Tag Archives: real estate update

Renting Out a Room in Your Home

We’re living in a sharing economy, says Realtor.com, so it should be no surprise that 69% of homeowners in a recent survey would rent out part of their home if it had a separate entrance, kitchen and bathroom and 32% have already rented out a room, space or outdoor feature on their property. You can generate extra income by renting out a space in your home, but the price is a loss of privacy. You’ll be a landlord, so you’ll need to know about renting as a business, your community’s regulations and fair housing laws. Rentprep.com recommends finding out about your homeowners’ association regulations, town zoning laws or ordinances, and fair housing laws. You may need a permit and may be required to provide a separate private entrance for the renter’s use, a private bathroom and a way for the tenant to lock up their belongings. Renting to a roommate/housemate is a little different than typical federal fair housing laws allow. You can advertise for a male or female roommate, for example, if you’re sharing the house, but if you’re renting a separate space like a garage apartment, fair housing laws would apply. Ask your homeowner insurance agent to see if you need extra or specific coverage. Keep careful records including utilities and maintenance costs to report the extra income correctly. Take photos of the space to show how it looks before a renter moves in. To find renters, look for organizations such as college housing advocates, Travelnursehousing.com, and senior centers.

August 2021 Residential Real Estate Update

Market Statistics August 2021 – What’s going on in local real estate? Check out statistics from August on local transactions and average sales prices for different areas in Coastal Georgia. Ready to make a move? Have questions? Give us a call! 912.638.5450…#bhhshodnettcooper#foreveragent#bhhs#georgiarealestate#stsimonsrealestate#glynncountyrealestate#coastalgeorgiarealestate#georgiabeachhouse#realestateupdate

July 2021 Residential Real Estate Update

Market Statistics July 2021 – We’re finishing up the dog days of summer and the local real estate market remains HOT! Check out July’s stats on local transactions and average sales prices for different areas in Coastal Georgia. Ready to make a move? Have questions? Give us a call! 912.638.5450…#bhhshodnettcooper#foreveragent#bhhs#georgiarealestate#stsimonsrealestate#glynncountyrealestate#coastalgeorgiarealestate#georgiabeachhouse#realestateupdate