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Showing posts with label looking for a house. Show all posts
Showing posts with label looking for a house. Show all posts

Renting Out Your Home For The Summer Months

Whether you are leaving your own home for an extended period of time or you have a summer home that is going to waste, as the summer months pass on, you may decide that inviting renters may be a great way to bring in some income that you otherwise wouldn’t receive.  Pricing the market, taking care of things like air conditioner repairs, finding the right people, and making yourself available to answer any of the renter’s questions are all part of the process of renting your home out.


Pricing the Market
The first thing you will want to do when putting your house up for a summer rental is to see what the market is like for rentals around your area.  It is a great way to gauge what people will be expecting from your house.  Try to look for houses with the same amenities as yours.  For example, if you are trying to rent out a three bedroom with an in-ground pool, comparing your home to a two-bedroom rancher without a pool should only be used to determine a floor asking price.  Variables, such as square footage of the house, property size and distance to a beach or other points of interest are some of the best things to think about when finally deciding on a price.

Making the House Inviting
If the house you are trying to rent out happens to be a summer home that you don’t get too much use out of, making it presentable and livable may be a more important task than if it is the home you spend the most time at.  If you don’t spend much time at the house, you may overlook things like the lawn presentation, but it should really be taken care of before you have people looking at your house.  Any repairs that may need to be done before renters move in should also be addressed early.  If, for example, the air conditioner doesn’t work, it’s best to figure that out and invest in air conditioner repair before you try and rent a place; nothing can kill a rental deal faster than a house that is stiflingly hot.

Finding the Right People
As a renter, you’re looking for a house that fits your needs.  If you have a few kids, you’re going to want at least two bedrooms.  If you’re the one renting out the house, however, you may want to spend the time to find the right people for your home.  If you’re quite particular about neatness, for example, renting your house out to a few college kids looking for a weekend to let loose is probably not the right people for you.  Using a discerning eye when deciding on whom you want living in your house is a good way to assure that your house will be left in the way you lent it to the renting party.

Working With Your Renters
Once you find the right renters, you may want to keep yourself available to them if they have any questions.  If they are new to the area, you may be able to help them find places to eat, hot spots to hit during the nighttime, or even tell them where the fire extinguisher.  Consider yourself somewhat like a landlord.  Though you may not be inclined to fix a stuffed toilet, you can at least tell them where the plunger is.
Renting out a home is a great way to get money out of a home that would essentially be a waste of money for a certain amount of time.  If you take the time to find the right people and be a good landlord, you can find that it’s something you should have been doing the entire time.
Featured images:
Ashely rents out her shore home every summer. To see more, check out her Twitter @ashelymarie1985. 

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Evaluating real estate properties before buying

Looking for a house or any other kind of real estate property is not an easy thing to do. One-day planning is not enough because there are many considerations and preparations needed. Finding a house that fits your wants and needs at the same time can give you a hard time.

Ayala Land is one of the leading real estate developers in the Philippines. They have constructed different establishments in the country ranging from residential to commercial. Their goal is not just to build infrastructures, but to nourish communities that will flourish in the future.

You can use www.atayala.com/Compare-philippines-homes.php, a cool web application that will help you in scrutinizing different real estate properties by Ayala.

1. Open the link and make your selection by choosing among the listed projects. You just need to click the “Add to compare >” button of your chosen project and it will appear in one of the compare boxes below.

2. If you want to choose among the other projects, you have an option to sort the properties according to project type, price range or location.

3. The "Compare Now" button will appear beside the four boxes once you have selected at least 2 properties to compare. If you want to change your selection, click on the "Reset" button.

Considering the price and value of the property is not just the thing you need to look upon. Before purchasing the house you dreamt of, there are different factors you need to understand:

Location check
This is one of the important criteria you should consider first. From broad to specific - examine the city, to the community, up to the condition of the lot you’re planning to buy. You have to check if the lot is located on a flood-prone area and if it’s near or on the fault line. Inspecting about these factors will decrease the possibility of placing you and your family’s life at risk during calamities. Take note that Philippines is prone to sudden earthquakes, typhoons, and heavy storms.

Ayala Land offers different projects located not just in Metro Manila, but also in other parts of the country. You can check

Security
Know the security measures of the real estate property you’re going to buy. Do they have CCTV cameras, 24/7 security personnel, or safety alarms? If it’s a gated community such as subdivision or villas, you may talk to the security personnel about their safety measures.

Amenities and Utilities
Ask what amenities you can use and what utilities available if you buy a lot at a certain subdivision, condominium, or other type of real estate property. Most subdivisions have landscaped areas and clubhouse with pool area. Utilities such as water and sewer connections, cable and telephone lines, etc. should also be checked.

Accessibility
It will be easier for you get the things you needed in times of emergencies if the place you will live in is accessible to different establishments such as hospitals, schools, malls, groceries, church, etc. If your work is located in Makati, you can buy or rent a condominium. Living in this kind of property will be convenient and comfortable for people on-the-go, plus it will cut the trouble of daily commute.

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