How Much Rent?
DawnSmith
10 years ago
Featured Answer
Sort by:Oldest
Comments (22)
patty_cakes
10 years agoemma
10 years agoRelated Discussions
how much would this cost?
Comments (5)It's really hard to say. Where are you at? We own our land as well. We got bids from 5 different builders, and got a range from $100-$175/SF. It depends on where you are located, amenities, what you want to do on your own (bargain shopping, etc.) Take a browse through this forum, you will find houses from $64/SF & up! Sorry I couldn't be of more help! I think the best bet is to find you what you can afford a monthly payment of and work back from there. Example if you can afford $1500/month, go to a mortgage calculator, and determine what that total mortgage would be in your situation (30yr = $200,000 etc.) Then from that calculate $/SF. If you want a 1547 sf house and a mortgage of $1500/month. You can build for $129/SF. Then you can either decide, do I want cheaper amenities and a bigger house? or more expensive amenities with a smaller house. Lost of decisions! But this forum is a great place to start! Have fun! Here is a link that might be useful: Mortgage Calculator...See MoreAdvice: Renting out a room in our house
Comments (25)I have to say that I never, ever thought of renting a room to anyone. I'm a solitary person and require a lot of privacy. I, too, was approached by a friend about the possibility and every tenant I've had has been through other people. I've never advertized and never would. Maybe the cosmos brought all my tenants and me together, which is why it worked. If you are both bridesmaids to the same friend/relative, I suspect the bride suggested she call you and see if you'd consider having her. It's scary these days to move to a new community and find housing. Lots to make people, especially young female students wary of answering ads on CL, etc. If you think it could work, then have her come and have some serious conversations about expectations. A trial period is a great idea. That would give her some safety and time to consider other options. I really believe you receive back what you put out there - so if it seems fishy, well then that's what you're putting forth. I am not a naive person and totally trust my gut. I felt like I had the space to spare (but my house is only 2000 sq ft and I only share the bottom/main floor - so less than 1000 sf), the people I've rented to are ALL wonderful people who I felt lucky to have come into my life...and they feel the same way. It's really an opportunity to build community, but you should trust your instincts about whether she is "your kind of person." If you get the right vibe from her, I doubt you will regret it and if you don't do it, you'll never know what you may have missed....See MoreRent to own
Comments (17)Marvelousmarvin, I have been checking exclusively at ads posted on Craigslist for Merced, CA, a much smaller city than Gilroy or Fresno and there are actual HOMES I can rent for anywhere from 500-1000 per month depending on the area, size of house etc..I thought about Riverside but that is too far of a commute for us. We lived in Grand Terrace for a short time and were commuting back and forth to Anaheim Hills and we were commuting nearly 80 miles per day and this was last year when gas was still in the mid 2 dollar per gallon range. There is no way we could afford a commute like that with the current gas prices. Metrolink is out of the question because the trains do not run at 9PM so we would have no way to get home. Sparksals, you are absolutely right. The only real reason why we are down here in the first place is because my friends and family live down here and I wanted to live closer so we could see each other more often. Unfortunatly my friends are too busy with their own agendas so we don't really hang out anymore. My parents are very glad that we have moved down here and they like the fact that we come over every sunday evening for dinner. Unfortunatly, even though having us living closer makes my parents happy, my fiance and I are financially struggling and barely have our heads above water and I think things will get worse as time goes on. Moving to Merced will allow us to actually LIVE rather than scrape by. Money saved by not wasting it on rent would go in our savings and can be used in the future for a downpayment on some land so we can eventually put our own home. Besides, it's only a 5 hour drive to visit my folks or we could take Amtrak, which I believe only charges 35.00 per person each way. It ends up not only being cheaper than driving but also much more relaxing too. Thanks to everyone for their advice....See MoreIs $60/hr too much for contractor?
