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9 Awesome Alternative Housing Ideas

Black and White Tiny Home in a Rural AreaOwning single-family rental properties doesn’t have to mean buying the standard Idaho Falls suburban home. Currently, there are more options than ever before for single-family rental property investors. By taking serious note of a few innovative alternative housing ideas, you may interestingly find 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. To cite an instance, boats’ costs commonly amount to less than traditional homes, which indicates a smaller initial investment. A houseboat can also be moved around to different locations, helping you to take advantage of the strongest markets. Many people dream of living on a boat, so with an excellent marketing system 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, in fact, are more affordable and have wider interiors. Some buses have more square footage than small studio apartments. Conceding that you may have to fund some restorations in the very beginning, it doesn’t take up a lot to turn a bus into a comfortable home.

3. Mobile Home

Despite a somewhat seedy reputation, mobile homes are, actually, very good options for investors. There are attractive, well-kept mobile home neighborhoods in plenty of locales around the country, many of which are in high demand. Buying and renting mobile homes will be a perfect way to expand or diversify your investment portfolio.

4. Tiny Homes

One other developing trend taking the real estate industry by storm is tiny homes. These pint-sized houses could be configured and built on existing land or placed on trailers for more mobility. One way or the other, they are relatively inexpensive to acquire and are very good options for countless tenants.

5. Prefabricated Cabins

Who says cabin kits are only for wilderness retreats? Inexpensive prefabricated cabins may be an immediate and inexpensive way to broaden your investing horizons. These cabins work especially well in picturesque settings with amazing backgrounds.

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 entail doing some alterations to modify it into a home for a full-time tenant. But, certainly, the novelty of living in a shipping container might help you attract tenants looking for less typical 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 setting up a treehouse as a rental. And identical to a tiny house, the initial investment will likely be much smaller than a more common, traditional property. But, really, a grown-up treehouse may charm and appeal to your tenants’ feelings of nostalgia, while even providing all the comforts you enjoy of home.

8. Silo Homes

For more rural locations, why not seriously consider buying a silo home? There is no limit to the country charm in a cute, small silo home. Old silos are relatively inexpensive, so finishing the interior won’t cost a fortune. Yes, in the long run, you could develop a sturdy bungalow that is perfect to rent.

9. Manufactured Home

Despite the fact that high-end manufactured homes can cost the same as a more traditional property, in several markets, they could still provide a low-cost alternative option. They are also typically simple to care for and really do have a clean, simple look that multiple tenants might be attracted to.

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 Southeast Idaho at 208-522-2400 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.