Published at Tuesday, May 01st, 2018 - 17:18:59 PM. . By Luisella Alfonsina.
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
Leftover lots in existing neighborhoods are often compact but can be good investments for building a new home on spec if you find a plan that suits the particular constraints of the site. Some designs to get you thinking might include 2 bedroom 2 bath Craftsman Plan 479-10, at the top of this post, which is 28 feet square and fits a corner location; and 4 bedroom 2.5 bath.
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