While real estate prices are down, rents have steadily increased across the country. This makes sense because people who are waiting to buy real estate until the prices go down further will continue to need someplace to live.
I know this may sound hard to believe but you’d be amazed at the things people say when they are nervous and trying to make small talk. So someone says, “So what do you do?” and you answer, “My name is Jane Doe and I’m with ___________________________ Real Estate Company. I have been with them for 5 years. It’s a great company. All the people there are so friendly and helpful. I am so glad I chose Realtors. I love the flexible hours and the income potential. This really beats my corporate job and…”.
Janice will contribute $15,000 to the Joint Venture which will pay the down payment ($8,000); pay for the needed repairs ($3,000); and leave $4,000 for reserve and unforeseen contingencies, which always come up.
Extra Insulation – Each state has their own regulations as far as what is code when it comes to insulation. Check with the local zoning and permit laws and if the home doubles this requirement, you are pretty set as far as keeping energy expenses and usage down. This goes for insulation in the walls, attic and floor. If the home has a crawl space that is not insulated, there maybe extra cool air coming in from outside and penetrating the floor in the winter. The attic heats ups tremendously in the summer months and keeping a thick layer of insulation between the ceiling and the top of the insulation can benefit your bill greatly by keeping hot air in the attic or ventilated properly with attic fans and vents.
My design emerged in the second half of the 19th century and incorporated many features mass produced by new machine technology. Some of these include patterned shingles, spindles, and decorative brackets. I often have elaborate second floor curved towers and large airy porches.
Are there two bathrooms? Homes with only one bathroom are never desirable, but when they are rentals it becomes even more important to have that second bathroom. A buyer will always feel like they can add one on later, whereas a tenant will want it immediately.
I originated in the 1880’s and remained popular until the Great Depression. My roof is a low pitch and my entry may sport a small covered porch. I am fairly plain compared to my Victorian counterpart and was even available as a kit from the Sears and Roebuck catalog.