Uncategorized December 20, 2010

Rental Evaluation

That when determining the rental value of a single family home, typically most of the value is in the structure? Even a view will have less value on the rental market than it does on the sales market. For example, a small older home on a large view lot will have a relatively low rental value, even if the sales value is high. The tenant doesn’t care about the potential of the property; s/he is renting that small older home. This is especially true in the current market where many properties that were prepared for the sales market – totally updated or even new construction – are now on the rental market.