The idea of building single family homes for rent (SFB2R) has been around for several years, but really started to gain attention towards the end of the Great Recession, fueled by consumers unable to pay the down payment for a home for sale. .
As with auto leasing, rental homes have experienced a period of stigma. But, like cars, SFB2R now fills a crucial gap in our housing supply. It is also becoming an option for baby boomers looking to downsize and for millennials not yet ready (or willing) to make long-term commitments.
This growing segment is also an opportunity for small builders to offer comfortable neighborhoods with a level of design indistinguishable from communities for sale. After all, this BMW in the driveway looks the same whether it’s leased or owned. Why should our rental neighborhoods be different?
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Detached and duo prototypes for hire
ARCHITECT: Jeff Addison, Kevin L. Crook Architect, 949.660.1587
DIMENSIONS:
Detached: Width: 50 feet / Depth: 28 feet / 896 square feet in total
Duo: Width: 76 feet / Depth: 28 feet / 1,400 total square feet
This single family built community for rent offers three types of residences based on lifestyle. One and two bedroom plans come together to create a duo, while a three bedroom plan is a stand-alone unit. All houses are accessible from a common paseo that connects to shared community facilities.
The exterior elevations provide a mid-century modern feel suitable for a southwestern desert community. With an estimated density of eight units per acre, this product line will work not only for renters, but buyers 55 and over as well.
Floor plans for all units include a large room facing out to a generous private backyard, a welcome convenience as over 60% of SFB2R renters have pets.
A A community of one-story houses
B Common Paseo
VS Duo
D Detached single-family unit
The Franklin
DESIGNERS: GMD Design Group, Scott gardner, 919.320.3022
Donnie McGrath, 770.375.7351
DIMENSIONS: Width: 40 feet / Depth: 74 feet / Living area: 2,063 sqft
This example of a single family home for rent aimed at high-end buyers includes features that are typically found in high-end homes for sale. All homes offer one level living, covered outdoor living space to the rear, gourmet kitchen with scullery, and one level pantry, all amenities you would never expect in a rental home.
A entrance porch
B Large attached garage for two cars
VS Entrance hall with adjacent office / office
D Family entrance to the garage with drop zone
E Gourmet kitchen with utility room and walk-in pantry
F Secondary bedroom wing, separate from the master suite
g Open concept living room, dining room and kitchen, with abundant natural light
H Main bathroom with separate vanities and large walk-in closet
I Large master bedroom
J Covered outdoor living space at the back
Charleston Park
ARCHITECT: Donald F. Evans, AIA, The Evans group, 407.650.8770
DIMENSIONS: Width: 30 feet / Depth: 77 feet, 8 inches / Living area: 1,581 sf
A Clubs and swimming pools
B Parks
VS Waterways
Floor plan
D Foyer
E Gourmet kitchen with large island
F Dining room / living room
g Owner’s suite
H Secondary rooms
The Charlette
ARCHITECT: Todd Hallett, AIA, Design of traditional and associated knowledge, 248.446.960
DIMENSIONS: Width: 35 feet / Depth: 56 feet / Living area: 1,400 sf
The key to homes for rent is to create an efficient, lean design that is efficient but also offers many of the amenities that you will find in homes for sale, including single story living, an open floor plan, outdoor living possibilities and recessed garages.
A Single story living creates opportunity for a wide range of tenants
B Open floor plan with interconnected spaces makes the house look bigger than it is
VS Long views from the foyer bring in the outdoors
D Efficient outdoor living is created by “filling in the square”
E The built-in garage reduces the presence of the automobile
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