You probably came across condos and apartments last time you looked for a new place to live. From the outside, it isn’t always easy to tell these two housing options apart. How can two things that seem so similar have so many differences?

A few big factors separate condos from apartments, and each option has pros and cons. Whether you’re looking for apartments in Atlanta, GA, condos in Chicago, IL, or anything in between, here’s how you can decide which one is best for you.

1. You can rent or own a condo

A condominium, or condo, is a single unit that’s part of a larger complex. Like apartments, you’ll probably share one, two, or three walls with your neighbors. But a different person usually owns each unit. This means that the inside of one condo can vary quite a bit from the interior of another nearby condo, but the exteriors will look almost identical.

Condos can be owned or rented. You can buy a condo like you would a standalone house, with a down payment and mortgage. Residents usually need to follow specific rules set by the complex’s homeowner’s association (HOA).

Some condo owners decide to turn their units into rentals. They’ll require a signed lease agreement, security deposit, and monthly rent like a property manager would in an apartment. But a tenant usually rents a condo from a single landlord. Of course, renting versus buying comes with its own pros and cons.

2. You can usually only rent an apartment

Like condos, apartments are individual units within a larger building or complex. But apartments are more likely to be owned by a company or group of investors and operated by a property management group.

One of the biggest differences between a condo and an apartment is the ability to own them. Almost all apartment complexes are made up entirely of tenants (renters).

You won’t see apartments for sale very often. If you see a “for sale” listing that looks like an apartment, there’s a good chance it’s actually a condo.

When someone does buy an apartment, the owner usually pays a monthly or annual fee to the property management company. They may also need to sign an agreement that only allows them to own the unit for a certain number of years.

3. Condos have different expenses than apartments

Since most people buy condos but rent apartments, the expenses will tally up differently:

Condo expenses

When you buy a condo, you make a down payment like you would if you bought a house. You’ll start making mortgage payments right away unless you buy the home with cash.

In some US cities, monthly mortgage payments are less expensive than rental payments for the same amount of space. On the flip side, renters won’t need to be concerned with big expenses like down payments, closing costs, and repairs.

Condo owners will also need to pay HOA fees. Dues are usually about $200-300 per month, but they can be much higher sometimes.

Condo fees go to the homeowner’s association, a group of people who help make decisions for the community. The money pays for community expenses like landscaping, security, and pool maintenance. Everyone who owns a unit in a condo building pays association fees. 

When you rent a condo, you’ll pay any expenses in your lease agreement, but the landlord usually pays the HOA fees (then bundles them into the rent). In addition to the security deposit and rent, tenants usually still pay for utilities like electric, water, sewer, and garbage.

Apartment expenses

When you first move into an apartment, you’ll probably have to pay a deposit. Deposits can range anywhere from a few hundred dollars to several thousand.

If you keep your apartment in good condition, you’ll usually get all or part of your deposit back when you move out. If you damage the apartment, the property management company can use your deposit to cover repairs to your unit.

You’ll often pay for your own utility costs in an apartment, but some complexes include certain utilities in the rent. If you do pay for utilities, your bills will depend on how much of each utility you use every month.

Either way, carefully reading your lease will help you understand an apartment’s total monthly cost.

4. Different people make (and enforce) the rules

In a condo, the homeowner’s association sets community rules and standards. They’ll decide things like:

• HOA fees
• Exterior features like paint color
• Rules that limit how tenants can decorate outside
• Community quiet hours
• Dispute resolution processes

Sometimes HOA board members are fellow residents in the community, but that can vary by state and association.

On the other hand, an apartment complex is usually owned by a larger company. That corporation then hires a property manager to manage the apartment building. The building owner and manager set the rules and regulations instead of an HOA.

Along with others, these rules will include:

• Quiet hours
• Payment due dates
• Limitations that prevent tenants from changing certain features (appliances, light fixtures, and paint color are common examples)
• Pet regulations
• Proper disposal of trash, recycling, and compost

5. Apartments include free maintenance

One of the primary differences between a condo versus an apartment is who pays for and performs maintenance. In apartments, almost all repairs are free. If your faucet starts leaking or the toilet stops running, you’re off the hook. The repairs are all covered by your rent and it’s up to your landlord to fix the issue.

Preventable problems can be one exception. You might need to pay a small fee to have someone remove a hair clog from the shower or apple core from the garbage disposal.

Apartment buildings typically have assigned maintenance workers, so you won’t need to find a repairperson yourself. Management will simply send one to your unit as soon as they’re available.

When you own a condo, you’ll have most of the control over repairs. Condo owners will need to find their own contractors to perform the repairs and pay for them out of pocket.

Although condo repairs can certainly stretch a budget, there’s one perk: private contractors tend to take less time to visit the home. You might even be able to schedule a same-day visit. Alternatively, apartment repairs can take days or even weeks to complete since one or two handypeople could be responsible for the entire complex’s repairs.

6. Condos may give renters more negotiating power

When you rent a condo, there’s a good chance you’ll work with a landlord who manages one or a handful of properties instead of an apartment management group. This can give you a better shot at negotiating the details of your leased property and lease agreement.

People who rent directly from the condo owner often have more wiggle room on things like monthly rent, rent terms, pet policies, and property updates. Sometimes, your landlord will live in the same condo complex, allowing you to form a more personal relationship over time.

Apartments can include tens or hundreds of units under the same management. That could give you less power to negotiate the terms of your lease, but it also means you’ll hardly (if ever) be in the spotlight. For some tenants, that’s worth the trade-off.

7. Apartments may be more predictable

On average, renting an apartment tends to be a little more predictable than renting or owning a condo.

You can form a pretty good mental picture of life in a particular apartment based on that building’s online ratings and reviews. You can also post on local apps or message boards asking current or former tenants for their opinions. If the complex is still under the same management, this gives you insight into the way everything is run.

If you rent a condo, the expectations aren’t as straightforward. You might be able to find feedback about the overall condo complex, but it’ll be hard (or impossible) to find that information from former tenants, since each unit may have a different landlord.

You can always take any concerns directly to your landlord before signing a lease, but it’s up to them to stick to their word once you’re living in the unit.

8. Amenities can vary with both

While one apartment complex has a doorperson, state-of-the-art fitness center, and rooftop deck, another has a sprawling swimming pool, scenic views, and modern security features. The same goes for condos. One complex might stick to the basics while the other has more bells and whistles.

No matter what, you can almost always count on one thing: paying a higher rent when a complex has more amenities.

9. There are different types of condos and apartments

You might be surprised by how many different types of apartments and condos there are. These dwellings come in several shapes and sizes:

Common types of condos

• Common elements condo
• Freehold condo
• Leasehold condo
• Phased condo
• Standard condo
• Vacant land condo
• Co-op

Common types of apartments

• Studio apartment
• Efficiency apartment (also called a micro-apartment)
• Loft apartment
• Low-rise, mid-rise, or high-rise apartment
• Garden apartment
• Walk-up apartment
• Penthouse apartment
• Luxury apartment
• Co-op

10. Condos and apartments both have pros and cons

Each option has certain perks and drawbacks. Try to take these factors into consideration before you choose which type of home to live in:

Condo pros

There are many benefits to owning a condo, such as:

• More freedom to personalize your home
• More say over community rules and spaces
• Ability to address maintenance concerns yourself
• Ability to sell your condo when you move out
• HOA pays for most exterior condo maintenance
• Build equity through homeownership

When you rent a condo, you may:

• Have more freedom to customize the home’s interior
• Get to know the property owner better
• Have more negotiating power in the lease
• Rent a different unit in the same complex if you don’t like the current landlord

Condo cons

Condos aren’t perfect, though. Owners will find that:

• Maintenance can get expensive
• Arranging contractors for repairs can be time-consuming
• HOA fees can add up in a hurry
• Certain HOA rules and decisions can be frustrating

And for condo renters:

• It’s hard to know what to expect from a specific landlord
• Each condo is different inside, which could mean more features to take into consideration

Apartment pros

• Free or reduced-cost apartment maintenance
• More predictable expenses
• More amenities, in many cases
• All tenants usually follow the same rules
• More information available about the property and management

Apartment cons

• No return on your investment when you move out
• Management may be less likely to negotiate rent or other parts of the lease agreement
• More restrictive rules regarding maintenance, pets, and property updates

Condo vs. apartment: A side-by-side comparison

The post Condo vs. Apartment: 10 Differences Every Renter or Owner Should Know appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Colorado Springs, CO, a Rocky Mountain West haven, has risen in popularity for those looking to rent or buy a home in the state. With its easy access to all Colorado has to offer and iconic views of Pikes Peak, it shouldn’t come as a surprise nearly 500,000 people call this vibrant city home. As more people move to Colorado Springs, it’s important to keep in mind that the median home sale price is $465,000, and the average rent for a 2-bedroom apartment is $1,500.  

If you’re looking for a suburb that’s more affordable or similar in price to Colorado Springs, we’ve got you covered. We’ve collected the seven most affordable Colorado Springs suburbs to consider moving to. And the best part is that they’re all less than 40 minutes away from the city center. Keep reading to learn if one of these suburbs is right for you.

#1: Stratmoor

Median home price: $352,000
Driving distance from Colorado Springs: 10 minutes
Stratmoor, CO homes for sale
Stratmoor, CO apartments for rent

With a median home sale price that’s more than $100K less than Colorado Springs, Stratmoor claims the first spot on our list of affordable Colorado Springs suburbs. About 6,500 people live in this suburban area, and you’ll only be about 10 minutes away from downtown. Living in Stratmoor, you can spend time exploring Stratmoor Valley Park and Trailhead or Quail Lake Park.

#2: Security-Widefield

Median home price: $428,000
Driving distance from Colorado Springs: 15 minutes
Security-Widefield, CO homes for sale
Security-Widefield, CO apartments for rent

Security-Widefield is Colorado Springs’s second most affordable suburb. About 15 minutes from downtown Colorado Springs, you’ll be back in the city in just a quick drive. Some popular parks in Security-Widefield are Widefield Community Park and Quail Lake Park. When living in this suburb of 40,000 people, you can also spend the day checking out the charming downtown.

#3: Fountain

Median home price: $440,000
Driving distance from Colorado Springs: 15 minutes
Fountain, CO homes for sale
Fountain, CO apartment for rent

15 minutes outside of the city, you’ll find yourself in the suburb of Fountain. Even with a population of about 32,000, there are plenty of unique spots to visit in Fountain. If you find yourself moving to the third most affordable suburb, make sure to visit Fountain Creek Regional Park. 

#4: Cimarron Hills

Median home price: $425,000
Driving distance from Colorado Springs: 15 minutes
Cimarron Hills, CO homes for sale
Cimarron Hills, CO apartments for rent

Cimarron Hills, the next suburb on our list, is a little more expensive than Fountain. With roughly 18,500 residents in this Colorado Springs suburb, make sure to stop by Mosko Park and Lost Island Adventure Park for an afternoon of fun. And weekend trips into downtown Colorado Springs won’t take you too long, only about 15 if you’re lucky to catch a traffic-free drive. 

#5: Calhan

Median home price: $475,000
Driving distance from Colorado Springs: 40 minutes
Calhan, CO homes for sale
Calhan, CO apartments for rent

Only a 40-minute drive into the city, consider adding Calhan to your list of Colorado Springs suburbs to consider living in. Home to 900 residents, this affordable town can be an excellent choice for people looking to remain close to Colorado Springs. In Calhan, you can spend the day in the Calhan Paint Mines Archeological District or at the El Paso County Raceway.

