4 Hidden Costs Triggered by Home Ownership (and Why Renting in California Is a Good Call)

Five dollar cottages isolated over whiteOwning a house is a major accomplishment at any age. Home buyers benefit from a long list of advantages, including the highest level of stability, comfort and the chance to explore the widest range of personalization options (after all, no landlord is going to nag them for driving nails into a wall to hang their favorite artwork). So there you have it: the property that you may actually afford to buy could easily become your personal temple of relaxation.

Identifying 4 Additional Expenses Linked to Home Ownership 

On the other hand, it’s no secret that for sale pieces of real estate available in California are usually extremely expensive and bargains on this market are hard to come by. What’s even worse is that most prospects seeking a new roof over their heads often ignore less obvious expenses linked to home ownership. Here are four such examples that you may want to factor in before contracting a loan and attending your first open house.

  1. Necessary Improvements. As an owner, you want to feel proud every single time you invite a new guest to tour your home. Naturally, in order to feed your vanity, you choose to conduct ample remodeling work and invest in a series of improvements designed to add value to your home, from an aesthetic and functional standpoint. The problem is that even the smallest positive changes cost a lot of money. Even the simplest Pinterest-inspired makeover plans involve the usage of basic materials (paint, brushes, wood, PVC and composite boards and so on), which could easily overbalance your monthly budget.
  2. Repairs. As a tenant, when your toilet stops working properly, you call the super and let him handle this problem. As an owner, you have to deal with such unpleasant issues on your own. According to MyDomaine, in order to cope with these unpredicted expenses, owners should try to save anywhere from 1% to 3% of the overall value of their property on an annual basis. This measure of precaution would ensure easy access to a fund especially designed to cover damages such as leaky roofs, clogged toilets and defective heaters.
  3. Maintenance Work. When you rent in California, you can afford to be a little bit lazy or sloppy. You can clean up your apartment each Saturday, right before calling your friends and inviting them over for dinner. On the other side of the coin, ownership dictates new responsibilities and forces you to take maintenance work very seriously. Here’s why: by neglecting the things that you have around the house, such as small appliances, you are basically reducing their lifespan. Just think about it: as a tenant, when you discover that your washer and dryer are no longer working, you just have to contact your landlord and ask him to repair or replace your appliances. When you own a house, you have to pay for repairs or replacements out of your own pocket; this is a drawback that will help you combat your own sloppiness and invest more time, energy and money in regular maintenance.
  4. Home Decorating. Ownership gives you the perfect excuse to go back to your hoarding habits and spend more than a few dollars on a daily basis on things that you consider necessary around the house. The sad truth that no homeowner likes to hear is that even the most fervent bargain hunters can end up pouring a small fortune into so-called “everyday essentials” ranging from bedding, vintage market finds, kitchen appliances and bathroom decorations. These items may not sound like the most expensive, high-end products on the planet, but the small expenses that they involve can easily add up.

Why Is Renting in California Such a Smart Decision After All?

As you may already imagine, rentals require minimal levels of commitment. Basically, an affordable rental would allow you to keep your expenses in check and avoid additional costs linked to new impulse purchases, home improvement work, upkeep and repairs. Moreover, rentals enable you to build and maintain a beneficial relationship with your landlord, which could save you a lot of trouble in the long run. For instance, you wouldn’t have to fix or replace leaky pipes on your own or buy a new toaster when the old one stops running. Furthermore, renting in California has gotten a whole lot easier, due to the new technology that both landlords and tenants can put to good use to interact with people who are looking for a good deal on the local real estate market.

Discover the List of Benefits Ensured by a Respectable Apartment Finding Service

Apartment finding services give prospects the opportunity to get familiar with average rental prices in different areas of interest. Moreover, the same type of services grants access to a large database containing thousands of verified, recent listings. Using this insight, potential tenants can compare different pieces of real estate in terms of costs, location, amenities and features and make an informed decision. It gets better! Using the same handy helper, landlords and property managers can market their listings in a time and cost-effective fashion. By writing a compelling descriptions and posting up to 12 high-resolution photos (and video tours, if needed), people who are determined to rent out their Californian houses or apartments can get a few steps closer to the perfect tenant. As a platform that incorporates the finest technology to consolidate the bond between thousands of lessors and tenants, Apartment Hunterz is considered one of the most reputable providers of fresh, appealing listings. If you’re also looking forward to renting a budget-friendly property in Cali, instead of hiring a realtor, give this service a try and find out how it could help you sign your rental agreement in less than a week.

