New house for rental property - small - medium - big
Hello everyone,
I got a lot from a builder and now I need to select the floor plan. My goal is to rent the house out and sell it in the future to make a profit on the appreciation.
There are eight floor plans that start out at 3 bed 2 baths at 1600 sq.ft to a 5 bed 3 bath at 2800 sq.ft. The prices start at 250k and go up to 320k. It seems in the neighborhood, the buyers are selecting the smaller to medium floor plan (1600 - 2000 sq.ft) rather than the bigger floor plans (2500 - 2800 sq.ft).
I have two questions:
1. From how easy it is to rent out, would the smaller the floor plan easier to rent out, or the bigger floor plan
2. From an appreciation, which would appreciate the most? The smaller floor plan or bigger floor plan.