Posted by: phillipsre | June 25, 2015

Investing in Single Family Homes

home-for-rentIf you are thinking of adding a rental property to your list of investments, investing in a single family home might be the right choice for you. This article highlights some pros and cons of investing in a single family home (SFH). On the top of the list is the stability and reliability of tenants and expenses that come along with the average rental house. In a lot of scenarios, tenants in SFHs treat their home as their own. They take care of the yard, decorate and might even do minor repairs when they come up. Tenants are also responsible for all the utilities in a SFH, alleviating that expense from the landlord. A lot of people like the idea of owning a home, but might not have the means to buy a home, so renting one is a great choice. A few of the downsides of single family homes as an investment include vacancies, in any rental property vacancies are bound to happen and getting the home or unit turned over as quick as possible is the best scenario. Major home projects or repairs also fall into the cons category. Repairing or replacing a roof, water damage from hot water heaters and other unexpected repairs are never fun, but might end up being something that the landlord needs to deal with. If you have responsible tenants in your home, these issues might be less of a hassle if the tenants are willing to help in coordinating the process. To read all the pros and cons, click here. If a real estate investment is in your future, contact the experienced agents at Phillips Real Estate Services for assistance in buying, selling or property management.

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