#6: Ellicott

Median home price: $487,000
Driving distance from Colorado Springs: 30 minutes
Ellicott, CO homes for sale
Ellicott, CO apartments for rent

A recognizable Colorado Springs suburb is Ellicott, where the home prices are about 20k more than in Colorado Springs. Home to roughly 1,000 people, Ellicott is a great suburb to consider moving to. From Corral Bluffs Nature Preserve to favorite local restaurants, you won’t get tired of all the things this great area has to offer. 

#7: Gleneagle

Median home price: $565,000
Driving distance from Colorado Springs: 20 minutes
Gleneagle, CO homes for sale
Gleneagle, CO apartments for rent

Rounding out our list of affordable Colorado Springs suburbs is none other than Gleneagle. With a population of nearly 7,000, Gleneagle is an excellent area to live in that’s not nearly as big as Colorado Springs. Don’t miss out on visiting Fox Run Regional Park and exploring the Western Museum of Mining & Industry once living here.

Methodology: Affordability is based on whether a suburb is less than the median sale price of Colorado Springs and under a 40-minute drive from downtown Colorado Springs. Median home sale price data from the Redfin Data Center during June 2022. Rent data from Rent.com June 2022. Population data sourced from United States Census Bureau. 

The post 7 Most Affordable Colorado Springs Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Finding affordable apartments has become a challenge, especially as inflation continues to affect home and rental prices. This is especially true if you’re a first-time renter, like a student or a new professional. As prices continue to increase, people are looking for smaller apartments to stay within their budget. A popular option for many people is the micro-apartment. 

Micro apartments have existed in Europe since the 1950s. Currently, they are an extension of the micro-living movement and can be a good option for those looking to live with less space and money. Many people choose these spaces even if money isn’t a factor. So whether you’re a first-time renter in Seattle, WA, or a seasoned apartment hunter in San Francisco, CA, read on to learn more about these efficient spaces to see if they’re right for you. 

What are micro-apartments?

As living has gotten more expensive and tiny living more mainstream, micro-apartments have become a popular choice for many renters. They’re usually located in dense urban areas, like New York City, NY, where space is priced at a premium. These tiny spaces typically have a main room with a small kitchen, a bathroom, and sometimes a balcony. Some are purely efficiency spaces similar to a hotel room, while others provide standard amenities. What many micro-apartments often lack in space and amenities, they make up for in convenience and affordability. 

Not all micro apartments are the same. Some share common spaces with other units. Michael Abramsky, Senior Credit Consultant from Credit Firm, believes they can be a good option for some. “If you don’t mind sharing a restroom and cooking area with your neighbors, you can live in some of the most desirable urban areas without paying titanic rental prices.” 

Square footage

Micro apartments are generally 100-500 sq ft., although most average between 250-400 sq ft. For scale, the average two-car garage is about 400 sq ft., meaning many micro-apartments are smaller than that. 

Layout

Similar to a studio apartment or efficiency unit, a micro-apartment is typically a single room that serves as a combined living room, bedroom, and kitchen. They often have a separate bathroom as well. Some have an elevated loft area that can serve as a sleeping space, and many have a balcony.

However, not all micro-apartments are created equal – the key to thriving is utilizing the space well. You want to feel comfortable living, sleeping, and cooking in a small room without sacrificing comfort. Because demand is growing, architects and developers are finding new ways to squeeze more amenities into smaller spaces. Some of these tactics include built-in storage, multi-purpose furniture, and utilizing vertical space. Whatever it looks like, make sure your unit works for you. 

How much do micro-apartments cost?

Because of their smaller footprint, micro-apartments tend to cost about 20-30% less than traditional-sized units. “With the rising inflation rate and current economic climate, a micro-apartment may be a good solution for some renters,” says the team at Valiant Credit Repair Services. “They can suit individuals looking to save money or who have a career that involves a lot of travel.”

You can generally find plenty of moderately-priced units in most major cities. There are plenty of options if you’re looking for something fancier, especially with the rise in luxury living. New developments often include next-level amenities like state-of-the-art workout spaces, rooftop terraces, and concierge services. If you’re living in a luxury building, a micro-apartment can cost more than a larger apartment in a cheaper building. 

Pros and cons of a micro-apartment

Pros

There are many pros to downsizing. Most importantly, less space means spending less money on utilities such as electricity, heating, and cooling. But beyond that, there are many more pros to downsizing to a micro-apartment.

• Location: Average rents on a one-bedroom unit might be too high for your desired neighborhood; going micro can create affordable options. Claire Kidwell from Moments Real Estate suggests micro apartments for people on a tight budget who still want to live in high areas with high rental costs. “Micro-apartments can offer unique access to housing locations that would otherwise be inaccessible to many people. In some instances, they only provide communal kitchen space and bathrooms.” 
• Less is more: Because of limited space, moving to a micro-apartment is an opportunity to downsize and get rid of anything you don’t need.
• Easier to maintain: Living in a micro-apartment means you don’t need to spend as much time cleaning or tidying up. Also, “customizing a small unit can often be a fun, creative design experience,” says Jonathan Sze from Seattle Modern Homes. “Some of the most charming and thoughtful interior designs and arrangements are found in small, unique spaces.”
• No roommates: Micro apartments are perfect for one to two people. While multi-functional furniture such as sleeper sofas can provide temporary extra sleeping space, there isn’t room for two separate beds. Micro-apartments are an attractive and affordable option for those seeking to escape the communal living experience.

Cons

While they are great for many people, micro-apartments have their downsides.

• Storage: Even the most efficient micro-apartment has limited storage. You will likely have to downsize or purchase a storage unit. Joni Foerter, Owner of The Back Dorr, suggests staying organized. “If you live in a micro apartment, be sure to stay organized. Keep essential items and let everything else go.” 
• Hosting: Inviting your friends for dinner may be challenging in a micro-apartment; there’s little room for people to sit.
• Upscale = expensive: While a smaller footprint typically means a smaller payment, some micro-apartments are located in luxury buildings with better finishes and amenities, all of which come at a cost. “Micro-apartments are perfect for minimalists on a budget or who want to live in a desirable area,” says Gina Stern of PropertyOnion.com. “Unfortunately, they’re becoming more popular and expensive, and don’t allow space for parties or a larger family.”
• No space to expand: Micro apartments are great for tenants at certain stages of their lives. Unfortunately, they don’t provide space for those considering adding children or aging family members to their household.

Why are micro-apartments becoming popular?

Because of the tiny living boom and significant housing shortage, many people live in smaller homes. This is especially true in large cities, which is where you generally find micro-apartments. “Micro-apartments are becoming more popular as inflation rises and the housing crisis continues,” says Mary Beth from The How-To Home. “These small spaces offer an ideal solution for people who want a smaller place but don’t necessarily need all of the amenities found within larger homes.” 

Interestingly, 82% of current micro-apartment residents weren’t initially seeking a smaller unit. However, the location was the deciding factor for most of them when choosing their space. “Micro apartments are gaining popularity among young working professionals because of their affordability and location,” says Nikki Lui from The Cal Agents. “They are often close to shops, restaurants, and access to public transit.”

Where can you find micro-apartments?

You can find micro-apartments in cities worldwide, notably Singapore, London, Paris, Hong Kong, and Tokyo. In the U.S., most big cities have plenty of options — New York, San Francisco, Washington D.C., Seattle, and Denver are hotspots. 

As the housing shortage continues and remote work flourishes, developers are seeking housing opportunities in dense areas. Creative developers are also rehabbing unused office space into micro-apartments, leveraging the existing building infrastructure (elevators, stairwells, plumbing, etc.) to offer a more cost-effective approach to creating a large volume of new units.

Pro tip: micro apartments are great for building developers

Micro apartments are not only appealing to renters, but they also attract investors and real estate developers. Like tiny homes, they generally sell for a higher cost per square foot, are easier to rent out, and maximize the building’s living area. – Andy Arakaki from Real Estate and Living Hawaii

Who lives in micro-apartments?

All people live in micro-apartments for many reasons. However, they often appeal to young, professional urbanites or wealthy business people. “Your housing needs vary at different stages of your life,” says Triya Smith, Co-founder of Great Vibes Cleaning. “Perhaps you don’t host large dinners, and you bike or use public transportation to get around. Choosing affordable housing in livelier neighborhoods while reducing your environmental impact is a win-win.” Anybody who values convenience and proximity to their job or school is an excellent fit for a micro-apartment.  

The micro life is beginning to appeal to older renters as well. Empty nesters and retirees are also embracing the appeal of downsizing. 

Pro tip: consider your rental priorities before going micro

Micro apartments often target a niche tenant market, result in a revolving door of tenants, and can be costly to furnish because you’ll need multifunctional furniture and storage solutions. Ultimately, whether you work from home or commute for work, it’s important to consider your rental living priorities before trying an urban micro apartment for size. – William Logan, REALTOR with Hunt Chicago

How to make micro-apartments work for you

The key to making a micro-apartment work is thinking creatively; traditional organization and layouts likely won’t work. “Micro-apartments are great for a minimalist or someone looking for a budget-friendly space,” says William Ninoyan from Pyramid Credit Repair. “However, it can be challenging for most looking to move in with a loved one or pet because of the limited space.” 

Here are a few tips to help create a comfy and welcoming environment.

• Consider the apartment’s layout, shape, and features: More traditional square or rectangular spaces will feel larger and more open than those with sharp angles, tiny nooks, and small windows. 
• Look for furniture that can serve many purposes:  Compact apartments benefit from furniture that can perform multiple functions. Try adding a removable-top ottoman to create a small table and extra storage. For the work-from-home crowd, a kitchen table can double as a desk.
• Think about a Murphy Bed: While more expensive than traditional sleeping solutions like beds and futons, Murphy Beds are the easiest way to create space in a micro-apartment. Considering that you only use it for a third of the day, investing in a space-saving option creates lots of space.
• Try living vertically: You have an advantage if your unit comes with a loft or built-in floor-to-ceiling storage units. But even if it doesn’t, there are several options that will work, including customizable wardrobe systems and floating shelves.
• Keep it clean & clutter-free: Decluttering is crucial. Before you move in, decide what you need and can throw away. Then, make sure everything has a place. Livable space is at a premium in a micro-apartment, so use a combination of storage options to make it work for you.

Micro apartments: are they right for you?

While they may not be a great solution for everyone, micro-apartments offer benefits that meet the needs of many renters. As you’re thinking about your next space, take the time to list out the features that are most important to you, and consider micro options as you search. If you decide to rent one, ensure you’re ready for the unique living situation they provide.

The post Micro Apartments: Are These Small Living Spaces Right For You? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

From its exceptional arts and culture to its music scene, Raleigh, North Carolina has been enchanting couples for years and years. Lovers of all kinds can enjoy a picnic in Nash Square or dinner in the Capital District. You’ll never be short of romantic things to do in this city, but if you’re in need of some ideas, we’ve got you covered. 

We’ve curated a list of the most romantic places and experiences in Raleigh so that you can plan the perfect date. So whether you’re moving into an apartment in Raleigh, NC with someone special, or want some ideas to take yourself out, read on to see the local recommendations that will make you fall in love with the city.

Romantic things to do in the Glenwood South neighborhood

One of downtown Raleigh’s well-known neighborhoods, Glenwood South, is filled with restaurants, art, music, and shops – all within walking distance of each other. This area is the perfect place to fall in love all over again. . 

Latin-influence fine dining

Enjoy exquisite Latin-influenced fine dining at Cortez and try my absolute favorite dish “Gambas al Ajillo” I’ve never tasted a dish so delicious. I keep going back for more. I promise you won’t regret this dinner decision. – Karen from Karen Salinas Photography

Romantic dinner and dessert downtown

If you’re a foodie, Raleigh is for you. We suggest Second Empire Restaurant and Tavern. Chef Daniel Schurr is brilliant. If dessert is what you seek, we love Pastry Chef Daniel Benjamin at Lucette Grace. Or join us for a taste of our secret coffee recipe and experience a quiet, quaint, and unique space. – Nicole from Larry’s Coffee

Romantic things to do in the Fayetteville Street neighborhood

Centrally located, Fayetteville Street is known for being the business corridor of Raleigh. You’ll find a plethora of activities and shops that are sure to sweep you off your feet. From escape rooms to dining, read on to see what your perfect date could be.

