Published at Monday, April 23rd, 2018 - 13:57:53 PM. . By Tordis Lovise.
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.
Modern Plan 497-19, which is 43 feet wide and 74 feet deep, with a great room and separate living room on the ground floor and could work in a mid-block location. So what does building on spec in such a situation entail? Designer Monika Strunk interviewed one of Houseplans.com's customers to find out.
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