Published at Friday, April 27th, 2018 - 11:10:13 AM. . By Fernande Jeannette.
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.
To make the process move along as fast and inexpensively as possible Dean acted as his own contractor. He hired all the subs. "It is ideal to be your own contractor because most contractors are not on the same motivation line as you are. It's costing you money to have them sitting around." The architectural, engineering, and permitting process took about four months. Construction took about three and a half months.
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