Try an escape room

Escape rooms are a great way to interact, but the spookiness of a 140 years old brick tower adds even more to the ambiance. After your activity, head to Morgan Street Food Hall to recap the experience and enjoy food and refreshments from one of 14 vendors. – Valerii from Towere Scapes

Wine and dine to your heart’s content

If you’re looking to try something new and show your significant other an exceptionally memorable night, start the night at Garland, an innovative Indian and Asian restaurant led by six-time James Beard Awards Semifinalist. Be sure to try the famous Cauliflower 65 and Lemongrass Pork Lettuce Cups. – Kendra from The Lavish Bohemian

Experience a romantic evening with patio dining 

My number one date night recommendation is always Whiskey Kitchen. Located in Downtown Raleigh, its patio full of string lights and cozy seating inside has all the romantic feels. My must-haves there are the Crispy Chicken Sandwich and you better not leave without dessert, the Shoo Fly Pie is amazing. – Anna from The Coffee Table

Try Raleigh’s most iconic breakfast spot

Craft a romantic day in the heart of downtown Raleigh by beginning the morning with a hearty breakfast at Raleigh’s oldest and most iconic restaurant, The Mecca. Cheers with hot coffee or mimosas and split a giant plate of pancakes smothered in sweet syrup. Around the corner, rent electric bikes and whiz around town exploring our beautiful parks like Moore Square or Dorthea Dix. – Emily from The Mecca Restaurant

Check out the Morgan St. Food Hall

Home to over 100 murals, Downtown Raleigh’s streets are the perfect venue for a laid-back date night. We recommend heading to Morgan Street Food Hall and grabbing a tea from Boba Brew or ice cream from Raleigh Rolls to-go and then taking your date on a walking tour of the area’s vibrant streets. It’s a great way to explore Raleigh’s neighborhoods and see some of the city’s beautiful art. – Aleah from Happily Ever Exploring

Romantic things to do in the Moore Square neighborhood

As the center of transportation, Moore Square District is easily the densest district in the city. From newly renovated parks to shops and restaurants, this is a great place for a romantic stroll.

From coffee shops to breweries, there are many places to visit

Moore Square is the place to be for a nice date night. Whether it’s Italian at Vic’s, sushi at City Market, Asian-inspired cuisine at Brewery Bhavana, and more. A nice stroll through Moore Square or you can pop in to grab a coffee at Sir Walter Coffee Shop or head east towards the Transfer Co Food Hall where there’s Burial Brewery and dozens of restaurants to choose from. – Ryan from Raleigh Realty

Go to an intimate restaurant

A date night go-to in Raleigh is Bida Manda. It’s a smaller restaurant, and the location is on a low-key, tree-lined street definitely enhances the intimate vibe. It is positioned directly in between a craft brewery and a small concert venue, with a couple more great local spots if you want to keep the night going after dinner. Menu-wise, you can’t go wrong with the Pad Thai. – Brandon from Duncan Prime Realty

Plan the perfect picnic

What could be more romantic than being with the one you love, in a field of green, and dining in the open air? Plan a picnic and you’ll be greeted with chilled sparkling mineral water in champagne flutes and as you’re escorted to your luxury picnic, you’ll step back in time. Enjoy an afternoon with everything you’ll need for a romantic and exceptionally memorable experience – Angela from Southern Picnic

Photo Courtesy of Southern Picnic

Romantic things to do outside of downtown Raleigh

If you live outside downtown Raleigh, somewhere like North Hills, NC for example, don’t fret, there are various romantic things to do all over the city. From dessert that will make your mouth water to couple-massages, you’ll have everything you’d need.

Satisfy your sweet tooth with a dessert date

Cocoa Forte offers New York-style vanilla cheesecake dipped in a variety of chocolate dips with toppings. We would suggest our Cocoa Caribbean with a Raspberry drizzle to send you to a tropical place in your mind. The frozen cheesecake is perfectly rich with the taste of key lime in every bite. – Nicole from Cocoa Forte

Grab a smoothie together

Get your coffee fix together in the most healthy and delicious way with our Mo Mocha Smoothie. It provides a sustainable buzz from locally brewed coffee. Lightly sweetened with bananas and chewy pieces of date. Layer in house-made chocolate sauce for a sweet bite of semi-sweet chocolate. – Kelly from Juice keys

Opt for a romantic dinner outside

For a romantic night out, make a reservation for a table under the tree and start with our local favorite Old Fashioned and ask for it to be smoked! Start with an order of our Bacon Wrapped Scallops, perfect for two, and savor while deciding between the Meat Lasagna or the Blackened Fish Tacos. Whichever you decide on, when you catch the perfect sunset and the lights on the tree, you’ll want to stay all night. – Breanna from Poppyseed Market

Massage your problems away with a couple’s massage 

Start your day with coffee, a chocolate croissant, or crepe from Hereghty’s Heavenly Delicious then head to The Umstead Spa for a couples massage and lunch. After lunch, take a stroll around downtown before your reservations for dinner at The Second Empire restaurant. The seasonal menu never disappoints. – Emily from The Coley Group

Be a tourist in the city and experience local favorites

Start the day off with a tour of the North Carolina Museum of Art and take advantage of the outdoor “Art in the Park” as a creative experience. After your trip, be sure to grab a pre-dinner cocktail and Spanish Tapas appetizer at the Barcelona Wine Bar. End the night with a nightcap at 10th and Terrace Rooftop Bar to take in the Raleigh nighttime skyline. Being in the heart of Raleigh, you have access to an abundance of highly recognized upscale hotels. – Matt from New Home Inc

Romantic things to do in Raleigh, NC bottom line

There are many romantic things to do in Raleigh. Hopefully, these local recommendations give you the inspiration you need to share a romantic day with someone special. So whether you’re moving in with your significant other, or you both are making the move, fall in love with Raleigh North Carolina.

The post Moving in together? Check Out These Romantic Things To Do in Raleigh, NC That You’ll Both Love appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Selling your home can be stressful, especially if you’re on a time limit or have financial constraints. Whether moving quickly for a new job or personal reasons, you’ll need to get creative with your plans to increase your chances of selling your house fast. The main concern is that having a home on the market longer than a few weeks can indicate to other homebuyers that there may be a problem with the house. That could mean fewer interested buyers, fewer offers, and possibly a smaller sales price. Luckily, there are a few tactics you can use to help sell your old home quickly and get into a new one right away.

In this guide, we’re covering all the key details of selling a home fast, including:

• • Deciding if you’re ready to sell your house
  • How to prepare for your home sale
  • Creating a selling strategy
  • Marketing and showing your home
  • Mistakes to avoid

Decide if you are ready to sell your home

In the face of a strong seller’s market, the prospect of selling for top dollar may be too good to pass up for some. But the decision to sell shouldn’t be based solely on the market. You need to also consider the specifics of your needs and your financial situation. Here are a few things to consider.

Can you afford the cost of selling your house?

While most people fixate on the 6 percent real estate agent fee, the cost of selling your home is actually more. It costs close to ten percent of a house’s selling price to sell your home. In addition to real estate commissions, you may also have to pay for:

• Repair and renovation
• Landscaping and lawn care
• Home staging, photographs, and cleaning services
• Seller concessions
• Transition and overlap costs
• Potential tax bill
• Moving costs

If you haven’t built adequate equity in your home, it may not make financial sense to sell. You can estimate your equity by subtracting what you owe on your home loan from the potential sales price. To get an idea of what your home will sell for, you can also use a home sale proceed calculator. Also, consider looking at real estate comps in your area and be sure to look at homes that are similar in home size, lot size, and updates to yours.

Can you afford to buy a new house?

If you’re selling for top dollar, you’re likely to make a profit on your house, which depending on how much you profit, you could owe capital gains tax. You can delay payment by reinvesting in another house, which kicks the tax down the road until you “realize” the gain. This is called a 1039 Exchange, and you should talk to your accountant about it before deciding to sell.

But even if a tax burden does not loom over you, you still need to consider the cost of moving into your new home. If you plan to buy a house instead of moving back into a rental property, as most home sellers do, you may find yourself in a high-intensity market where you need to make offers quickly. You’ll also need to consider closing costs on your new house, typically three percent of the purchase price.

And even if you don’t plan to buy, you still need to cover the cost of moving, which the average person spends between $800 to $2,200 to move in-town. While a cross-country move costs $4,000 on average.

Is selling your house the best option?

If you’re looking for certain interior features or more space, it may make more sense to renovate your current house. This is especially true if your home is valued on the lower end of your neighborhood market. Updating your home to your exact needs not only gets you the living space you desire but can also earn you a better return on your investment. Plus qualifying renovation costs are tax-deductible.

Have you sat down to consider exactly why you want to sell your house? If not, now is the time to get clear on what outcomes you want to achieve by selling your home or if you can get the same outcomes through home renovation or other means, be sure to consider what fits your needs best.

How to get a house ready to sell quickly

A little preparation will go a long way in getting your house to sell quickly and for the best price.

Pre-listing preparation tips

Before your real estate agent puts your house on the market, you need to prepare it for potential buyers. Just like showcasing merchandise in a store, you need to showcase your home for wide appeal. Here are our best-selling tips:

• Decluttering: This is your first step, and it’s a doozy for anyone who isn’t a minimalist. Decluttering your home means pulling all unnecessary items from shelves, table tops, counters, and other surfaces. You want your home to look as much like a hotel as possible.
• Depersonalize your home: Though it may pain you, it’s always best to remove personal items like photographs and personal collections from your home. You want your house to be a blank canvas which potential buyers can picture their future home.
• Temporary storage: Where do you put the clutter you keep and your personal effects? Using a local storage company, ideally temperature-controlled, is a great way to go so your stuff is completely out of the way for showings and home inspections.
• Cleaning: Everyone loves walking into a clean, fresh-smelling home. Deep cleaning, which includes tasks like bleaching grout work, is your best friend. If it’s affordable, you can hire a professional cleaning company to get your home in the best shape possible.
• Painting: If your home is painted in bold colors, you should consider repainting your home in neutrals. Hiring professional painters will cost between $1,200 to $3,900, while a DIY option is the cost of paint, supplies, and your time.
• Staging: Furnishing rooms to showcase their potential (and downplay their flaws) is called staging. You can stage your home with your belongings with or without the help of a professional. Full professional staging costs around $2,500 depending on where you live.
• Curb appeal: The book is always judged by the cover when it comes to real estate. Having a well-kept lawn, tidy landscaping, and fresh-looking paint is a great way to make an inviting first impression.
• Renovations: If your home needs renovations and it’s in your budget, paying for renovations can pay off big time. Adding a half bath or remodeling a bathroom, upgrading your appliances, and refinishing a deck are all smaller projects that can make a huge impact.
• Photography: Getting amazing real estate photos and, ideally, having a 3D home tour attracts more buyers and tends to sell for higher prices. In a fast-paced market, buyers want to know as much as possible about a home before they go see it.

Find the right real estate agent for you

Working with a real estate agent is the easiest way to sell your house without selling to an iBuyer. Real estate agents tend to earn higher sales prices for their sellers when compared to other selling methods. Plus, they have intimate knowledge of the market and the process. They will know how to accurately price your home, how to market it effectively, and what types of upgrades are worth your investment to attract buyers.

Create a selling strategy

Strategies for quick home sell options

There are a few ways to quicken the home sale process.

