my house is worth about 130,000 if i were to sell so what should it rent for ?
2006-12-21 13:20:27 · 6 answers · asked by john 2 in Business & Finance ➔ Renting & Real Estate
What you can charge for rental has little to do with your home's sale value.
You should look at your local papers and rental agencies and see what comparable homes in your area rent for. Your location (therefore conveniences, intangible things like the neighbourhood) is the primary comparable, then the size and condition of the house itself.
It also depends on the rental market - plenty of vacancies mean a lower rent, whereas low vacancy in the market will fetch you higher rent.
2006-12-21 13:27:33 · answer #1 · answered by Knowbody 2 · 0⤊ 0⤋
2
2016-07-19 03:17:52 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Check the neighboring rentals and see what they go for.
If they are at $550, you won't get $1,000.
Check Craig's List and see what the home rentals are like. You can also post an ad (sans picture) with your ideal price and see how many hits you get.
2006-12-21 13:51:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You're best bet is to call a realtor and find out what comparable houses are renting for; there are other factors other than price. Good luck!
2006-12-21 13:29:04 · answer #4 · answered by fearslady 4 · 0⤊ 0⤋
It all depends on what the rental market is, not the price of the home.
Regards
2006-12-21 13:26:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The price of the house is irrelevant in renting it. Look at similar houses in your location that are in similar condition -- that will tell you what you can ask for and receive.
2006-12-21 13:47:13 · answer #6 · answered by ilovela 5 · 0⤊ 0⤋