Warwick | Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

By
Real Estate Agent with Imagine Properties NY

Warwick |  Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

 

Did you know that you are legally obligated to tell the buyer about problems that could affect your home’s value, such as foundation damage or environmental hazards like a tendency for flooding or any other major problems with your house? ….in addition, if your home was built prior to 1978, federal law requires that you take several steps to protect the homebuyer from exposure to lead-based paint.  

Click here to read “Should I pay for a pre-listing inspection” 

This is one of the areas where having the right representation to help you sell your home, can give you peace of mind by complying with all the rules and regulations around the home selling process in New York.  

A real estate agent can help tremendously in understanding your liability and walking you through the disclosure procedures prior to putting your home on the market.  

Today, I would like to address about Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

 

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.

 

Don’t Become Trapped 

A recent article by Apartment List addressed rising rents by stating: 

“Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.” 

The article continues explaining that: 

“Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.

Additionally, the Urban Institute revealed that, 

“Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on rental housing. 

These households struggle to save for a rainy day and pay other bills, including groceries and healthcare.

 

READ MORE: http://www.rocklandnyhomes.com/warwick-rents-rise-dont-get-caught-rental-trap/


???Thinking of selling your home? Let Diane take over the marketing of your property
http://www.rocklandnyhomes.com - Call or text 845-709-4758 for more information.

Posted by

Diane Beckmann                               

Imagine Properties

4 Dennis McHugh Court

Tappan, New York  10983

cell:  (845)  709-4758

 

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