For Sale by Owner (FSBO): If you don’t want to sell with an agent, you can list the property yourself. We don’t recommend using For Sale By Owner (FSBO) unless you are already familiar with your local real estate market and the home selling process, including all the documents you need to sell your house. Those with knowledge can sell homes quickly and save money on agent commissions.

Sell to an Ibuyer: Another fast way to sell your property hassle-free without a realtor is by using an iBuyer company. These companies pay cash for properties and determine pricing based on their own data and algorithms. You might not get top dollar from an iBuyer, but the process is certianly fast and hassle free.

Sell to an investor: Another option is selling to a developer or a real estate investor. Both options mean you’ll be working with professionals— people who do deals like this every day. They tend to offer cash and have the ability to move quickly. But, you shouldn’t expect to get the very best price possible using this method.

Decide the right price to sell your home

Your asking price determines the group of prospective buyers you’re targeting, as buyers often search for homes within a specific price range. It could also signal the condition of your home, such as a house priced under market value might signal that it needs renovations, for example.

Pricing is dependent on the market. Real estate agents use real estate comps— comparable home sales— to price your home accordingly. The agent reviews recent sales of homes in your neighborhood. They will look at homes with similar square footage, lot size, bedrooms, bathrooms, and other features. The collection of comparable homes becomes the pricing gauge that determines what the market will bear for your house.

When pricing your home, you can include sales incentives to sweeten the deal. Consider leaving behind non-permanent fixtures like a pool table or hot tub. You can also include a home warranty subscription of at least one year, just be sure to use a reputable company.

A home priced too high compared to its fair market value, it’s unlikely to attract many buyers. Even if it does, buyers can run into problems with their lenders if the house doesn’t appraise for the amount offered by a buyer. If you overprice your house, you can always reduce your price to bring multiple buyers to the table.

Create the best listing description

A listing description accompanies your house’s photos and spec sheet on the MLS which then can be seen on real estate websites. Your listing agent should be able to write an excellent description of your house for the MLS. You can always review your agent’s other listings to see if they do a good job writing descriptions, or you can even write the description yourself.

Good listing descriptions include keywords that homebuyers are looking for, such as move-in-ready, for example. The listing should also include highlights of the home’s best features, such as:

• Fenced-in backyard
• Chef’s kitchen
• Farmhouse sink
• Wrap-around porch
• Hardwood floors
• Vinyl windows
• New siding/roofing/etc

It’s also a good idea to include the age of appliances like your HVAC so long as they’re newer.

Post your listing at the right time

Research shows that the best day to post your listing to sell quickly is Thursday. The reason behind this is that buyers are getting ready to view houses, typically viewing on the weekend, and with new listings tending to be seen first.

Your experienced real estate agent may have additional insight to share about when to list as well depending on your local market.

Accommodate showings as much as possible

The more people who see your house, the more offers you’re likely to get. When you receive multiple offers on your house, you’re able to choose one that fits you best. That can mean opting for the highest price or the ability to close the fastest.

You can show your home in a few common ways. The most common is through private showings where the buyer’s agent walks the buyer through your house. This is usually easier for the buyer. You can also have an open house, where your realtor welcomes multiple buyers with and without agents into your house on a specific day and time. This is generally easier on the seller.

Online a video and 3D walkthrough of your house can accommodate people who cannot make an open house or are buying long-distance.

Incentivize potential buyers

There are a few ways you can incentivize buyers for a fast house sale which include the following:

Offer a furnished home

If you happen to be downsizing, including pieces of furniture in the deal might be a good incentive for buyers. Instead of listing furniture on websites and having to move it, you can consider making it an incentive.

Offering to pay closing costs for the buyer

Not only do buyers have to pay for a down payment, but also moving expenses among many other things. By offering to pay the closing costs the buyer might be more interested in putting an offer down on your place than a competing house for sale since the buyers would keeping money in their pocket.

Offer a bonus for a closing date

To help you get a home sell across the finish line, offer a closing deadline date with a small bonus for the buyer. If you need to close quickly for tax purposes, consider offering a seller’s credit to the buyer and even a bonus commission for the buyer’s agent.

Offer to buy down their interest

Lenders usually offer buyers an interest rate when they need a mortgage to purchase a home. If buyers want to lock down a lower rate, they can pay an upfront fee known as a point. Paying upfront can be referred to as “buying down the rate,” and you as a seller can offer this incentive to the buyer.

Mistakes to avoid when selling a home

There are many easy-to-make mistakes when it comes to selling your house. Luckily, they’re all avoidable. Here are common mistakes:

• Setting an unrealistic price: Pricing accurately for your home, neighborhood, and market can be tricky. Realtors use real estate comps to price houses accurately.
• Hiding major problems: Nothing will have a buyer breaking a contract or renegotiating faster than finding a hidden issue. Major problems also signal to buyers that other hidden issues may be present. Even buyers who include “as is” in their offer can still walk away when a major problem is uncovered. Always be upfront about your home’s problems in the seller’s disclosures.
• Not preparing for the selling process: Fully preparing for the quick sale of your home takes time and planning. Skipping steps increases the likelihood of your home staying on the market longer than necessary and potentially lowers your sales price.
• Not accommodating potential buyers: Making sure your home is accessible for open houses and individual viewings is very important. People do not want to buy houses sight-unseen.
• Not having high-quality listing photos: Buyers scrolling through real estate apps are much more likely to review a listing that has eye-catching, high-quality photos. Photos taken with a smartphone on a sunny day can also work. The more buyers who show interest in your house, the more offers you’re likely to receive.

Sure, it usually takes an investment of time and money to avoid these mistakes. But most often it’s worth it.

FAQs on how to sell a house quickly

What is the fastest way to sell your house?

Selling your house to a cash buyer is the fastest way to sell a house. You can sell with a realtor, by owner, or with an iBuyer company. An iBuyer company is one that uses a proprietary algorithm to buy and sell homes, and it’s your fastest but not necessarily most profitable option. Accepting a cash offer with the help of a realtor is your best option to sell quickly and for the most profit. Though non-cash offers may be more profitable, they usually take a month or so to close.

Where do houses sell the fastest?

Houses in Nashville are selling the fastest as of April 2022. Nashville is followed by Omaha, Salt Lake City, Cincinnati, Birmingham, Charlotte, Denver, Las Vegas, and San Francisco. In these markets, homes are selling in less than 30 days on average.

What is the best month to sell your house?

For most of the country, spring is the best time to sell your house. Home listings in March and April sell faster than in other months and for the most money. If you’re not able to sell you home in March or April, then May is also another considerable month to put your house on the market. 

What size house sells the fastest?

Houses between 1,500 and 2,000 square feet tend to sell the fastest as this size is appealing to many kinds of buyers.

The post A Guide On How To Sell Your House Fast appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

As a renter, one of the biggest questions you’ll have to answer is whether renting a house vs an apartment is the right decision for your needs, budget, and lifestyle. Apartment living and living in a rental home can be very different options, but overlap in many ways. So whether you’re renting in Boston, MA, or living in Raleigh, NC, you’ll have to decide which rental property fits your needs.

To help make the decision between these two options easier, we’ll outline the pros and cons of renting an apartment or a rental house.

Renting a house vs renting an apartment 

There are many factors that go into the decision between renting a house or renting an apartment. Depending on the city you live in, this may be an easy choice. For example, there may simply be more apartment units available to rent than there are houses for rent.

However, in cities where the rental market is more competitive, you’ll have to consider your options carefully. Whether you’re sticking to a strict rental budget or you’re looking for a pet-friendly rental, there are many reasons why you may be considering renting an apartment or a house.

Pros and cons of renting an apartment

Apartment living is something that many people experience – especially if you’re a first-time renter. But apartment life isn’t for everyone and there are pros and cons to consider. Let’s dive into the common advantages and disadvantages of renting an apartment.

Pros of renting an apartment

Budget: Typically, renting an apartment is less expensive than renting a house. Budgeting for rent may be easier as these spaces are smaller and also generally are cheaper when it comes to utility costs.

Amenities: Apartment buildings often have additional amenities that many rental properties do not. These amenities can range from rooftop decks, reserved parking spaces, on-site gyms, or a swimming pool.

Less maintenance: In an apartment building you’re not going to be responsible for common outdoor spaces, cleaning the hallways, or exterior maintenance. In some places you may not even be responsible for in-unit repairs such as lightbulb changes, updating smoke detectors, or repairing an air conditioning unit. These repairs typically fall to your landlord to fix. You’ll also have a smaller space to clean each day compared to a house rental.

Location: Many apartments are often located in city centers or busy neighborhoods where there are lots of restaurants, shopping, and public transportation. There are certainly apartments in more suburban locations, but if you’re living in a big city, renting an apartment can get you closer to what the city has to offer.

Cons of renting an apartment

Noise: Living in an apartment community means that you’re likely going to hear noise from your neighbors. And depending on how the apartment is insulated and constructed, this noise may get quite loud.

Privacy: Yes, you’ll likely have neighbors in a rental home, but in an apartment, you’ll always have neighbors including those living above you. If you live in a tall apartment complex, your unit may even be visible from the street.

Lack of space: Apartments, especially those in major cities, can be quite small such as a flat or a pied à terre, which means you’ll have to get creative with your storage. It’s also unlikely that you’ll have an outdoor space, unless you’re living in a ground-floor or garden apartment.

Design limits: When living in an apartment you have fewer options to design your space. It’s unlikely you’ll be allowed to paint the walls and in some places, you may not even be able to use nails to hang pictures on the wall.

Lack of parking: If you’re living in a city center you may choose not to have a car since everything is at your fingertips. But if you do end up having a car while renting an apartment, there’s a good chance this will cost you extra and you may even have to deal with a tandem parking situation if the available space is limited.

Pros and cons of renting a house

If you’re looking for more space or you’re a more experienced renter looking to test out homeownership, renting a house can be a step on the path to buying your first home. But there may be other reasons why renting a house isn’t the right choice. Here are the common advantages and disadvantages of renting a home.

Pros of renting a house

Privacy: Unless you’re renting a duplex or home that has shared walls with neighboring properties, chances are you’ll have more privacy than an apartment. However, keep in mind you may still have noisy neighbors even in a house.

More space: In general, you’ll have more space when renting a house. Whether that’s added private outdoor space, more rooms, square footage, or extra space for your belongings, rental homes are often spacious compared to an apartment unit.

Freedom: As a renter, it’s likely you’ll have more freedom to make small design changes such as painting the walls. However, not all landlords will be flexible in what you can and can’t do or they may ask you to revert the home back to its original condition when your rental or lease agreement ends.

Potential to sublease a room: When renting an apartment, especially in a large apartment complex, it’s unlikely that you can sublease your unit. However, when renting a house, you may be able to sublease a room in the home, allowing you to reduce your monthly rent costs.

Cons of renting a house

More maintenance: With more space comes more day-to-day maintenance. In some instances, your landlord may provide landscaping services, but other times it may be in your lease that you’re responsible for this maintenance. Similarly, you’ll have more housework if you’re renting a three bedroom home compared to a studio or efficiency apartment.

Higher rent prices (on average): Typically, renting a home costs more than renting an apartment. However, depending on the type of home or apartment you’re looking to rent these prices can vary. Monthly rent prices will also vary based on the housing market and the area you’re living in. Make sure to take into account your financial situation when choosing the right place.

Landlord relationship: When renting a house, you’ll have to maintain a relationship with your landlord, like you would if you were renting an apartment. However, the type of relationship may be different. Some landlords rent out their homes as a personal investment, which means you may have more interactions with them than you typically would with a property management company. Some landlords may just check in more often to make sure there’s nothing that needs fixing, whereas a property management company will wait for you to contact them if something is in need of repairs.