Comments (32)OK, so here's what I think I'd do. You feel some obligation toward him because he's done some things around the house. Also he got these cabs for you for free. Great. Give them a discount on their rent for a couple of months or even one month's free rent if you feel that's waranted. If she's been living there for 10 years, I wonder (and you don't have to answer these questions to us, just food for thought): how many times have you raised her rent? How much is she paying now, compared to 10 years ago? How much rent could you ask of a new tennant taking into consideration current rental prices in today's market? The reason I ask these questions is because IME as a renter, the rent I was paying after years of living somewhere was inevitably lower than current market. The kitchen is in bad condition and you are going to have to fix it up anyway and here is a loyal tennant who is willing to have the work done while she is living there. All this adds up and makes sense. So... go about it the right way. Get professional independent contractors in there to give you estimates. Get material prices yourself and find out what is a REASONABLE price to do the work. In point of fact, $11K might be reasonable. But even if that is the case I still agree that the tennant should not be doing the work. It might turn out ok but what a huge risk! To sum it up, here's what I see: Your tennant wants the kitchen in great shape for her wedding. She's done a lot of legwork regarding materials and her fianchas snagged some free cabs for you and wants to do the work for $4800 + materials which all adds up to >$11K. So now it's time to do your homework. You need to go shopping and pick the materials that you want, based on the fact that it's a rental. Keep in mind that she picked out materials based on the fact that she lives there AND that she's not paying for them. That's not to say that she picked out the most expensive stuff or that she's trying to rip you off. Just that your perspectives are different and that you need to protect your interests. If you were going to remodel the kitchen when she moved out, you'd still have to do this research. Don't let her convince you that she's saving you all the work. $11K is a LOT of money! I would not spend that kind of money without doing my own homework. If she really wants the kitchen redone before her wedding, she's not going to get too caught up in the fact that her fiancé isn't doing the job. They might be disappointed, but business is business and it most likely isn't the first job or last that he doesn't get. If they get upset or angry with the fact that you don't want them to do it, that in itself might say a whole lot!...See Moremike_kaiser_gw
10 years agoAcadiafun
10 years agochristopherh
10 years agoDawnSmith
10 years agomike_kaiser_gw
10 years agoemma
10 years agochristopherh
10 years agoraee_gw zone 5b-6a Ohio
10 years agochristopherh
10 years agosherwoodva
10 years agoDawnSmith
10 years agoElmer J Fudd
10 years agoDawnSmith
10 years agoraee_gw zone 5b-6a Ohio
10 years agoDawnSmith
10 years agoAcadiafun
10 years agoemma
10 years agojoyfulguy
10 years agosherwoodva
10 years ago
Related Stories
HOME INNOVATIONSConsidering Renting to Vacationers? Read This First
More people are redesigning their homes for the short-term-rental boom. Here are 3 examples — and what to consider before joining in
Full StoryDREAM SPACES7 Supermodel Homes and Why Creatives Rent Them
What makes a setting right for fashion and advertising shoots? Find out here
Full StoryHOUZZ TOURSMy Houzz: Reflecting Personality in a Rented Townhouse
Limited in what she could change, a designer uses creativity and eclectic finds to enliven her and her partner's Melbourne home
Full StoryHOUZZ TOURSMy Houzz: Eclectic, Artistic Rented House in Ojai
Original artwork, vintage furniture and vivid colors saturate a designer's quirky Southern California space. And wait 'til you see the swing
Full StoryHOUZZ TVHouzz TV: Goodbye, Skyrocketing Rents; Hello, Waterfront Living
Tired of the congestion and high costs of San Francisco, this young techie bought a boat on the bay. See how she makes it her home
Full StoryLIFEMake Money From Your Home While You're Away
New services are making occasionally renting your home easier than ever. Here's what you need to know
Full StoryDECORATING GUIDESImproving a Rental: Great Ideas for the Short and Long Haul
Don't settle for bland or blech just because you rent. Make your home feel more like you with these improvements from minor to major
Full StorySMALL HOMESMicrounits Are Coming to NYC. See the Winning Design
Say goodbye to only arm-and-a-leg Manhattan rents. This plan for small prefab units opens the door to more affordable housing
Full StoryVACATION HOMESMake Your Vacation Home Pay Off
Renting your vacation house when you're not using it makes good financial sense. These tips can help
Full StoryKITCHEN DESIGN6 Kitchen Fixes for Nomads
Renting? Some Affordable Ways to Make That Kitchen Feel Like Your Own
Full StorySponsored
More Discussions
jannie