This month when I picked up the rent check from the people that live in my container house I realized that I'd reached break even on my project. They pay $850.00 (usd) a month and I have been cashing a check for that amount every month for the last three years. My total cost to build that house was $30,000 and change. From here on out, excluding whatever maintenance costs may come up, I will be making money.
Aside from the other benefits of building green housing, container built residential construction makes money, fast. Amortizing the total cost of an investment over a three year period is very fast. Where else are you going to double your investment capital in three years? And that house isn't going anywhere. I'll continue to cash rent checks every month from that property for years to come. Building green has been the best investment I have ever made.
And this has happened during the worst recession in history. Sure I live in an area that has good rental rates but the truth of the matter is that because of low project cost I have been able to set my rents in the low end of the available housing market. This guaranties that I will always have renters lining up to live in the home I've built.
I challenge you to look around the rental market in the area that you live in and see if you can't make a little money for your family too.
Monday, March 21, 2011
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