Location: For the most part, rental homes will be located further away from city centers, public transportation, and are not necessarily within walking distance from shops and restaurants. However, that doesn’t mean you can’t find rental homes in cities, they may just be more expensive.

Deciding between renting a house vs apartment final thoughts

Choosing between renting a house or apartment is largely up to your lifestyle and financial circumstances. If you have a more flexible budget, you’re looking for more indoor and outdoor space, and don’t mind being further away from the city center, a house rental may be the right choice. If you want to keep your budget under a certain price, want to live closer to the city, and don’t need as much space, then an apartment may be the better option.

How to find house or apartment rentals in your area

From luxury apartments, single family homes, to simple studios there are many home styles and different types of apartments you can rent. So whether you pick an apartment or rental home, Redfin can help you find a place that fits your needs. 

1. Go to Redfin.com and click “Rent”. You’ll type into the Search Bar either the city’s name or the zip code (for example, Austin, TX) where you’d like to begin looking for an apartment or rental home. Press enter.

2. Near the top of the next page, on the right side, you will see “All filters.” Click on that. 

3. From there you can narrow down your search by the number of bedrooms, home type, and price. Depending on your preferences, you’ll see apartments that meet your needs.

The post How to Decide Between Renting a House vs an Apartment appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

For anyone moving to a new city, familiarizing yourself with the local food scene is an essential part of making yourself feel at home. This is especially true if you’re a vegan, as some cities have limited options when it comes to vegan-friendly eateries. Luckily, living in Atlanta means plenty of delicious options to choose from. So if you’re vegan and are getting ready to rent an apartment in Atlanta or you already own a home in the city,  be sure to check out some of the top vegan restaurants Atlanta has to offer.

1. The Loving Hut

Located in Sandy Springs, Loving Hut is a popular Atlanta-area destination for vegan food. They offer a vast array of appetizers, soups, and raw dishes ranging from steamed dumplings and vegan wings to zucchini pasta and broccoli teriyaki.

“My favorite vegan spot in Metro Atlanta is The Loving Hut,” says Tabitha James of The Sensible Vegan.  “The menu is creative, diverse, and full of great vegan options. The must-try items are the Spicy Vegan Buffalo Pizza and the Philly Cheese Hoagie. There are so many great options on the menu.”

Jenne Claiborne of Sweet Potato Soul agrees. “It’s a humble chain restaurant with a huge and tasty menu. Start with the fresh Basil Rolls and fried Spring Rolls. My favorite entree is the Combo Cha Cha––fried vegan konjak shrimp with minced veggies and chili pepper.”

2. Calaveritas

If you’re looking for a vegan restaurant in Atlanta that serves delicious Mexican food, Calaveritas is the place for you. Based in nearby Doraville, they offer a 100% vegan menu and feature beers from local breweries.

“I love Calaveritas,” says Josh Brock from Hippie Hibachi. “They’re a pop-up that serves the best vegan Mexican food in the city. I love that they offer many different protein options. They’re also some of the kindest people around.”

3. Plant Based Pizzeria

Who doesn’t love pizza? If you’re new to the area and in need of a go-to pizza spot, locals recommend Plant Based Pizzeria. Their claim to fame is being the first 100% plant-based pizza place in Atlanta, and their recipes feature a unique twist specific to the Peach State.

“Atlanta is alive with vegan restaurants, but what makes our favorite spot unique is its use of Georgia’s favorite fruit, the Georgia Peach,” says Jen Horton from VeggL. “Plant-Based Pizzeria, in Midtown and Sandy Springs, has a Georgia Peach Pizza with spicy Beyond Sausage, red onions, jalapenos, and the star, peaches.”

4. Vegan Dream Doughnuts

For those with a sweet tooth, Vegan Dream Doughnuts is the perfect place for a sweet treat that’s also vegan. Using ingredients like coconut flour and fresh produce, they offer plenty of gluten-free, vegan options that taste good while also being good for you.

“My favorite vegan restaurant in Atlanta is Vegan Dream Doughnuts,” says Abraham Gutierrez of Gutierra Vegan Mexican. “They have amazing donuts and drinks like peppermint soursop and stay open very late. I’m able to catch them after a shift at my restaurant, which makes it very convenient, not to mention they’re great people.”

5. Dash & Chutney

The Upper Westside neighborhood is home to Dash & Chutney, a vegan restaurant in Atlanta that specializes in vegan Indian street food. Their menu includes popular dishes from across India. Their head chef, Palak Patel, competed on and won the Food Network show Chopped and was a finalist on season 14 of Food Network Star.

Leslie Peterson of 365 Atlanta Traveler has nothing but good things to say about the restaurant. “Chattahoochee Food Works food hall hosts over 30 vendors, and it’s here you’ll find Atlanta’s best vegan restaurant: Dash & Chutney. It’s also the first in Atlanta to offer full flavor plant-based Indian street food. Chef Palak Patel’s Pav Bhaji is perfect if you just need a snack (think vegetarian Sloppy Joe), but if you’re craving more, then pick the Winning Beat Bobby Flay Chik’n Curry. Pair it with Salted Caramel Cardamon Rice Pudding for the perfect meal.”

6. Trend Urban Cafe

You can find vegan restaurants in Atlanta without dealing with downtown traffic. Trend Urban Cafe can be found in the northeast corner of the city and offers a wide variety of vegan-friendly options.

“Trend Urban Café in Stone Mountain, GA is a new local favorite,” says Helene Greenberg of Georgia VegFest. They’ve taken some traditional names and turned them into vegan delights. I started with the Bacon Avocado Spinach Salad (minus the bacon) with the pomegranate balsamic dressing, and it woke me up. The Trendy Mess Marinated Impossible Burger with vegan cheddar cheese, caramelized onions, the zesty sauce, and the Vegan Wings as a side was a tasty and filling meal.” 

7. Hippie Hibachi

If you find yourself craving some vegan hibachi, this is the place for you. Hippie Hibachi prides itself on making food that’s so good that you question whether or not it’s even vegan. Its mission is “to make healthier food that has a minimal impact on the environment.” It’s an Atlanta vegan restaurant that emphasizes sustainability without sacrificing taste.

“The many hidden gems and vegan spots in Atlanta make it hard to choose just one favorite, but I definitely have Hippie Hibachi on my list,” says Jasmine Monique of Planting Jasmines. “Hippie Hibachi is an Asian-inspired restaurant located in Chattahoochie Food Works and has delicious vegan options ranging from vegan and gluten-free hibachi plates to vegan shrimp tacos. My go-to order is the hippie plate with Impossible Beef, chik’n, vegan egg, and yum yum sauce.”

No matter your preference, there’s sure to be a vegan restaurant in Atlanta that’ll have you visiting regularly.

The post 7 Crave-Worthy Vegan Restaurants in Atlanta You Have to Check Out appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Applying and renting an apartment can be a complicated process. Especially with the rental market heating up, apartment applications can be competitive too. Whether you’re a first-time renter or a seasoned professional, we layout everything you need to know on how to get approved for an apartment.

You’ll also find answers to questions such as: What do you need to get approved for an apartment? How long do apartment applications take? And, how can I increase my chances of getting approved for an apartment?

1. Find apartments in your budget

One of the most reliable ways to increase your chances of getting approved for an apartment is to find apartments within your budget. In general, it’s recommend that your monthly gross income is at least three times your monthly rent, including pet rent, parking, and any other fees you have to pay every month.

In your apartment search, you may find that some buildings only require you to earn 2.5x your rent. The latter is most common in big cities, especially New York.

When you first move into an apartment, you may have to pay extra fees such as a security deposit, pet deposit, and parking. Check each apartment building’s website to see what their move-in fees are, and make sure that you can cover them in your monthly budget.

2. Improve your credit in advance

If you are considering applying to an apartment, you may want to check your credit score. Or, if you haven’t already, start building your credit. Most landlords will complete a credit check, and apartment buildings you apply to may have credit requirements. For example, an apartment complex may have a minimum credit requirement of 600. The higher your credit score, the higher your chances of getting approved for an apartment.

If there is a big gap between your credit and the property’s minimum credit requirement, or you don’t have much credit history, work to improve your credit as much as you can. You can do this in many ways, especially by keeping your credit card balances low and paying off other high-interest debts and loans. Improving your credit in advance will help you get approved for an apartment.

How to get an apartment with bad credit

It happens to the best of us. Whether you’re saddled with student loans or just haven’t been able to build up your credit, the majority of people know what it’s like to have bad credit.

While many apartment buildings have credit score requirements in order for you to rent, you may have a chance of getting approved for an apartment even if you don’t meet all their requirements. Regardless of your credit score, what you need to do is prove to the property manager that you have the resources and are a reliable tenant. Some actions you can take to make up for bad credit are to:

• Apply with a co-signer who has better credit
• Provide letters of reference or testimonials, especially from previous landlords
• Settle outstanding balances, such as credit card and other high-interest debt, before applying
• Submit evidence of having a savings built up, such as a bank statement

3. Come prepared when meeting with landlords

Meeting with a landlord is easy, right? Well, not exactly. First off, the landlord or property manager may not be the person giving your tour. So you may have to set up a separate meeting with them to discuss your application.

When you do meet the property manager, come prepared. It’s best to read up on rental requirements before your appointment with the landlord. That way, you’ll know if you qualify for the apartment by yourself or if you will need to ask the landlord for accommodations, such as applying with a cosigner.

You should pay close attention to the rules of the apartment complex. That way, you don’t waste the landlord’s time asking questions when trying to rent an apartment that are already answered on their website, like whether or not they allow pets. And you won’t waste their time and your time by touring an apartment you likely won’t be approved for.

Know what landlords are looking for in an applicant

First and foremost, landlords want applicants, which may be future tenants, to be honest, reliable, and responsible. They don’t want to call you multiple times to request additional documents for your application. And they certainly don’t want to find incorrect information in your application. If you submit an incomplete application or don’t return their emails, the property manager may doubt your reliability and responsibility.

To increase your chances of getting approved for an apartment, submit a complete, honest application. And be available by email, phone, and text for a couple of weeks after submitting your application so that the property manager can get in touch with you.

Lastly, a landlord’s ideal tenant has a flexible move-in date. Especially in colder climates, property managers may ask that you move during warmer months to reduce the risk of damage to the apartment building. So if you can, flexible on your move-in date.

In the end, property managers want a tenant who will make payments on time and be a positive, respectful member of their community.

4. Prepare all documentation needed to get approved

Once you’ve found the perfect apartment, you’ll need to know how to get approved for an apartment.

Most apartment buildings will have a number of application requirements, and they won’t just be about your income. In addition to checking your income, landlords may request documents attesting to your character as well as your rental and work history.

To be prepared and to increase the potential for a quick approval for an apartment, have access to the following documents when you meet with the property manager:

Financial & work history

• Bank statements: Apartment complexes don’t always require bank statements. But you can use them to increase your chances of getting approved for an apartment. You can also submit bank statements to show that you have paid off credit balances which may not be reflected in your credit score yet.
• Job history: A huge part of how to get approved for an apartment is to have a consistent work history. The company that manages your potential apartment building will often request a few years of job history. They just want to make sure you’ve had consistent employment and, that you’ll be more likely to consistently pay rent.
• Paystubs: To confirm that you meet income requirements, you may likely have to submit at least a few months of paystubs to your potential landlord. You can usually access these online, or you can request them from your HR department at work.
• Rental history: Many apartment buildings require that you have at least a year or two of rental history in order to get an apartment approval without a cosigner. Your rental history is just a list of all the previous places you’ve rented before along with your property manager’s contact information.

