How Much Should I Rent My Home for?

  Are you considering renting your home rather than selling it?  There are many times when you move where it may make financial sense to rent out your home ...

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How Much Should I Rent My Home for?

Posted by Eric Blackwell on Thursday, June 6th, 2019 at 7:52am.

 

Are you considering renting your home rather than selling it? 

There are many times when you move where it may make financial sense to rent out your home rather than selling it. In areas where rent to value ratios favor renting out a home, you may find yourself considering it as an alternative. Usually when this happens, there is one question that pops to the surface:

How much can or should I rent my home for?

The answer to this question is important. The rental value of your home is as important in making this decision as the sales value of your is important to whether to sell it.  An extra $100 per month in rent can make the difference between renting out a home and selling it. And yet it depends on dozens of factors. So it is important to get accurate information from someone who has an up to date and thorough understanding of the area.

Much like the overall value of your home, the rental value can vary significantly and is determined by what people are willing to pay. And just like the sales value of your home, the rental value cannot be accurately determined by an online "guesstimate". The best way to know what a home should rent for is to ask a professional who is in the market, and is renting homes everyday. They have the best perspective to see what the home will actually rent for to a more likely to be RELIABLE tenant. The experience of having someone who knows the makret and works in it every day is invaluable.

Expert help is only a click away.

The Real Estate Group's Property Management specialists are happy to offer their expertise. They have a long track record of successful rental property management and are in the market every day. With a small amount of information from you, they are happy to provide their insight on the rental value of your home at no cost or obligation. If you go to the Property Management page on our site, their contact information is there along with a quick form at the bottom of the page. They will set up a time to either call you and chat about your situation or meet with you over a friendly cup of coffee for a more in depth discussion. 

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