The battle is playing out on a neighborhood level in every growing city in America: a battle between those who want to keep property values high, and those who want the chance to live in the cities that have the best economic prospects. Rents are rising, people are flocking to the cities, homes of multiple-occupancy are being created, Air BnB properties are replacing long-term-lets, and … Continue reading Read more: Middle Class Can’t Afford to Live in Cities Anymore
Whether it is a short term let on Air BnB or a long term flatmate, renting out a spare room in your home is a great way to help out covering mortgage payments. In addition to reliving financial pressures, having a housemate who you get one with can be fun and promote a happier living environment. But there’s always the danger that you might not … Continue reading The Perfect Housemate for a Live-in Landlord
When you’re getting your rental property ready to put on the market it’s vital to get the colour scheme right. You can help to create a light, spacious and airy environment using cool tones that will make your property more appealing to prospective tenants. This is not necessarily the time to apply your own interior decorating choices. If you favour walls in loud colours such … Continue reading Decorating Rental Properties
Is it sensible to ‘buy’ a house if actually you are just renting it from the bank or building society? If your mortgage on a 4 bed house in the Kentish suburbs is £1500 a month, and £1200 of that is the interest,… and you could rent a 4 bed house for £1000 a month, then even ensuring that you save £300 a month (as … Continue reading Should you rent or buy?
Just a quick note to say have a play with this rent or buy calculator, and let me know how you get on. Usual caveats apply: this is general statistical modelling and not specific to your financial situation. Don’t make decisions based on this, but talk to a financial advisor before making any financial decisions. New York Times – Rent or Buy calculator Continue reading New York Times: Rent or Buy Calculator