Other things you may need

• Cover letter: Cover letters are short letters you can use to make your case. Include details such as why you want to move into the apartment, your rental history, and your employment status.
• Pet information and/or interview: If you’re renting with a pet, the property manager will likely ask for the pet’s breed, weight, and other information. They may also hold a short meeting with you and your pet to ensure that your pet will not disturb the community.
• Photo ID: To get an apartment approval, you’ll likely need to provide a driver’s license, passport, or similar photo ID. Property managers use this to confirm your identity.
• References: Property managers won’t usually ask for references. But you can offer character references from your employer or previous landlord to strengthen your application.
• Social security number: Your social security number may be used to verify your identity, income, and employment history.

It is also important to note that most landlords will run a background check using the information in your application. 

Use supplemental documents to get an apartment approval

Some of these documents, such as a cover letter and references, aren’t always required in an apartment application. But, they can help you get an apartment approval, especially in competitive rental markets like San Francisco. And supplemental materials like an employer reference can help make up for a weaker part of your application, such as a short employment history.

5. What to expect after submitting your rental application

Once you hit submit on your apartment application, you may wonder, how long do apartment applications take to process? Unfortunately, the answer varies quite a lot by property manager. Some buildings may get back to you within a couple of hours, while others may take weeks.

There are many factors that affect how long apartment applications take. For example, the processing time will be shorter if you filled out an application online. Also, if your new landlord doesn’t have to reach out to references or previous landlords, if you meet all rental requirements, and if you filled out all parts of your application completely the process for being approved can be rather quick.

Some property management companies use third parties to process apartment applications, which unfortunately lengthens the approval process.

What to do if your apartment application is denied

If your apartment application is denied, you’ll want to double-check your application and ask the property manager what went wrong. Some things which may result in an application denial are:

• Background check
• Credit history and/or score
• Employment history
• Income
• Incomplete application
• Incorrect information
• No references, or negative references
• The apartment does not allow pets
• Rental history, especially evictions or damage to property
• Smoking
• You are applying with too many tenants for one unit

And, of course, your application can be denied if someone else already rented the apartment and the apartment is no longer available.

What to do if your apartment application is approved

Once you get an apartment approval, you can read and sign your lease. Your landlord may also ask you to pay:

• First month’s rent
• Last month’s rent
• Renter’s insurance
• Security deposit
• Pet deposit
• Any other fees, such as parking fees

Whether your application is approved or denied, read up on your rights as a renter wherever you live. Some areas, like Seattle, have many renter protections. For example, if you are the first qualified applicant to apply for an apartment in Seattle, the property manager is obligated to rent the apartment to you, instead of waiting for a more ideal renter.

Also, some buildings require that you tour a unit before you apply, while others allow you to apply sight unseen. Knowing your rights will help you be a better and more informed tenant, and it can even help you get an apartment.

Final thoughts

Rental rules and regulations vary quite a bit by region, city, and even by individual apartment buildings. To maximize your chances of getting approved for an apartment, read up on the properties you want to move to. Make sure to check out each building’s credit, income, and rental history requirements as well as rules regarding pets and number of renters per unit. And you’ll want to research your local renting regulations, just in case your apartment application is handled unfairly or denied by mistake.

The post How to Get Approved for an Apartment: 5 Things to Know appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Boise, ID, otherwise known as “The City of Trees,” is often deemed one of many great destinations to live in the Rocky Mountain West. With its proximity to nature, outstanding restaurants, and infinite ways to spend your days, it shouldn’t be surprising that close to 230,000 people call this city home. As more people move to the state, it’s important to know that the median home sale price is $585,000, and the average rent of a 2-bedroom apartment in Boise is $1,725.

If that price tag doesn’t fit into your budget, don’t worry. We’ve rounded up a list of the nine best affordable Boise suburbs to consider living in – and they’re all under a 55-minute drive from the city. That way, you can live close to Boise and all its unique activities without the price tag of buying a home there.

#1: Melba

Median home price: $237,000
Driving distance from Boise: 35 minutes
Melba, ID homes for sale
Melba, ID apartments for rent

Home to roughly 600 residents, Melba takes first place on our list of the most affordable suburbs in Boise. This charming suburb has a small-town feel, while only being 25 minutes from the larger city of Nampa and 35 minutes from Boise. A fun fact about Melba is that was founded in 1912 by Clayton C. Todd, who named it after his daughter.

#2: Payette

Median home price: $296,000
Driving distance from Boise: 55 minutes
Payette, ID homes for sale
Payette, ID apartments for rent

Payette takes second place on our list. About 55 minutes from Boise, you’ll be touring the Old Idaho Penitentiary State Historic Site in just a quick drive. Home 8,500 people, residents can spend the afternoon touring the Payette County Historical Society and Museum or checking out the charming downtown.

#3: Mountain Home

Median home price: $337,500
Driving distance from Boise: 40 minutes
Mountain Home, ID homes for sale
Mountain Home, ID apartments for rent

Mountain Home, with a median home sale price of $318,500, lands the number three spot on our list as the most affordable Boise suburb. Just about a 40-minute drive from Boise, you won’t miss out on what the city offers. Living in Mountain Home, you can spend time exploring Mountain Home Historical Museum, Desert Canyon Golf Course, or Richard Aguirre Park.

#4: Fruitland

Median home price: $386,000
Driving distance from Boise: 50 minutes
Fruitland, ID homes for sale
Fruitland, ID apartments for rent

Next on our list of affordable Boise suburbs is Fruitland, which is roughly 50 minutes away from the heart of the city. With a population of close to 5,500, living in Fruitland is a great alternative to the hustle and bustle of Boise. If you’re going to call this suburb home, plan time to explore Mesa Park. 

#5: Caldwell

Median home price: $423,500
Driving distance from Boise: 25 minutes
Caldwell, ID homes for sale
Caldwell, ID apartments for rent

Caldwell takes the fifth spot on our list, with a median home sale price of 395,000 and only a 25-minute drive away from Boise. There are plenty of picturesque and outdoorsy activities to take part in when living in Caldwell. If you find yourself moving here, make sure to check out Whittenberger Planetarium. 

#6: Nampa

Median home price: $428,500
Driving distance from Boise: 20 minutes
Nampa, ID homes for sale
Nampa, ID apartments for rent

About a 20-minute drive into the city, consider adding Nampa to your list of Boise suburbs to consider moving to. Home to 108,500 residents, this affordable suburb can be an excellent choice for people looking to remain close to the city without paying the price for a home there. If you decide to move here, be sure to check out the Nampa Train Depot Museum and the Warhawk Air Museum.

#7: Kuna

Median home price: $472,500
Driving distance from Boise: 20 minutes
Kuna, ID homes for sale
Kuna, ID apartments for rent

Seventh on the list is another well-known Boise suburb, Kuna, where the median home sale price is about $113K less than in Boise. With roughly 27,000 people calling Kuna home, it’s a great area to consider moving to. From Kuna Greenbelt Park to favorite local restaurants, there are countless things to do in this great suburb.

#8: Garden City

Median home price: $508,000
Driving distance from Boise: 5 minutes
Garden City, ID homes for sale
Garden City, ID apartments for rent

With a median home price of 515,00 and only a 5-minute drive to Boise, there are plenty of reasons you may want to move to the suburb of Garden City. The city has Craft Beverage Corridor, lined with wineries and breweries, and the Garden City Artisans Pathway features a variety of artists’ studios. Other popular things to do in Garden City include exploring Idaho Botanical Garden and Heron Park.

#9: Middleton

Median home price: $538,859
Driving distance from Boise: 30 minutes
Middleton, ID homes for sale
Middleton, ID apartments for rent

Living in Boise, it’s likely that you’ve heard of Middleton, the last suburb on our list. Almost 9,800 residents call this affordable suburb home, so you’ll have a fraction of Boise’s population while remaining only 30 minutes from the city. Once moving to Middleton, add the Foote Park to your list of must-sees. 

Methodology: Affordability is based on whether a suburb is less than the median sale price of Boise and under a 55-minute drive from downtown Boise. Median home sale price data from the Redfin Data Center during June 2022. Average rental data from Rent.com June 2022. Population data sourced from the United States Census Bureau.

The post 9 Most Affordable Boise Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Whether you want to call it by its nickname, “the Alamo City,” or just by its name, San Antonio, is often considered one of many great destinations to live in Texas. With the iconic San Antonio Riverwalk, concerts or stage shows to see each week, Tex-Mex cuisine, and plenty of outdoor activities, it’s no wonder San Antonio is also home to roughly 2 million people. If you’re considering moving to the city, it’s important to keep in mind that the median home sale price is $283,245 and the average rent price of a 2-bedroom apartment in San Antonio is $1,270.

If those numbers are out of your budget, don’t worry. We’ve got options to help you find a home. We’ve collected the 10 best affordable San Antonio suburbs to consider living in. And the best part is that they’re all less than 50 minutes away from the city center. That way you can live close to San Antonio and all its cool activities without the price tag of living there.

#1: Poth

Median home price: $196,000
Driving distance from San Antonio: 45 minutes
Poth, TX homes for sale
Poth, TX apartments for rent

With a median home sale price of $196,000, Poth is the most affordable San Antonio suburb on our list. About 45 minutes away from downtown San Antonio, Poth is home to roughly 2,000 people. Living in Poth, you can spend time exploring Poth City Park or head to the nearby Cycle Ranch Motocross Park.

#2: Devine

Median home price: $220,000
Driving distance from San Antonio: 40 minutes
Devine, TX homes for sale
Devine, TX apartments for rent

Second on our list of affordable San Antonio suburbs is Devine, where homes are about $60K less than in San Antonio. It’s a 40-minute drive into San Antonio, but there’s still plenty to do in Devine. Once living in this town, make sure to check out Devine City Park or play a round of golf at Devine Golf Course. 

#3: Kirby (tie)

Median home price: $227,000
Driving distance from San Antonio: 15 minutes
Kirby, TX homes for sale
Kirby, TX apartments for rent

Kirby is just a little more expensive than Devine and ties Jourdanton as the third most affordable suburb. Only 15 minutes from the city center you’ll be exploring The Alamo in just a quick drive. Home to Friendship Park, make sure to spend the afternoon enjoying the sunshine or head to one of the many local restaurants.

#3: Jourdanton (tie)

Median home price: $227,000
Driving distance from San Antonio: 50 minutes
Jourdanton, TX homes for sale
Jourdanton, TX apartments for sale

Tying the third spot with Kirby is the San Antonio suburb of Jourdanton. About 50 minutes south of San Antonio, there’s plenty to check out in this quaint suburb. Once living here, spend the day at Jourdanton City Park or grab some local Mexican food.

#5: Elmendorf 

Median home price: $230,000
Driving distance from San Antonio: 25 minutes
Elmendorf, TX homes for sale
Elmendorf, TX apartments for rent

25 minutes outside of San Antonio, you’ll find the suburb of Elmendorf. Even with a population of about 2,500, there are plenty of fun things to do in Elmendorf. If you find yourself moving to the fifth most affordable suburb, make sure to check out Elmendorf City Park or nearby Calaveras Lake Park. 

#6: Poteet

Median home price: $235,000
Driving distance from San Antonio: 35 minutes
Poteet, TX homes for sale
Poteet, TX apartments for rent

A little more expensive than Elmendorf is none other than Poteet. About 3,500 people live in this San Antonio suburb, where you’ll find Poteet Canyon Park. Only 35 away from downtown San Antonio, you can easily plan an evening in the city, whether you’re looking to try a new restaurant or see a show. 

#7: Von Ormy

Median home price: $250,000
Driving distance from San Antonio: 20 minutes
Von Ormy, TX homes for sale
Von Ormy, TX apartments for rent

Home to 1,500 residents, consider adding Von Ormy to your list of San Antonio suburbs to check out. About a 20-minute drive into the city, this affordable town can be a great choice for people looking to remain close to San Antonio without paying the price for a home in the city. In Von Ormy, you’ll find Vista Hermosa Park and Alamo River RV Resort & Campground where you can spend the weekend camping under the stars.