3 Great Reasons Why You Should Count on an Apartment Finding Service When Renting in California

house keyThere are several reasons why you may choose to conduct a house hunt on your own. Maybe you have plenty of time on your hands and wish to discover the realities of the local real estate market on your own or simply want to cut down expenses associated with the services of a competent realtor operating in your area. Perhaps you have been influenced by stories told by your colleagues involving one-of-a-kind real estate gems whose rental costs do not exceed the amount of money that you spend on groceries on a monthly basis. The possibilities are endless. Nonetheless, you should keep in mind that searching for a new home on your own in the great state of California is no easy task. Here are just three of the most important reasons why you may want to opt for professional apartment finding services while scouting the hottest Californian neighborhoods and for rent or for sale properties.

  1. California’s Real Estate Market Is Incredibly Diverse
     California takes pride in an overly competitive real estate market that often dictates new trends on a national level. Its slices of oceanfront real estate capture the attention of many wealthy international prospects, have a high resale value and can cost millions of dollars. The same goes for luxury apartments located in Los Angeles: expect to pay thousands of dollars monthly for 2 or 3-bedroom rentals comprised by high-end apartment complexes with concierge services, spa, indoor pools and everything else that you may require to feel at home in a new environment. At the same time, less sought-after but equally safe and picturesque areas may give you the opportunity to spot 1-bedroom apartments that go for under $1,000 per month. Taken into consideration the plethora of options one may stumble across on the Californian real estate market, it becomes obvious that professional apartment finding services can simplify the entire selection process a great deal.
  2. You Can Profit from Detailed, Accurate Listings Updated Regularly
    Why waste time circling newspaper ads when you can get the most recent, accurate and tempting listings straight from a top-rated apartment finder? Apartment Hunterz invites you to discover more than 73,000 Californian rentals and explore more than 57,000 relevant photos and virtual tours. Basically, this source gives you all the details that you need to make a decision on a silver platter.
  3. You Can Make the Most of Modern Technology to View and Select the Best Rentals
    What can you do when you don’t have enough time to tour your preferred rental properties in person? You profit from the virtual tours and pictures that your apartment scout puts at your disposal. By viewing all your options from different angles you can weigh their pros and cons and make an educated decision without actually leaving the office.

Bottom line: a dependable apartment finder can help you save time, lots of money and energy by bringing you closer to fabulous listings based on your search filters. Choose to collaborate with Apartment Hunterz and find out how this type of apartment finding services can help you live the Californian life that you have always wanted for yourself.

Renting in California: 3 Reasons Why San Francisco Residents Are Happy Most of the Time

Photo Credit: iStock Photo

Photo Credit: iStock Photo

You’ve always wanted to leave the small town lifestyle behind and move to a big city that could support some of your most ambitious goals. At this point, you are flirting with the idea of relocating to San Francisco. You’ve heard the news. San Francisco is known as a potent tech hub that is permanently recruiting and training a specialized workforce. If you were to move to Cali to kickstart your carrier, you would probably have the highest odds of success in this particular city. You also know that San Francisco is adding great jobs faster than any other U.S.-based city. Therefore, if unemployment is one of your worst fears, chances are that you will manage to overcome this issue in this highly developed, carrier-friendly area. Need another reason to pack your bags and get on the next flight to San Francisco? If so, just keep reading to discover some interesting facts that will support your decision to relocate.

  1. Great Parks and Public Art. Have you ever wondered why the big city life can make you feel so overly stressed and tired? The answer is right in front of your eyes: the grayish concrete jungle often exposes you to many overlooked risk factors, including elevated noise and pollution levels and traffic congestions that could amplify your anxiety. On the other hand, San Francisco is all about greenery and cute parks representing an oasis of relaxation in the center of a thriving urban area. Dolores Park, Presidio and Golden Gate Park may very well represent your escape from reality where you could spend your lunch break or a quiet evening surrounded by green spaces and public art.
  2. San Francisco’s Endless Entertainment Options Nourish People’s Souls. Art and culture lovers see the San Francisco Bay Area as an extremely stimulating environment, where they can attend literary events and enjoy art and live music performances. In short, San Francisco is well-liked for its diverse entertainment offerings that can ward off depression and anxiety and promote a better general state of health.
  3. San Francisco Is the Place Where You Could Find a Convenient Rental. San Francisco has also made a name for itself for its organic markets, health-oriented leisure activities and the active lifestyle that it enables its residents to adopt and preserve. Wouldn’t you like to bond with such healthy, happy people and share the secret of their wellbeing? If the answer is yes, you should know that San Francisco is a great place to find exceptional accommodation options. You could actually identify an elegant 500 square feet apartment with 1 bedroom and 1 bathroom, which won’t cost you more than $2,700/month.

To be honest, you may have to struggle a big to find a cute, cozy place in your price range. Nonetheless, by counting on the largest Californian apartment finder, you could simplify your search and spot the best San Francisco rental in a matter of days and completely stress-free. Apartment Hunterz can lift this burden off your shoulders and help you get the keys to a fabulous apartment or house in record time.

