Renting out part of a home on a short-term basis has become a strong trend in recent years. Some men and women have decided to buy a house for this purpose alone, and others are choosing to have a new one constructed for short-term rentals. Custom modular homes for sale in Ocean County, NJ can be ideal for this purpose. They generally cost less than a house of similar size constructed on the property. Before beginning this business venture, it’s essential to consider several factors.
Zoning
Before buying land, prospective property owners must verify that local zoning laws permit modular homes as well as short-term rentals listed by online platforms. Researching whether the city council has expressed concerns about these properties or initiated special meetings regarding the subject is essential for judging the likelihood of future restrictions.
Finances
If the goal is to cover the mortgage and property taxes with rental income, it’s crucial to account for the possibility the house may be vacant for several weeks in a row or even longer. Because a modular house is placed on a foundation, unlike a mobile home that rests on a trailer, financing the purchase with a regular mortgage should be no problem. There will be more options for homeowners insurance too.
Size
Custom modular homes for sale in Ocean County, NJ with three bedrooms and two bathrooms are affordable opportunities for short-term rentals. Clients might choose a ranch or Cape Cod style. With this amount of room, the place could be rented to small groups planning vacations. That generally allows owners to charge higher prices since each individual pays a share.
Visit http://zarrillihomes.com/ to learn about Zarrilli Homes.
