Owning single-family rental properties doesn’t have to mean buying the standard Christiansburg suburban home. Currently, there are more options than ever before for single-family rental property investors. By taking into serious consideration some of the most constructive and innovative alternative housing ideas, you could notably discover a new and profitable niche market for your investment business.
1. Houseboat
If you live near the waterfront, there are many advantages to owning a houseboat. By way of example, boats usually do cost less than traditional homes, which involves a smaller initial investment. A houseboat can also be conveniently moved to various locations, aiding you to take advantage of the strongest markets. Many people dream of living on a boat, so with the great marketing action plan finding a tenant might be much easier than you think.
2. Bus House
A growing trend in mobile living is the bus house. Retrofitted buses are similar to large RVs, but are generally much less expensive and do have bigger interior space. Some buses have more square footage than small studio apartments. Though you may have to go and fund for some improvements in its early days, it doesn’t need much to turn a bus into a comfortable home.
3. Mobile Home
Despite a somewhat seedy reputation, mobile homes are great options for investors. There are gorgeous, well-preserved mobile home neighborhoods in quite a lot of parts around the country, many of which are in high demand. Buying and renting mobile homes can thus be a terrific means to expand or diversify your investment portfolio.
4. Tiny Homes
Another new yet growing taking the real estate industry by storm is tiny homes. These pint-sized houses might be put together on existing land or placed on trailers for more mobility. Anyhow, they are relatively inexpensive to acquire and effective, wonderful options for several tenants.
5. Prefabricated Cabins
Who says cabin kits are only for wilderness retreats? Inexpensive prefabricated cabins may be a swift and cost-efficient way to broaden your investing horizons. These cabins do absolutely well in peaceful areas with fine, beautiful views.
6. Shipping Container Homes
Shipping containers are versatile structures that can quickly be renovated as a residential home. Similar to a bus or cabin kit, you’ll need to make a small number of improvements to transform it into a home for a full-time tenant. Also, the novelty of living in a shipping container might help you attract tenants on the lookout for less ordinary living arrangements.
7. Treehouse
Take living close to nature to a whole new level by investing in a treehouse. As an investor, you can let your creativity run wild by building and staging a treehouse as a rental. Similar to a tiny house, the initial investment will likely be much smaller than a more standard property. But, actually, a grown-up treehouse could quite draw in and appeal to your tenants’ sense of nostalgia, while indeed imparting all the comfortable features of a home.
8. Silo Homes
For more rural locations, why not try to possess a silo home? There is really no end to the country charm in a small and cute silo home. Old silos are relatively inexpensive, so finishing the interior won’t cost a fortune. Yes, in the end, you could build a sturdy bungalow that is perfect to rent.
9. Manufactured Home
Despite that high-end manufactured homes can cost the same as a more traditional property, in various markets, they can still impart a pocket-friendly alternative. They are also usually not difficult to keep and maintain and do have a clean, simple look that some tenants may consider inviting.
By thinking outside of the box, you might discover some of the most creative and profitable housing options available. Once you find the perfect rental homes, make sure to contact Real Property Management Insight at 540-998-6917 to find out about our flexible property management plans!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
