny homeowner Peter Hipple.

What does it really take, though, to live in a tiny home?

“It took some getting used to,” says Hipple. He, like many, was intrigued by the idea of living on wheels -- energy-efficient and mortgage-free.

“I saw [tiny homes] online somewhere that I stumbled on, and I thought, 'Wow, what a concept,'” he says.

According to the National Association of Home Builders, at just 315 square feet, Peter's entire house is about the size of a living room in the average new home.

”You're just not gonna have the room,” says Hipple, “so you have to take everything you exactly need.”

Nearly every square inch of a tiny home is designed with a purpose, and adjusting to the tight quarters may take some time. However, it can be done.

“I've seen families up to four live in a [tiny home],” says Hipple.

But Hipple says if you want to do it right, don't just jump on the tiny home bandwagon.

“Make sure that you do your research and do your homework,” he says. “And make sure that living in a tiny house is for you.”

Peter says his biggest challenge transitioning from a traditional house into a tiny home was deciding what not to keep. He says if you can fill only one regular storage bin with your most important possessions, you can get an idea of what it’s like to live tiny.