As I am about to graduate from college, I have been searching for places to live close to my future office in Dallas. Sifting through numerous pages of real estate, I have noticed a trend. There seem to be many town homes/single-family homes that have been renovated up for rent. Rather than building new homes, everyone and their dog seem to be remodeling the insides of their homes in order to attract new tenants. I find that this is a very effective strategy, because the prices of these town homes are still cheaper than brand new houses and apartments.

Here are some examples of renovated homes similar to what I have seen in Dallas: http://www.houzz.com/house-renovations-before-and-after