14
Oct 2014
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Renting in California: How to Find the Ideal Roommate in 3 Easy Steps

Young women taking a break on moving dayAre you tired of living with your parents? Are you craving for a higher level of privacy and independence? If so, you could consider renting in California. You don’t have to spend a ton of money on a spacious luxurious palace with valet parking to feel satisfied. People who can spare around 1,000 dollars a month can definitely find a decent place to rent in some of the greatest Californian cities. But when you’re living from paycheck to paycheck, this amount represents your very own definition of a small fortune. How would you be able to rent a house in your all-time favorite neighborhoods without having to settle for the darkest, tiniest, creepiest unfurnished cottages? Find a roommate. Even if you’re desperate to move in as soon as possible, don’t skip the screening process to eliminate candidates who are insane, potentially dangerous, unstable or simply incompatible with you and your lifestyle.

Go Online. Hit up your friends and rely on word-of-mouth to discover new people who may be interested in sharing indoor space with you. If this search doesn’t return any favorable results, start to call on online ads and post your very own ad on different websites. Be very specific when it comes to the rental in question (if you already have your heart set on a property), the expenses it involves and your basic requirements.

Ask the Right Questions. Time-effective interviews via Skype, phone calls or emails are a great start and enable you to separate the loonies from the stable people with serious intentions. During this phase you should ask a few essential questions that would allow you to assess the overall level of compatibility between you and your potential roommates. Do they smoke? Do they have pets? Do their have weird working schedules? Do they count on a constant source of income? Are they involved in any illegal or potentially dangerous activities? Do they plan on throwing wild parties at their place 7 days a week? Make a list of questions and another list of pros and cons associated with every single candidate that you manage to interview.

Set up Some Boundaries. Once you’ve finally found the ideal roommate, create and implement clear boundaries to maintain a healthy relationship. If you have to study or work from home, establish quiet hours based on your schedules. Find the best way to divide and assign chores. For instance you could design and install a chore wheel, which would work best for people with multiple roommates. Furthermore, bring upyour strict policies related to parties, overnight guests, pets, smoking and the nature of your relationship. Are you looking for a buddy or are you strictly interested in reducing your housing expenses by finding a reliable roommate? Flexibility is always a plus, but in this case clear guidelines and regulations could help you avoid potential conflicts that could turn your apartment into a war zone.

 

04
Sep 2014
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How to Save Big While Renting a Home in California

Right Facing For Rent Real Estate Sign Over Clouds and Sunny SkyAre you looking for the perfect diamond in the rough on the local real estate market? Since more and more people decide that ownership is not their cup of tea for various reasons, the rental market is flourishing. As rental rates keep reaching higher values, tenants must master every trick in the book to profit from the best deals. In case you wish to save some money for a rainy day without living in a cardboard box, keep reading to discover the best tips on how to identify affordable rentals in California rapidly and stress-free.

1. Go Online and Compare Rental Costs. Surf the web and check out online real estate directories. Use calculators to determine the cost of livingand average rental expenses associated with different cities. This first step will help you narrow down your search and focus on the neighborhoods matching your specific criteria.

2. Find a New Roof over Your Head in the Off-Season. It’s always easier to unlock additional savings in the off-season, when landlords have slimmer chances to attract tourists and ask a ton of cash for their vacation rentals. Any amount of money is better than no money at all; therefore you could start your rental hunt in autumn or winter to prey on the landlord’s fear of vacancy.

3. Summer Sublets Let You Enjoy the Big City Life on a Budget. During summer, lots of college students fly back home and most families go on long vacations. This is the main reason why many tenants agree to sublet their apartments for a ridiculously low amount of money. Profit from this amazing opportunity to get the keys to a fantastic place without spending more than you can afford on a rental. If you’re single and baggage-less you won’t need a lot of space, so you could actually go for a tiny, elegant studio in your ZIP code of choice.

4. Find Your Y. Want to start living as close to your favorite celebs as possible without going bankrupt? If so, just analyze the offers presented to you by the nearest YMCA. About 89 YMCA’s still exist nationwide and ensure accommodation options for low-income people.

5. Start the First Round of Negotiations and Create Your Plan B. Hate the idea of spending more than one night in a slightly depressing dorm-style room? In case your ambitions are limited by a tight budget, chances are that you won’t live next door to Christina Aguileraanytime soon. This doesn’t mean that you have to give up on your dream of relocating to California. Get to plan B.

Start haggling with your new soon-to-be landlord or consider getting a roommate to split the costs. Use your negotiation skills to lower the asking price or make your landlord bring additional perks to the table.

 

20
Aug 2014
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