The obvious truth is that different housing option are created for different people. Not everyone is meant to live in an apartment in an urban environment, nor would everyone be well-suited for a farmhouse in the middle of a plot of land with no neighbors for as far as the eye can see. This is what makes the world go ’round. “Different strokes for different folks,” so the cliche goes. So when it comes to container homes in Dallas, Texas, who is the ideal tenant?
James Davis of Econo Cribs reports that there is a large market for those looking for investment properties who are interested in container homes. A container home can run between $35,000-40,000, all-inclusive with the utilities installed. Savvy investors can buy these homes and then rent them out for $450-500 per month. Comparatively, you can buy a 1,500 square foot home for $130,000 and rent it out for $800 per month. If you’re an investor then the choice is obvious when you consider the return on your investment.
In light of the countless foreclosures in the Dallas marketplace, there’s a major market for people wanting to rent homes because they lost their own houses. But rental property is scarce in the area. Unless you want to live in a mobile home, there isn’t much out there, Davis insists. Plus, nobody is building houses right now because the market is very tight. There are so many houses out there, and the real estate market is already flooded with repossessed homes. Containers homes provide another outlet for people who need housing after having left their own homes due to financial hardship or otherwise.
Of course, any traditional home that you rent is going to be bigger than a container home. But if you’re going to be paying $700 to 800 per month for a home, then the potential tenant has to weigh, “Can I get by with a place for $400 to 500 per month?”
Another consideration is how many people will be living in the container home. It’s for a single person or a couple, at most, as there is only one bedroom. The bedroom space can fit a full-sized bed and an end table, plus there is a closet. But the container home doesn’t skimp on amenities, as there is a full bathroom with a full shower. Also, if you have a family and do need more room, then container homes can be stacked on top of each other or built next to each other to create a roomier space for you and your entourage.