|
|
Buying A New Build? Get A Realtor!
One of the biggest mistakes people make when it comes to buying a new build is thinking that they don’t need their own realtor. This is mostly due to inaccurate myths and misinformation about real estate. Let me explain why.
Why do I need a...
How to buy land for new home
You've found the perfect house, but the land it sits on isn't quite what you have in mind. Or maybe you've seen a great piece of land, but the house doesn't fit your needs. If nothing really says home to you, it might be time to consider building. ...
Real Estate Investing: Beware Of "Subject To" Promises
Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need to buy his book so you can finance multiple properties "subject to." The reason, he said, "because banks won't let you finance more than ten...
The Value of Antique Grandfather Clocks -
These days, everything from ovens to telephones silently mark the minutes in glowing red and green letters, rendering the “tick tock” of the mechanical clock increasingly unnecessary. Digital clocks might be more convenient and accessible, but...
What Do You Need To Know About Real Estate
An estate agent is one who is involved in the sale of houses and land. The job of estate agent is not new. But with a rise in population, the task of estate agent has gained momentum. With increasing number of people there are more houses and lands...
|
|
|
|
|
|
|
|
Renting Out Your Basement
Some homeowners consider their basement a wasted space. It's used for storage, they say, and maybe during tornado watches, but for the most part, it can be a vast unused area just dying for some renovation. With property values on the rise, many homeowners toy with the idea of turning that space into a rental property.
If you've thought about renting out your basement, there are a few important things you should know first.
First of all, you have to clear it with the authorities. Head to your local building department and find out whether or not rentals are allowed in the area where your house is situated. If they're not, renting- even just your basement- is not going to happen. If you are allowed to rent your space, you must make sure it clears all building codes. These involve having the required electrical systems (outlets, light switches, and wiring), exits, smoke detectors, ventilation, and the ability to heat and cool the space. Some areas have much stricter building codes than others, so it's important to check what applies in your neighborhood. In order to make your basement a rental, you'll have to bring it up to speed.
Many homeowners hit a stumbling block when it comes to the doorway factor. Having a tenant in the basement means that the tenant needs their own entrance and exit that opens to the outside. It can cost big bucks to remodel a basement door into a usable entrance, and some basements don't have a door to the outside at all, which means construction costs will be first on your list.
Even if your basement meets all of the
above requirements, there's still work to do. Unless you have a particular tenant in mind and know their needs, you must realize that your city is probably full of apartments, and your basement has to compete. This probably means the installation of painted drywall, carpeting, and other small amenities (including a bathroom and kitchen area!) to make this space truly appealing. Is this beginning to sound like a big investment yet?
Before you make the plunge of building a basement rental, it's strongly suggested that you think seriously about whether or not you truly want a tenant. Unless, as stated before, you have a particular tenant in mind, you will have to go through a screening process before allowing a stranger to essentially live in your home. Also keep in mind that your basement, unlike apartments in a complex, was not built to be a separate living space, and there will be sound leaks and other nuisances that might pose problems. It's a big jump to go from a private home to a private home with another private home beneath it. Make sure it's a jump you want to take before you start laying out the cash to make it happen.
About the Author: Kirsten Hawkins is a real estate expert from Nashville, TN. Visit http://www.king-of-real-estate.com/ for more information on real estate, mortgages, and finding the house of your dream.
Source: www.isnare.com
|
|
|
|
|
Real Estate, Property, Land and Homes for Sale, lease and rent ... |
Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
www.realestate.com.au |
  |
Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
www.realestate.com |
  |
REALTOR.com: Real estate listings & homes for sale |
Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
www.realtor.com |
  |
Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
realestate.yahoo.com |
  |
Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
realestate.yahoo.com |
  |
Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
www.realestate.co.nz |
  |
Real Estate - Buy, Sell or Rent a Home - New York Times |
Online real estate listings for properties in New York and nationwide. |
www.nytimes.com |
  |
Century 21 Real Estate Agents and Brokers |
Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
century21.com |
  |
Zillow - Your Edge in Real Estate |
Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
www.zillow.com |
  |
STLtoday - Homes |
Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
www.stltoday.com |
  |
Real estate - Boston.com |
Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
www.boston.com |
  |
ABCs of Real Estate |
Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
www.realestateabc.com |
  |
washingtonpost.com - Washington DC real estate, Maryland real ... |
Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
www.washingtonpost.com |
  |
Coldwell Banker Real Estate Corporation |
Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
www.coldwellbanker.com |
  |
Detroit News Online | Real-Estate |
Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
www.detnews.com |
  |
Newsday.com - Long Island Real Estate for Nassau County and ... |
In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
www.newsday.com |
  |
Real Estate for Sale, Rent and Share @ Domain.com.au |
Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
www.domain.com.au |
  |
Luxury real estate news and features - Forbes.com |
Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
www.forbes.com |
  |
Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
money.cnn.com |
  |
Los Angeles, California, national and world news, jobs, real ... |
Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
www.latimes.com |
  |
|