You have a single-family house you'd like to rent out. Perhaps you're temporarily relocating for work, or maybe you inherited your childhood home from your parents, and you're not quite ready to part with it yet.
Renting can be a profitable choice, but it requires an investment of time, money, and organization to make it work. Here's how to determine whether renting out your house is worth the cost. Calculate your monthly expenses You want to charge at least enough to … (4 comments)
real estate news: New Remodeling Approach: Careful Shopping
- 05/18/10 08:31 AM
The recession has changed the consumer's approach to remodeling and appliance shopping as well as how to pay for those improvements, says Mark Karas, president of the National Kitchen and Bath Association. "Any remodel now is budget-driven," Karas said. "You really have to take a look at what the client is looking at overall. "I just sold a kitchen to a relative. We'd been trying to plan for five or six years. Just before the holidays, first the oven went, then the microwave, then the dishwasher-those were the signals." With the real estate market still in turmoil, Karas said, consumers are … (0 comments)
real estate news: David Stevens, FHA Commissioner: "Incredible" Market Ahead
- 05/13/10 03:55 AM
With the housing recovery still fragile, it's hard to look ahead with anything but caution. However, the long-term prospects for the market are "incredible," FHA Commissioner David Stevens told REALTORS® yesterday in the opening forum of the 2010 NAR Midyear Legislative Meetings & Trade Expo.
Young households today represent a demographic block larger than even the baby boomers, and their entry into the housing market promises to help build "an incredible real estate market in the future," said Stevens. But first the housing market must move from recovery to stability and then to long-term growth, and that will only happen … (2 comments)
real estate news: More Americans now live in multigenerational households
- 03/21/10 06:30 AM
More people than ever before are bunked together in multi-generational households across the United States, with a record 49 million (16.1 percent of the population) sharing close quarters either permanently or temporarily, according to a report out Wednesday by the Pew Research Center.Since 1980, the share of Americans living in such households jumped 33 percent. That represents a sharp reversal from earlier recent trends in which kids grew up, left home and didn't return except for a visit, and grandparents retired to sunny spots or stayed put in their own homes.Over the 40 years between 1940 to 1980, Pew found the … (0 comments)
real estate news: 4 Reasons to Sell Now
- 02/09/10 09:22 AM
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he'll be in better shape. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for … (0 comments)
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The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
Renting out your house can be a smart financial move, as long as you calculate your costs carefully.
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