Why Are Rent Homes 1500 Square Foot? 

Today, I was working on a turn over of a property and wanted to address something that many noob investors question - why rent homes are only 1500 sqft on average?  Well, there are many reasons but the first one that comes to mind is because of the time it takes to revamp a home into move-in condition.

For example - if you have a 2800 sqft house with 5 bedrooms and 3 baths, this can essentially be near equivalent to reletting 2 1400 sqft houses with 2-3 bedrooms and 1.5 baths a piece.  As you can see from this example alone, the time to revamp the 2800 sqft rental is just as time intensive and expensive as is revamping 2 smaller houses.

Additionally.  It has been proven that most families rent in the 700-1000.00 dollar range.  If you have a bread and butter 3 bedroom, 2 bath, 1500 sqft house, your probably going to be within this price range, however, if its 2500 sqft or more, your most likely outside the range of most renters.

So, next time your looking for investments - remember, bigger is not always better.