Everyone loves having some extra money. Consider looking at our house plans for rental income to invest in property and get additional cash in your pocket each month! Once you have a rentable property, it’ll earn money without you hardly having to lift a finger. Let us show you how easy it is to make this dream come true.
Many people are wary of becoming a landlord or owning rental property. Isn’t that only for the extremely wealthy? Won’t it take a lot of time and effort? What about the cost of building multiple residences? Well, have no fear! If you consider these simple features and facts about choosing the best house plans for rental income, then you too can benefit from having investment property.
1,625 Square Foot, 3 Bed, 2 Bath Lake Cottage
Rental properties are not just for the very wealthy. We have home plans to fit any budget, style, location, or size. In fact, with our thousands of designs to choose from, we have a home for everyone’s needs. Whether you need a primary residence with a guest house, or you’d like a vacation home to rent out when you aren’t there, we have options! Just let us know how we can help make it a reality for you and your family.
Adding an In-Law Suite, Apartment, or Guest House
In-Law Suites
Sometimes the easiest way to earn rental income is from within your own home, by embracing features that many plans already include. If that sounds good to you, we recommend starting your search with our plans with in-law suites. They come in homes of all sizes!
These spaces are often private and come complete with all the amenities, perfect for all sorts of inhabitants. Some of our options, like THD-8706 (below), include space completely set apart from the main house; in this case, it’s over the detached garage. A design such as this is perfect for keeping family close or bringing in a renter to help pay for the mortgage!
4,034 Square Foot, 5 Bed, 5.1 Bath Narrow Farmhouse + Studio
We see a lot of house plans for rental income with guest suites like this in areas around colleges and universities. Graduate or professional students often look for affordable places to live by themselves, without the cost and hassle of apartment buildings. Having a guest suite ready to go is a win-win for both parties. They get housing, and you get supplemental income.
Guest Houses
You can also consider adding a guest house to any home. They make an economical decision for many who want to make more use of the land they already have. We highly recommend exploring our detached garage plans, many of which include apartments. You may also benefit from a tiny home if your lot allows for an accessory dwelling unit (ADU).
3 Car Garage with a 938 Square Foot Apartment
312 Square Foot, 1 Bed, 1 Bath Modern Plan
Basement Apartments
Finally, another option to explore when considering house plans for rental income is the basement. A home like THD-1974 (below) would be easy because it already has a bedroom, bathroom, and living space with a wet bar downstairs. Just install a door to close off these spaces from the mudroom entrance and stairs and you have an apartment!
Remember to find a home that works for your needs first. A plain basement allows you to creatively add whatever kind of rental suite you’d like later, so don’t get hung up trying to find a house that checks all of your very specific boxes. We can help customize any of our plans to meet your exact desires!
4,301 Square Foot, 5 Bed, 4.1 Bath Contemporary Design
Vacation Homes Earn Year-Round Income
If you have a favorite vacation destination, jump in and build a home there! With the housing market booming, vacation home plans are in high demand, and for good reason. You’ll find gorgeous homes with us whether you want a beachfront oasis or a mountainside retreat. And did you know that your vacation plan can actually help pay for itself?
That’s right! By building a home in a vacation destination, you can benefit from your property even when you aren’t around. Just think about that stream of income from people who also want to enjoy vacationing there!
Consider some of these favorite vacation home plans. Think about how each one is perfect in its own way at generating rental income and offering a relaxing retreat for you, your family, and your guests. For example, some include multiple master suites so everybody gets plenty of privacy!
Tiny Homes Offer Huge Potential
Be sure to consider tiny homes for vacation destinations, too. What these plans lack in size, they make up for in their big personalities and unmatched adaptability! Plus, they can easily generate tons of rent from people looking to enjoy a simple getaway.
Our tiny homes have many of the same amenities that larger plans have. They’re just downsized with an emphasis on efficiency, so they’re affordable to build and easy to upkeep! Consider the earning potential of adding a tiny home or two on a lot, especially if you have acreage. This could serve as anything from a weekend vacation destination to home for long-term renters who want some space of their own. Whatever the case, it’s extra money in your pocket!
681 Square Foot, 2 Bed, 2.0 Bath Cabin
THD-3134 (above) is a super flexible tiny home that we absolutely love. Simple and easy to build, you can have a cabin that earns rental income in no time!
No matter your budget or location, we have so many options for house plans for rental income. We hope that this has been some inspiration for your journey… Happy hunting!
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Christine Cooney
Christine has over a decade of experience as a house plan and floor plan expert. Outside of providing her expertise to customers to help them find and build their dream homes, her passion and knowledge of the home building industry allows Christine to guide families and builders through all of the important steps from finding plans to building custom homes that meet the expectations of today’s new home owner. Christine’s years of knowledge of the diverse trends and needs of the modern homeowner has made her into an authoritative and trusted voice in the online house plan community.