Investing in a Rental Property: Tips for First-Timers

Rental Property

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Investing in a Rental Property: Tips for First-Timers

Investing in a property is a big decision, but many Americans have gone that route in recent years, and for many reasons: not only is it a great way to diversify your portfolio, and if you decide to rent it out, it’s a way to make income throughout the year as well. If you can find a property — or if you already own one — that’s in a great location and has a lot to offer someone who is traveling or vacationing, you’re already several steps ahead of the game because location is everything. There’s a lot to consider, however; investing in a rental property takes a lot of time and hard work, especially in the beginning.

A few things to take into consideration include whether there are parks, restaurants, and attractions nearby, if the spot is popular with tourists, and how much similar homes are renting for in the area. You’ll want to do your research on the neighborhood and find out what renters are looking for, design-wise; are families attracted to the area, or is it a youthful spot full of nightlife? These details matter when you’re trying to find clients.

Here are a few things to consider.

Do the Leg Work

Investing in a property in order to rent it out takes quite a bit of work and research; you’ll need to think about the location if you don’t already own the property, as well as find out what nearby rentals are going for. Think about the fact that homes with great views that are close to spots like parks, lakes, or the ocean are the ones that can fetch quite a price, and if you decide to sell at some point down the road, you’ll have an easier time finding a buyer. Do a little homework, in the beginning, to nail down the details; you’ll thank yourself later.

Consider the Profitability Factor

When you’re renting out a property, it’s essential to make sure you consider how profitable it will be by looking at the neighborhood, the amenities you can offer tenants, and the details, such as what the weather is like year-round. If you invest in a home that you can rent out to skiers in the mountains and get a good deal, consider that you’ll have to take care of the upkeep and repairs on a home that could potentially have damage from snow, ice, and wind. If your year-round home is far away, it may be a hardship to take care of your rental. Make sure you understand the true costs before you jump in.

Create a Web Presence

Creating a web presence is essential if you want to attract customers to your rental. From giving clients a way to communicate with you to having a space to show off your rental property using photos, having an engaging website and active social media accounts will go a long way toward helping you find the right people to pair with your home. So, look for a web platform that fits your budget but still offers everything you need, and create social media pages for your property that will help you connect with potential clients.

Give Them What They Want

Renters in different areas of the country will be looking for different amenities, so it’s important to do a little homework online to find out what you should offer in your rental. From updated bathrooms to extra sleeping areas, the things renters will shell out big bucks for vary depending on which state you’re in. Think, too, about how the home’s resale value will be affected.

Investing in a rental property is a great way to earn extra income while taking steps to make a solid plan for the future, but it can be an overwhelming job if you aren’t properly prepared. Make sure you understand your legal obligations before you get started, and think about the easiest ways to stick to your budget when it comes to furnishing and designing the home. With a good plan, you’ll be on your way to booking your first guest in no time.

This post courtesy of:
Suzie Wilson ⎸info@happierhome.net  ⎸Happier Home

Investing in a Rental Property: Tips for First-Timers

 

 

 

 

 

 

Jensen Park Estates January 2019 Market Report

Jensen Park Estates January 2019 Market Report

Currently, there are 3 homes available for sale in the Jensen Park Estates community of Jensen Beach FL.  These homes are listed for prices from $298,000 up to $385,000.  The average list price is $337,633 and this equals $182.85 per sq. ft. of living area.

There are 3 homes under contract and awaiting closing.  These homes were listed at prices ranging from $160,000 up to $342,500.  This works out to an average list price of $267,167 which equals $162.43 per sq. ft. of living area.  These homes were o the market for an average of 70 days prior to going under contract.

In the past 12 months, 28 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $110,000 up to $380,000.  This is an average sales price of $263,063 which equals $161.99 per sq. ft. of living area.  These sales averaged 96% of the last list price and averaged 56 days on market before going under contract.

About Jensen Park Estates in Jensen Beach FL:

Jensen Park Estates real estate

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to a more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Jensen Park Estates real estate

Neighborhood children attend the Jensen Beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside Park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Jensen Park Estates real estate

Search here for available Jensen Beach Estates Homes for Sale

Jensen Park Estates January 2019 Market Report

 

Jensen Park Estates July 2018 Market Report

Jensen Park Estates July 2018 Market Report

Currently, there are 6 homes available for sale in the Jensen Park Estates community of Jensen Beach FL.  These homes are listed for prices from $229,000 up to $399,000.  The average list price is $297,631 and this equals $186.93 per sq. ft. of living area.

There are 3 homes under contract and awaiting closing.  These homes were listed at prices ranging from $260,000 up to $315,000 for an average list price of $281,333 which works out to $175.83 per sq. ft. of living area.  These homes were o the market for an average of 57 days prior to going under contract.

In the past 12 months, 16 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $220,000 up to $370,000 for an average sales price of $295,281 which equals $170.65 per sq. ft. of living area.  These sales averaged 97% of the last list price and averaged 66 days on market before going under contract.

About Jensen Park Estates in Jensen Beach FL:

Jensen Park Estates real estate

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Jensen Park Estates real estate

Neighborhood children attend the Jensen Beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside Park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Jensen Park Estates real estate

Search here for available Jensen Beach Estates Homes for Sale

Jensen Park Estates July 2018 Market Report

 

Jensen Park Estates January 2018 Market Report

Jensen Park Estates January 2018 Market Report

Currently, there are 23 homes available for sale in the Jensen Park Estates community of Jensen Beach FL.  These homes are listed for prices of $275,000 and $309,888.  The average list price is $292,444 and this equals $173.90 per sq. ft. of living area.

There are no homes under contract and awaiting closing.

In the past 12 months, 21 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $219,500 up to $370,000 for an average sales price of $294,186 which equals $165.56 per sq. ft. of living area.  These sales averaged 98% of the last list price and averaged 44 days on market before going under contract.

About Jensen Park Estates in Jensen Beach FL:

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Jensen Park Estates real estate

Neighborhood children attend the Jensen Beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside Park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Jensen Park Estates real estate

Search here for available Jensen Beach Estates Homes for Sale

Jensen Park Estates January 2018 Market Report

 

Jensen Park Estates July 2017 Market Report

Jensen Park Estates July 2017 Market Report

Currently there are 3 homes available for sale in the Jensen Park Estates community of Jensen Beach FL.  These homes are listed for prices from $296,000 up to $399,000.  The average list price is $338,333 and this equals $156.99 per sq. ft. of living area.

There are 4 homes under contract and awaiting closing.  List prices are from $229,000 up to $389,900 for an average list price of $310,950 or $176.75 per sq. ft. of living area.  These homes averaged 67 days on the MLS before going under contract.

In the past 12 months, 25 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $$206,000 up to $365,000 for an average sales price of $258,329 which equals $157.40 per sq. ft. of living area.  These sales averaged for 97% of the last list price and averaged 47 days on market before going under contract.

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Jensen Park Estates real estate

Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Jensen Park Estates real estate

Search here for available Jensen Beach Estates Homes for Sale