#8: Converse

Median home price: $271,250
Driving distance from San Antonio: 25 minutes
Converse, TX homes for sale
Converse, TX apartments for rent

Another well-known San Antonio suburb is Converse, where the median home sale price is about $10K less than in San Antonio. Home to roughly 30,000 people, Converse is a great suburb to consider moving to. With Converse City Park and many local shops, you’ll have easy access to what makes this suburb unique. 

#9:  Live Oak

Median home price: $276,250
Driving distance from San Antonio: 20 minutes
Live Oak, TX homes for sale
Live Oak, TX apartments for rent

Next on our list of affordable San Antonio suburbs is Live Oak, which is almost 20 minutes away from downtown. With a population of roughly 18,500, Live Oak is a great area to live in that’s not nearly as big as San Antonio. Don’t miss out on visiting Live Oak’s Main City Park once moving here.

#10: Hondo

Median home price: $280,000
Driving distance from San Antonio: 40 minutes
Hondo, TX homes for sale
Hondo, TX apartments for rent

Last but not least on our list of affordable San Antonio suburbs, is Hondo. Without traffic, you’ll find yourself in San Antonio in roughly 50 minutes. This suburb has a population of 9,500, but there’s no shortage of things that make this town unique. Popular things to do in Hondo include exploring the City of Hondo Nature Trail & Park or learning about the region’s history at Medina County Museum.

Methodology:

Affordability is based on whether a suburb is less than the median sale price of San Antonio and under a 50-minute drive from downtown San Antonio. Median home sale price data from the Redfin Data Center during April 2022. Average rental data from Rent.com May 2022. Population data sourced from United States Census Bureau.

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The post 10 Most Affordable San Antonio Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Every apartment building offers a different set of amenities to its residents. Amenities can be small – think microwave – or large, like an oversized swimming pool. Some apartment buildings offer all the bells and whistles, while others stick to the necessities.

Which apartment amenities are most important to you?

What are apartment amenities?

Apartment amenities are non-essential resources available to the residents in an apartment building. They’re available either inside rooms or somewhere on the property, for all apartment residents to share.

Amenities can also be outside the apartment building. These can include things like easy access to public transportation.

Apartment amenities are features, but not all features are amenities. Amenities aren’t needed to live in the apartment, but essential features usually are. Features like sinks, toilets, and lights aren’t amenities unless they go above and beyond their normal function. If the lights include smart technology or the toilets have bidets built in, they could be considered amenities.

Every apartment complex offers different amenities that can also change over time with renter demand.

Are apartment amenities included in the rent?

If you see an apartment building with a state-of-the-art fitness center or handy pet spa, you might wonder if you have to pay extra to use them.

The good news is that apartment amenities are almost always included in your rent. Your rent might be a little higher than the apartment next door, but you can probably use that gym, pet spa, or yoga room as much as you want without paying anything extra.

To be safe, read your lease agreement thoroughly before you sign it and ask the property manager if there are any extra fees. That way, there won’t be any surprises later on.

Ranking your top amenities

Take a look at some of the most common amenities, and make a “must-have” list of all your top amenities and how they stack up against each other. While you’re looking at apartments for rent, tell each leasing agent about your list and ask which features the units and overall complex offer.

Once you find the right complex, carefully read the lease from start to finish. It should spell out exactly which amenities they offer, whether they’ll cost anything, and how you can access each one.

If you’re renting with a pet or might get one in the future, check any pet policies in the lease. If they’re allowed, see which pet amenities the apartment offers and decide how much you value those perks.

Which basic features should all apartments include?

Every unit should include things like reliable electricity, water, and sewage. Features that can be hard to go without, but aren’t always required, include:

• Closet or other storage space
• Dishwasher
• Sink garbage disposal
• Microwave
• Oven
• Stove
• Washer and dryer
• Heating and air conditioning

These apartment amenities are offered in many complexes, and even required by law in some states.

Pay close attention to things like heating and air conditioning, especially if you live somewhere that can face extreme temperatures (hot or cold). Tenants living in apartments in Houston, TX will be much more comfortable in the summer if their room comes with AC. The same applies to residents of apartments in Minneapolis, MN who require heating during the winter.

Look for these amenities when you tour an apartment and ask the leasing agent if you’re not sure about something.

List of apartment amenities

Some apartment buildings go above and beyond the basics with their amenities. Skim the list of common features below and take note of your favorites. That way, you’ll know exactly which ones to look for on your next apartment tour.

In-room amenities

• Air conditioning
• Deck or patio
• Dishwasher
• Fireplace
• Hardwood floors
• High-end appliances or fixtures
• Energy-efficient appliances
• In-unit laundry machines
• Large windows
• Private balcony
• Windows with views
• Walk-in closets

Recreational amenities

• Barbecue or outdoor kitchen
• Clubhouse
• Community events
• Community garden
• Community kitchen
• Gym or fitness center
• Jogging or walking paths
• Media room
• Playground
• Sport courts
• Swimming pool
• Rooftop lounge
• Yoga room

Building amenities

• Concierge
• On-site laundry facilities
• Public transportation access or shuttles
• Restaurants or grocery stores
• Storage space

Pet amenities

• Dog park
• Dog run
• Pet concierge
• Pet daycare
• Pet-friendly units
• Pet spa

Parking amenities

• Covered parking
• Designated parking space
• Electric vehicle charging stations
• Garage
• Bike parking or storage
• Bike repair shops

Accessibility amenities

• Elevators
• Low-resistance flooring (like hardwood or low-pile carpet)
• Wide doorways and hallways

Security amenities

• Controlled entry
• Gated entrance
• Indoor entry
• On-site property manager
• On-site security staff or doorperson
• Secure parking
• Security cameras
• Virtual doorperson

Tech amenities

• Automated package room or package delivery
• Online maintenance requests
• Online rent payment
• Smart building entry
• Smart lighting
• Smart locks
• Smart thermostats
• Sound systems in community spaces

Other amenities

• Office or co-working space: Higher-end apartment buildings often have an office space or two which is available to residents. You may have to reserve it, or it may be first-come, first-serve. 
• Wi-Fi: Many buildings offer free Wi-Fi in community spaces, which can come in handy if you’re having a party on the rooftop patio or checking out the co-working space.

Which apartment amenities should I look for?

Every renter has different preferences, but some features tend to be considered more important than others. Here are some of the most common apartment amenities you might want to add to your list of must-haves:

Heating and cooling

Many, but not all, apartment buildings offer heating or cooling in each apartment unit. In some cases, they’re required by law. But they might not be needed in climates that are mild and predictable year-round.

Some complexes have air conditioning hook-ups in their units, but tenants need to purchase the unit. Either way, heating and air conditioning are usually right at the top of most tenants’ apartment amenity lists.

In-unit washer and dryer

In-room washers and dryers can save tenants a lot of time and effort. No matter how often you do laundry, it’s always easier when you don’t have to haul your clothes to the building’s laundry room or the local laundromat.

Online bill pay and maintenance requests

There’s nothing more annoying (and slightly terrifying) than dropping off a rent check and finding out it got lost a week later. This is one reason online bill pay gets more popular by the year.

And with online maintenance requests, you can submit a work order any time of day or night, not just when the leasing office is open.

Outdoor space

Private or shared outdoor space can be a major selling point in an apartment building. A balcony or patio attached to your room, a shared green space, or a community rooftop deck can all be big pluses.

Pet-friendly units

More apartment buildings allow cats and dogs these days, but they may have breed and size restrictions.

Buildings tend to not allow reptiles, small mammals, or other exotic pets, even when other domestic pets are allowed. If you’re renting with a pet or considering it, read the pet policies in your lease so you and your pet don’t end up in a sticky situation.

Note that emotional support and service animals with proper documentation can usually live with you in any building, regardless of their pet policy. Because these animals are not legally considered “pets,” pet policies and fees typically don’t apply to them. But the tenant will still be liable for any damage the animal causes to the apartment.

When in doubt, check with the apartment property manager.

Public transportation access

Being close to public transportation can be very valuable. If you commute by public transit, keep an eye out for nearby bus stops or train stations. Some buildings also offer a community shuttle to local public transit stops.

Restaurants or grocery stores

Apartments built on top of coffee shops, grocery stores, and restaurants are becoming a common sight. In fact, these apartments often charge their residents a little more for rent since access to food (or caffeine) is so convenient.

Security features

Many tenants value apartment security amenities like controlled entry, secured parking, a secure package room, and on-site leasing staff. These can give residents peace of mind knowing that they and their belongings have an extra layer of protection.

Smart home features

Smart features like smart locks or thermostats can be handy apartment amenities. With smart locks, you can send your friends a secure access code to enter your room or building, or let the pet sitter in while you’re on vacation. Forget to turn off the AC before you left? No problem, you can turn it off from your phone.

The future of apartment amenities

Apartments offer more amenities now than ever before. Here are some of the hottest trends in apartment amenities today.

Phone and internet connectivity

The pandemic turned countless apartments into work-from-home offices, making internet connectivity an even more important apartment amenity. Nearly 90% of renters say they wouldn’t consider moving to an apartment that doesn’t have reliable cell service or good Wi-Fi connectivity.

When you tour an apartment, see if your phone has good service and ask the leasing agent about Wi-Fi options in the building.

Going green

Many apartments now offer energy-efficient appliances that help the environment and your utility bill. The same goes for smart thermostats and other innovative smart home features, like sensors that can detect leaky faucets.

You may be able to recycle and compost in your apartment building too. Make sure to read the instructions for recycling and composting so that everything you throw away can break down during processing.

Wellness

As people spend more time at home, apartment complexes can provide more to support tenants’ personal wellness. Amenities like community events, communal spaces (like rooftop decks and co-working areas), and fitness centers are popular ways to facilitate connections between residents.

Apartments also offer wellness resources like smoke-free facilities and sound-proof features to reduce noise pollution. Pet-friendly rooms and green outdoor spaces are also gaining popularity.

Work-from-home capability

The pandemic had a major impact on how some people work, and more renters are now working from their apartments. Work-from-home tenants may want to check for work-friendly features like high-speed internet capability, space for an in-unit office, and co-working space in the apartment building.

Final thoughts

Apartment amenities can be make-or-break features during any apartment search. Whether you’re a first-time apartment renter or seasoned apartment hunter, it never hurts to come prepared. Take note of your must-have amenities and ask plenty of questions ahead of time. Your future self will thank you.

The post 63 Apartment Amenities to Consider for Your Next Apartment appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Finding your ideal apartment rental, whether moving out of a dorm or leaving your parent’s house, can be daunting without a bit of guidance. As a tenant-to-be, you’ll be taking on new tasks and responsibilities, and the process can seem overwhelming. Use this article as a step-by-step guide for renting your first apartment.

Step 1: Determine your budget

As you consider moving into an apartment, the first thing to look at is your budget. Paying rent month to month is not the only cost involved. It’s common for first-time apartment renters to overestimate how much rent they can afford. The U.S. Department of Housing and Urban Development (HUD) recommends that your rent not exceed 30% of your gross income.

This is only a broad guideline as in some areas of the U.S., particularly Los Angeles, San Francisco, or New York, this is not realistic, even for individuals with well-established careers.

You might be able to get around those issues by finding roommates and sticking close to your budget. If you can’t afford rent, it’s best to keep looking for an apartment that fits your budget.

