as opposed to a house to rent out? This is in respect of age, good suburb, close to transport etc? Im looking to buy a place, but may rent it out when away on long travels.
2007-02-01 22:34:03 · 3 answers · asked by shano 2006 1 in Business & Finance ➔ Renting & Real Estate
GET AN ARCHITECT,SURVEYOR OR A GOOD BUILDER TO DO A DEFECTS LIST YOU CAN THEN USE THIS TO GET THE PRICE DOWN
2007-02-01 22:41:52 · answer #1 · answered by jjinbkk 3 · 0⤊ 0⤋
In some aspects yes, in some no. I would think everyone would enjoy a good location in a safe neighborhood. However, consider who your average renter is. Many rentals cater towards college students or younger single people. That being said, if you buy a house in an area where many people rent (more demand for your property) you will have more rental properties (more supply). I think it balances out in the end.
If you are really considering renting this place, make sure it makes sense financially. You need to determine a fair value to rent the property (your appraiser can do a rental analysis or a Realtor can give you a ball park as well). I would be surprised if you can 100% cover your costs by renting with the costs of homes these days.
Best of Luck.
Joe...
2007-02-02 06:55:58 · answer #2 · answered by Joe K 3 · 0⤊ 0⤋
www.maylene.zoomshare.com
2007-02-03 08:23:54 · answer #3 · answered by Ging 1 · 0⤊ 0⤋