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This might be the perfect opportunity for first time buyers, plenty of inventory, historically low mortgage rates and a very nice tax credit.
Click Here for more information
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Rhode Island Real Estate market update - advise for tenants and landlords |
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Advise for tenants: |
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Apartment Hunting:
- Have a realistic budget and expectations
- Be gainfully employed or have a guarantor
- Dedicate to managing a serious apartment search which will take perseverance
- Know what you are looking for and what you don't want, so not to waste your own time or the time of others
- Know the neighborhood and community that you want to live in
- Know what you want in terms of bedrooms, closets, bathrooms, size of kitchen.
- Know the terms of the lease that you need
- Know what you want in terms of flooring, heating type, oil/gas, appliances, fireplace, air conditioning, washer/dryer, dishwasher, storage, deck, security system
- Know the proximity to public transport, schools, shopping, work/school, park and recreation facilities
- Have a copy of your credit report in hand ready to give it to a landlord if you see a place you like.
- Be prepared to give either a check or cash for an initial deposit if you like a place
- Be prepared to give previous landlord references, references, or anything else that will make you look great
- Be dressed to impress (you don't need to wear a three piece suit, but try not to look like an absolute slob either)
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Advise for landlords: |
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Preparing your property for rent:
Paint - This is one of the easiest remedies to any apartment or house. An apartment should be repainted every two to three years. It is also a good idea to keep all of the walls one uniform color and not allow tenants to re-paint, because you will always have a reference point of what the place looked like when they move out.
Carpets & Hard surfaces - All carpets must be professionally cleaned and all hard surfaces mopped.
Blinds - All blinds must be cleaned, broken ones should be replaced. Blinds are not expensive, and make a huge difference.
Lighting - Old lighting fixtures can make a place look old and uncared for. New lighting fixtures are inexpensive and can give your place a quick face lift.
Bathroom - New fixtures, vanities, towel rods, toilet paper holders, and in some cases, a new toilet or sink should be appraised every time that a tenant moves out.
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REO's and Short Sales Online News Letter |
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Aquidneck Island Bank Owned properties and short sales:
Single Family
Condominiums
Multifamily homes
Newport Real Estate has agents serving the entire state of Rhode Island, including Newport, Middletown, Portsmouth and surrounding areas. We can help you with all your buying, selling or renting real estate needs.
Please visit our website or call us directly if you need any assistance regarding any of our services.
Jorge Muralles Real Estate Consultant 401-855-1335
Newport Rhode Island Real Estate - Residential & commercial real estate sales and rentals!!
www.locopro.com
www.newporttimesharesrus.com
www.ripropertyvalues.com
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Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.
We have bilingual real estate agents: English and Spanish
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