Rennovated Townhouse (by Bill [WA]) Aug 10, 2017 1:22 PM|
Rennovated Townhouse (by Nicole [PA]) Aug 10, 2017 2:50 PM
Rennovated Townhouse (by Vee [OH]) Aug 10, 2017 2:56 PM
Rennovated Townhouse (by Landlord ofthe Flies [TX]) Aug 10, 2017 4:03 PM
Rennovated Townhouse (by Bill [WA]) Aug 10, 2017 5:00 PM
Rennovated Townhouse (by Lynda [TX]) Aug 10, 2017 5:39 PM
Rennovated Townhouse (by Bill [WA]) Posted on: Aug 10, 2017 1:22 PM
My tenant in the townhouse has given me notice she is moving in 30-days. Over the past seven months there have been renovations going on to address new roofing, siding and deck issues. The renovations are expected to be completed in another month.
I want to place an ad. How much of the ad should be devoted to the construction project. It's located in an affluent area of town.
The current tenant is fine with me showing the place. Thanks.
Rennovated Townhouse (by Nicole [PA]) Posted on: Aug 10, 2017 2:50 PM
I wouldn't mention it ... because I wouldn't advertise until all the work is finished.
7 months has been a long time for those jobs ... is your current tenant leaving because of that? --72.95.xx.x
Rennovated Townhouse (by Vee [OH]) Posted on: Aug 10, 2017 2:56 PM
Great condo in wherever ville, pardon the dust while the exterior service is going around third plate. --76.188.xxx.xx
Rennovated Townhouse (by Landlord ofthe Flies [TX]) Posted on: Aug 10, 2017 4:03 PM
If you try to fill it during construction, you'll never rent it for as much as you could had you waited. --108.69.xxx.xxx
Rennovated Townhouse (by Bill [WA]) Posted on: Aug 10, 2017 5:00 PM
I'd like to rent it out eff date of Sept 17 or Oct.1 eff date is fine also. If I am paying this note & the note for our main house-I'm worried about the cash flow. I can be somewhat some what flexible with the rent by renting it at $100/mo less than what I'd get if the renovation was complete. The townhouse is in a desirable area. --24.21.xxx.xxx
Rennovated Townhouse (by Lynda [TX]) Posted on: Aug 10, 2017 5:39 PM
Like Nicole, I would NEVER show a property till it is at its BEST. You can command a much higher rent when the unit is clean, open, and pristine! Tenants cannot see past the un-done, AND it is the un-done that they will remember, even after it it complete. You do not want to give them that memory. YOUR place has to be the best one they see in their search.
Plus, work gets done faster when the place is empty.
If it was me, I'd NOT advertise till it is REALLY READY! Then I'd price it 5-10% above the best comp, and advertise as totally re-done "Be the first ones to live in this totally revamped property..." List all the improvements. You will more than make back the month it is off market to finish the work. --108.87.xx.xxx