Aug 29

Good Single-Family Rental

Good Single-Family Rental

Good Single-Family Rental

Good Single-Family Rental

 

The share of single-family rentals is growing, and more builders are jumping in to build a home that can be rented out from the get-go.

But how are single-family rental homes different than your typical single-family home?

Single-family built-for-rent homes tend to be smaller than their for-sale counterparts. The median square footage of a single-family built-for-rent home was about 1,500 square feet in 2016, which is significantly smaller than the 2,419 median square feet for other new-home builds, according to the National Association of Home Builders. Eighty percent of single-family homes built for rent are under 2,000 square feet.

Some additional characteristics noted on NAHB’s Eye on Housing blog of single-family built-for-rent homes are:

  • They tend to have fewer bedrooms and bathrooms. Twenty percent of SFBFR homes had just one full bathroom compared to less than 1% of for-sale homes.
  • They are more likely to be a single-story building.
  • They are seven times more likely to be a townhouse.
  • They are more common on a smaller lot.
  • They are more likely to have a vinyl siding exterior and less likely to have stucco.
  • They are more likely to have one-car garage or no garage.

The highest share of single-family homes built-for-rent are located in the West South Central Census division—Texas, Oklahoma, Arkansas, and Louisiana, NAHB reports.

 

Source:
“Contrasting Built-for-Rent and For-Sale New Single-Family Homes,” National Association of Home Builders’ Eye on Housing blog (Aug. 21, 2019)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.