Short-Term Housing Options While You Are Building Your New Home
Some of the new home building clients that we work with come to us with questions about where other clients live while they’re building. This can vary from situation to situation, but we wanted to take a minute to cover the options that some of our clients have used in the past.
What Are Short-Term Or Temporary Housing Options While You Are Building Your Own House?
If you are selling your existing home before the construction process is complete, you can explore the rent-back option from the new homeowners.
How does a rent-back option work? Basically, when closing the sale of your current home before your new home is ready for move-in, you can request a rent-back option from the new buyers. This arrangement does need to be spelled out in writing and very detailed on the amount(s) of rent per day, how long the rental term will be, and other details, such as if the seller needs to maintain their existing homeowner’s insurance during the rent-back period.
Staying With Friends Or Family
Depending on the length of time needed and how willing your friends or family are, you may be able to stay in someone else’s home while you are finishing your build. This can sometimes be tricky, however, if you have kids and/or pets!
A Hotel Or Extended Stay Hotel
Another option may be to use a hotel or an extended stay hotel. Extended stay hotels generally include a kitchenette and on-site laundry facilities, and most are fully furnished. You can generally lease an extended stay hotel for 30 days or more to receive a larger discount.
An Off-Season Vacation Home
Depending on where you live or are moving to, you may be able to find an off-season vacation home at very reasonable rates for an extended stay (one to three months) while you are building your own house. These generally come furnished so you can keep the majority of your things in storage and won’t have the hassle of needing to move in to one place and move back out again in a short while.
Some apartment communities offer short-term leasing options. A quick Google search or some phone calls to area apartments should turn up some options for you.
In some areas of the country, sublets are available for short-term rentals while you are building your own house. The renter on the lease may be looking for someone to cover the last few months of their own lease or a few months while they travel, but not necessarily sign on for a long-term one of their own.
These are just some of the options that clients have used for temporary housing and there are certainly some very creative ideas out there!
At Homestead Homes, we have been helping people design and build their dream homes since 1995. We provide you with a road map and our expertise; and let you make all the decisions from there. We are currently building throughout the Midwest in Colorado, South Dakota, Nebraska, & Iowa. We would love to help you today in achieving your dream of building a home yourself. Contact us for more information!