Apartment Rental Management

Apartment Rental Management in Worcester County Ma.

Find out why S & R Properties is one of the leading apartment rental agencies in Worcester County Ma.

Remodeling a rental property in Worcester County Ma may seem similar to remodeling a personal residence in many regards, but there are key differences that should be taken into account with your design decisions. This is a property that may be used by kids, pets and more, so durability as well as style are key to making thoughtful design decisions.

Flooring

When remodeling your rental property, you likely will replace the floors. At first glance, you may opt to put in affordable carpeting, and some landlords do plan to replace the carpeting with renter’s grade materials every year or two. Another idea that may be more cost-effective in the long run is to use vinyl adhesive tiles or even ceramic or porcelain tiles. If the ceramic or porcelain tiles become chipped, you only have to replace the broken ones rather than the entire floor. Choose darker grout, and seal the floor for the best results.

Paint Options

The paint colors and type that you select should also be taken into consideration. Most homes use a flat paint color on the walls, but this is hard to keep clean. Eggshell or semi-gloss on the walls is easier to wipe dirt off with. Choose a taupe, beige or other neutral color for the best results as these will hide some of the dirt and are appealing to most prospective renters.

Cabinetry

If you have decided to redo your cabinetry as part of your remodel, you may be wondering if veneer or real wood is a better option. A veneer or laminate material may seem better at first glance because of the price as well as the easy cleaning requirements. However, if these get wet, the wood will warp, and they generally will fall apart much faster. More durable options, such as hardwoods are a better solution even though they are more costly. These can also be wiped clean and may be more resistant to water damage, dents and dings.

Counter Tops

Laminate is the most affordable counter top solution, but it can burn, scratch and dent. If you want your counter tops to continue to look amazing in the space, granite may be a better option. This is because granite will not scratch, dent or burn. It is susceptible to damage from acidic items and harsh chemical cleansers, however. Because of this, you will need to educate your renters about how to care for the granite counter tops.

When remodeling a rental property, you may be inclined to choose cheaper features because you know that renters will be hard on the property and the features will need to be replaced quickly. However, some of the upgraded options are far more durable and may be a better option for a rental property.

The essentials of Property Management in Worcester County

Does my Realtor Understand Property Management in Worcester?

Whether you are looking to flip houses or rent them out, you need to have a good realtor when looking at investment property in Worcester County. The question one needs to ask is How can I manage my property in Worcester County? Many people will look in the phonebook for the first realtor they see and go with it, but do they have the tools, education, and experience to take you where you want to go? If you truly want to be successful, you need to do a little research on which Massachusetts Realtor will be a good match for you and your business. Here are three things to consider when looking for a realtor.

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Condos for sale in Worcester County?

Current Worcester County property values remain very low, but real estate ownership may not be something that really interests you. Many people have no down payment and are not interested in committing themselves to the process of owning and maintaining a property. A great alternative is buying a Condominium in Worcester County. Condominium ownership has proven very popular, because it is a great way to receive the opportunities of home ownership without the hassle of serious maintenance and upkeep. It is a straight forward process much like a home purchase. Purchasing Condos for sale in Worcester County is unlike a home purchase as there is the consideration of the additional cost of condo fees. Condo documents which outline the bylaws of the association are also another factor to consider as some condo associations have certain stipulations that you should be aware of. The documents also present information on the association members and how you can serve on the condo board.

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Using real estate as a retirement tool.

One of the great benefits of our current Worcester County Real Estate market is the extremely low prices. Nationwide, it is easy to find properties more than 50% less than their market highs several years ago. While being tempted to purchase an investment property out of state; you are always much safer to purchase in your own area. Nobody knows home like you do! Places such as Florida and Las Vegas will be many years from a full recovery while more urban states such as ours in Massachusetts will see a much shorter recovery period. Simply put, our highs and lows are not as severe which makes them a better investment choice.

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Tenants and your Multi-Family

Most owners of multi-family properties offering Apartments for Rent in Worcester County lose sight of the fact that they are involved in an income producing enterprise and are business owners. Income generating streams are realized by tenants that live in your building, while growth equity(property appreciation) takes place over time. It is a great opportunity, but surprisingly, most home owners know very little about their business. Choosing the right candidate to live in your building seems quite obvious, but many owners either rush or procrastinate and lose money in the process.

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