What to look for in a house for rent

What to look for in a house for rent

When you are thinking about renting a house there are a number of things you need to look out for. If you plan to rent for a long period, then you want a space that you feel comfortable with, that you can afford and that ticks all the boxes regarding cleanliness, standard, and comfort. To achieve all of these requirements, a rental property must, therefore, offer more than just a clean, comfortable living space for you and your family.It is all ways good to go to a Realtor.

Here are a few things that you should consider

The Standard of the House

When choosing the perfect rental property.

Upon inspection of the property look closely past the decor and the initial look of the house to check for the real condition of the property. It is easy for landlords to paint over mold, hide cracks and generally make the place look perfect with the right decor.

But you want to find out if the house is going to cause you trouble in the long run. You do not want to get into a lease agreement with a house that could potentially have big problems, causing you to spend time, money and stress.

  •  Access to the House
  • Garden Space
  • Facilities

2222lkjuIf it is important for you to have your own private access to the house and a space for your kids to run around and enjoy their new home, then you might want to narrow down your selection to a house that offers a large garden to the rear or the front depending on your preferences.

It is also a good idea to ask your landlord what is provided with the house. You can save yourself a lot of money if the house comes furnished with a lot of facilities.

 Energy Efficient

One important aspect to look out for is the energy efficient rate. By law, every house should have one and your landlord must supply you with it if you ask for one. This will show you how much you could expect to pay for the gas and heating when you eventually rent the property. A house that has poor energy efficiency could end up costing you a lot more than you bargained for.

 Local area & Amenities

This is another important aspect that is often overlooked when looking for a house to rent. But it is very important for a reason. You will not settle into a house or an area if it is simply too difficult to get around, the local shop is a long distance away, or the area has a lack of parks and good public transport.

You will pay the price in the end if you make a bad decision on this one. Imagine the cost of car fuel for always having to drive long journeys, or the hassle to get your shopping back home from the grocery store if you don’t have a car. Think about this one strategically before making a decision on renting a house.

3333lkjSo if you have ever questioned what to look for in a house for rent you answer is plain and simply. A whole range of things! Act smart, look beyond the decor that can always be changed, think green energy, green parks and green lights for public …

THE IMPORTANCE OF PROPERTY MANAGERS

THE IMPORTANCE OF PROPERTY MANAGERS

How can a property manager help you grow your investment?

This is a nagging question in the minds of many real estate owners. Most people know about the existence of property managers but do not know the importance of hiring one. A City Property Management is a person assigned the duty of handling the daily operations of a real estate establishment.

Responsibilities

Their responsibilities vary depending on their salary and the terms of their management contract. An experienced and the qualified property manager will give you an invaluable advantage over your competitors while at the same time help you grow your portfolio. This, however, might be the biggest decision you’ll make as a landlord.

Real Estate companies

2222kjhMost seasoned companies have found out that a property manager is a real gem. Managers deal directly with tenants and prospects which save the landlord’s time and the risk of worrying about marketing their houses, addressing tenant’s complaints and following up on evictions. Most landlords prefer managing their properties on their own. However, sometimes a landlord may need more help. This is where a property manager comes in handy.

Basically, a good management company will give you a peace of mind that comes with the knowledge that your business is in safe hands. A property manager is an independent contractor who helps you avoid the hassles of being an employer. Although hiring a property manager may be expensive, there are many factors that far outweigh the disadvantages. Below are ways in which a property manager can help you grow your investment:

  •  Arranging for your company to have the best insurance policy
  •  Identifying and keeping the best quality of tenants
  •  Making sure that your vacancy rate is at the minimum
  • Building an excellent rapport with your tenant

Additionally, a good property manager will identify the benefits and disadvantages of your property and make proper recommendations to you. This will help you enhance the appeal of your property to potential renters. This will, in turn, increase the rental returns. Since this is their specialty, property managers can improve and prepare your property for incoming tenants by overseeing cosmetic improvements on the property.

Real Estate

3333lkjGrowing your investment can be tricky for a landlord, but an experienced manager can get high-quality tenants by quickly digging for the real facts about candidates and analyzing them for warning signs. Some tenants can be a headache and get them out of your house once they are in can be a daunting task. But a property agent will conduct thorough screening to ensure that you get reliable tenants.…

What to consider when buying a condo

What to consider when buying a condo

A condo is a housing unit grouped together with other units, normally with shared walls between them. Condo sales in these current times are increasingly becoming a popular real estate venture for many home buyers. In a real estate world that is growing at a snail’s pace, people are looking to options that they can favor their pockets.

Additionally, as many baby boomers begin to retire, they are looking to downsize the space they have for a more manageable and comfortable retirement. 3.What are the things to consider when buying a condo? There are some things you should put into consideration and do to make your investment move worth the while.

Before you buy a condo there a few things you should consider

The Condo Association’s Responsibilities

2222kjhFor the overall maintenance of the shared walls and amenities like water pipes and roofs. At Icona Vaughan, association is set up by the owners. It can be managed by an outside company or self-run. The association collects the required fees from the individual owners, and the money is used to take care of upkeep and repairs of the common utilities and grounds.

The laws of the association are binding legally, and it is wise to understand exactly what your obligations will be and also, the responsibilities of the association. You could involve your real estate attorney to go over the association’s by-laws with you hence making sure that you understand all the legal terms and conditions.

The Owner of Occupied to Renter Occupied Units

Some associations do not allow owners to rent out their unit out to tenants. This is generally because they feel that renters will not have the zeal to go the extra mile to help keep the place neat and do routine maintenance.

After all, they do not own the condo and can move out at a time that is convenient for them. If you intend to use your condo as a rental or vacation property, that ratio may not matter as much to you. Your main concern will be to find a condo where renting is permitted.

The Association Dues

333lkjSome associations ask for minimal fees, but others provide more extensively for the needs of the building and therefore charge exorbitant dues. Endeavor to know the exact amount of the fees, the duration after which they are paid and if they are subject to some increases before you sign a contract.…