Picking a Location
Not all locations are created equal for renting out rooms. The two most important things to you need to know about an area are: is there demand for room rentals and what are the prices. You can get a quick idea of both of these by using Craigslist, look in the "Housing wanted" category, are there lots of people seeking rooms who have not found one yet? Next, look at the "Rooms/shared" categories this will give you an indication of price and amount of available rentals. Often time there a lot of postings but don't worry many of them are duplicates. Browse around; get a feel for the prices and types of rentals available. I always find it preferable to ask slightly less money per month but charge first, last months, rent and a one month security deposits. It also allows you to be more slightly more selective picking the roommates.
Picking House Size/ Configuration
Certain house configuration lend themselves to being ideal room rentals. Given the choice a 3BR/2BA or a 4BR/2BA are preferable, and if you luck enough to find a 4BR/3BA it is a very nice layout. As the owner of the house, I prefer to have my own bathroom, but this is really up to you! Any more than 3 people sharing a bathroom will become bothersome so keep that in mind when considering a 4BR/1BA or even 3BR/1BA home.
Other Factors to Consider
Some other factors that make a home more desirable for room rentals are:
- Adequate off-street parking
- Washer and dryer in-house
- Private bathroom for each bedroom
- Full kitchen
- Access to public transportation
- Adequate jobs in the area
- Universities in the area
- Community recreation included- pool, walking trails, gym, or tennis courts
No comments:
Post a Comment