To find out how much you can afford, determine the following:

1. Location: Narrow down your neighborhood search. If your lifestyle revolves around restaurants, museums, theaters, or other local attractions, look for neighborhoods close to such amenities. If you rent in a suburb and commute some distance to work, you may actually pay more for parking and fuel than you would if you chose to live closer to work.
2. Transportation: If you have a car, will you need to pay for parking space? Can you walk, bike, or ride public transit to work and do errands?
3. Utilities/groceries: Utility costs can vary seasonally, so you’ll want to estimate an average over all seasons. Renters often pay separately for electricity, gas, internet, and cable. A general rule is to plan for $200 per month in utilities or 7% of your annual income. Groceries cost between $200–$250 a month per person.
4. Lifestyle: Plan for extras like dinner with friends, movies, art museums, or other entertainment. Without a plan, these costs, incurred regularly, can unexpectedly eat into your budget.
5. Emergency expenses: At some point, you may need to pay for a medical expense, new tires, or an unexpected trip. A reasonable estimate is to add 10%–15% to your overall expense. For example, if you currently spend $1,000 per month on all of your bills, add $150 to cover emergencies.

Follow these steps to determine what your overall budget looks like now:

1. Write down your net income, which is the amount you bring home from your monthly paycheck. Net income is after any payroll deductions and taxes.
2. Subtract your monthly income and recurring bills such as car payments, student loans, credit cards, or gym memberships.
3. Estimate and subtract your transportation, utility, grocery, lifestyle, and emergency expenses.
4. With the amount left over, you’ll know how much you can spend on rent. If you’re having trouble finding an apartment in that price range, take a realistic look at where you can cut expenses.

A quicker way to calculate your rental budget is to use an online rent calculator.

Step 2: Gather key documents

Landlords and property management companies require potential tenants to provide specific information and complete an apartment application to rent an apartment. This information may include your credit report with your credit history and credit score, rental history, proof of income (W-2, pay stubs, or tax returns if you work a cash or contract job), past landlord and personal references, and your social security number.

These are the most commonly requested documents for renting an apartment:

• Paystubs, W2s, tax returns, or income statements
• Bank statements
• Employment history or letter of intent to employ
• Credit report
• Photo ID (driver’s license, passport, social security card, state-issued ID)
• Rental history
• Proof of vehicle insurance and registration

Step 3: Understand your credit score

A large part of the landlord or property management’s screening process is determining if you will pay your rent on time. To do this, they will ask for your credit report with a credit score. A credit score is a three-digit number used to determine your credit risk, typically between 300 and 850. Your credit score is based on the information in your credit report, including:

• The amount of debt you have
• Your payment history
• The length of your credit history

A higher score means you have demonstrated responsible credit behavior. Here are typical ranges for credit scores and assigned ratings:

• 300-579: Poor
• 580-669: Fair
• 670-739: Good
• 740-799: Very good
• 800-850: Excellent

Why is your credit score important?

Landlords and property managers consider potential tenants with higher credit scores as likely to be more responsible with their rent payments and move them to the top of an applicant pile.

How to rent an apartment if you have poor credit or no credit history

If you have not had the opportunity to establish a credit history or you’re trying to rent with bad credit, you may need to find a guarantor or cosigner.

• A guarantor is someone willing to help pay rent, rental fees, or damages you cannot pay. They will be asked to sign the lease as a guarantor.
• A cosigner is someone who signs your lease, guaranteeing that if you don’t pay your rent, they will take responsibility. They often live with you as a roommate. A cosigner must complete the apartment application process and all background and credit checks. If rent is not paid by either the renter or cosigner, any past due payments will negatively affect both parties’ credit scores.

Step 4: Decide if you need roommates

If you can’t afford to rent an apartment without a roommate to share costs, be sure the person or people you choose will mesh with your lifestyle. Typically, a roommate is added to the lease and must go through the rental application process and credit checks. The landlord might increase the security deposit or rent due to additional “wear and tear” on the apartment. Ask the landlord or property management company about their policy concerning roommates.

Step 5: Know the best time of year to look for an apartment

Rent prices often change seasonally. If your move timeframe is flexible, winter is typically the least competitive time of the year when you are more likely to find the best deals. By being strategic about when you search for an apartment, you may be able to save money on rent.

Step 6: Create a checklist for your apartment requirements

Not every apartment allows you to rent with pets, comes with parking or storage, and includes desirable amenities. Before you start your search, write a move-in checklist of your needs and priorities.

• Parking: If you require parking, you need to know if the apartment offers assigned parking, whether garage space is included or for rent, if on-street parking is available, if it’s tandem parking, and if any fees are involved.
• Amenities: You might be enamored with a building’s pool, tennis courts, and gym. And granite countertops or hardwood flooring can also be very appealing. Slow down to understand if you “need” these amenities or are they just “nice to have.” Having some amenities built into your rent may actually save you money. For example, renting an apartment with a fully equipped gym can save you from paying for a gym membership. You can economically host your friends if your apartment has private outdoor spaces with access to grills, entertainment areas, and lawn games.
• Appliances: If you cook at home, you’ll want a stove and oven that works, a refrigerator and freezer to store food, and possibly a dishwasher.
• Space and number of rooms: Consider the size of your bedroom, if you want or need an en suite bathroom, and the size of other living spaces outside your bedroom.
• Security: Depending on your location, you may want to live in a building with extra security for your apartment so only people with key access can get inside.

Step 7: Research potential apartments

Finding the perfect place could take a few months, depending on your requirements and apartment availability. Start your search before you need to move from your current home.

An in-person apartment tour will tell you more than online photos, which can be misleading. Ideally, you can at least have a virtual showing of the unit you’ll be renting if you can’t actually tour the apartment so that you can get a feel for the unit and the building. The best case is to visit in person, so you’ll know if other residents are friendly, whether they are likely to be noisy, and if the complex is in good condition.

Here’s a list to review during an apartment tour:

• Check locks on windows and doors to ensure they close properly. Condensation on the windows inside indicates they do not close properly.
• Look for spots on the walls or ceilings that could indicate a leaky roof or pipes.
• Turn on every faucet to ensure the water pressure is good and that it runs clear with no discoloration.
• Flip on every light switch and make a note of any burnt-out bulbs.
• Check if the floor slants look warped, which could signify previous or existing water damage.
• Look around for outlets to ensure there are enough, and their locations are good. Feel free to test them with a phone charger or clock.
• Sunlight can affect your overall mood, so large windows are ideal.
• Try out the appliances. If a unit doesn’t work or is outdated, ask the property manager if they’re willing to replace or fix it and get a written confirmation.
• Try your cell phone to make sure you have service in the apartment.
• Listen for noise from other apartments. If you can hear other residents, they can hear you.
• If it’s a walk-up apartment, keep in mind you’ll have to carry groceries upstairs regularly.
• To update your budget, ask about any additional fees and average monthly costs for utilities.
• Ask about amenities and parking.

Take notes so you can remember each unit after your tour.

Other things to consider when researching apartments

• Look for problems/concerns like damage, mold, and loud noises: You want a unit that’s clean, safe, and livable. Things like mold or insect infestations can affect that livable condition. Inspect the apartments for signs of damage caused by previous tenants. You don’t want to be responsible for paying for repairs if you didn’t cause the damage, and you don’t want their damage to cause you an injury. Visit the apartment complex at different times during the day and night to determine if it is an environment in which you want to live. If the neighbors above you play loud music or have pets barking at all hours of the night and day, you may want to choose a different apartment.
• Research the location: Use walkscore.com to see if you’ll need a vehicle for most activities and whether you feel comfortable in the area. Also check out what restaurants, shopping, and other services are in the area..
• Ask current tenants about their experience and look for reviews online: Ask landlords if they can refer you to a current tenant who will talk to you about their experience living in the apartment. You can visit Redfin News for regional trends and other websites for online reviews.

Step 8: Ask questions when looking for apartments

If you don’t ask, landlords and property managers may not be overly forthcoming. Here is a list of questions to ask when renting an apartment:

• How do I pay rent?
• How are late fees assessed?
• Where can I park my car?
• How far in advance do I need to give notice before moving out?
• Can I sublet my apartment?
• How can I break my lease?
• What kind of changes can I make to my apartment?
• How do you handle emergency repairs?
• Is rental insurance required?
• What is the pet policy?

Step 9: Fill out the rental application form

Most landlords and property managers charge an application fee. The fee covers your credit and background checks. Because you pay these fees upfront, apply only for apartments you are interested in. If you do not have a credit score or have poor credit, have a reference letter handy to help prove your worthiness as a prospective tenant. Such a letter can come from a work manager, colleague, previous roommates, or others who know you well.

Other things you’ll need to know and get together when applying for an apartment:

• Gather all documents needed: Having your documents in hand will speed up the application process, which will help you in a competitive market.
• Be prepared to pay your security deposit: You’ll likely have to pay your security deposit and first month’s rent in advance. The security deposit can equal one month’s rent or more in some areas. Landlords and property managers collect a security deposit to cover any damages you cause over and above normal wear and tear. These funds hold the apartment for you while your application is under review.
• Be prepared to negotiate specific lease terms: While the lease is a legal document, not every point in the lease is set in stone. You can always ask. Learn more about what you should know before signing a lease agreement.

Step 10: Prepare to move into your new apartment

Now that your application has been approved and you’ve signed your lease agreement, it’s time to move into your new apartment. Moving can be stressful, especially for a first-time apartment renter, and planning is the key to making your move smooth and easy.

• Organize your move: Discuss the earliest move-in date with your landlord. With a date set, you can start packing. Your landlord may allow you to move in before the lease date.
• Purchase moving boxes: You can find these at your local office or home supply store, and local moving companies. Or look for free boxes on Craigslist or Facebook Marketplace, as well as ask family and friends.
• Ask your family and friends to help you pack: This is less expensive than hiring professionals but requires patience and coordination to work around everyone’s schedules.
• Hire a moving company: Be sure the movers are licensed, bonded, and insured. Companies who move locally usually charge by the hour, while long-distance movers charge by weight and distance.
• Pack your belongings carefully: Label every box to make it easier to unpack. When packing, use smaller boxes for heavier items and larger boxes for lighter items. Keep a box of essentials and important documents, including your lease, with you when you move.
• Call the utilities and internet provider: Set up accounts in your name and have them activated on moving day. You can set up most utilities online, but some areas may require an in-person visit and proof of residency, such as a signed lease.
• Change your mailing address with the USPS: You’ll also want to set up mail forwarding. You can do this several weeks before you move.
• Deep clean before unpacking if possible: Ask your friends and family if they will help or if a professional cleaning company can do this for you. Always schedule a deep clean of your apartment before moving in.
• Make a move-in checklist: As a first-time apartment renter, you have endless details to remember, from towels and sheets to all of the kitchen gadgets. Here is a comprehensive moving-in checklist to get you started.

Before starting your search, take time to understand the entire process of finding and applying for an apartment. Your big move will be successful with good preparation and help from family and friends.

The post How to Rent an Apartment: Follow These 10 Steps appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

A writ of possession is a court order that authorizes a law enforcement officer to remove a tenant and their possessions from a rental home. A landlord can request a writ of possession if the tenant won’t voluntarily leave the home after they get the original notice to vacate.

A writ of possession isn’t the same as an eviction. It’s just one possible step in the eviction process, and it isn’t always needed.

A writ of possession is sometimes called a writ of eviction. A writ is a legal order to either start or stop doing something. This type of writ legally orders the occupant to stop residing in the home by giving the right to possession back to the landlord.

In other words, the tenant will need to move out within the time stated on the writ, or an officer can legally remove occupants from the property.

A writ of possession is a last resort

Many evictions won’t need a writ of possession. But when they do, it’s usually one of the last steps in the eviction process.

A landlord won’t need to file a writ of possession if they legally tell a tenant they’re being evicted and the tenant leaves voluntarily. If the tenant stays, the writ allows law enforcement to remove them from the rental property.

A writ of possession can be issued for many reasons

Any time a writ of possession is granted, it means the landlord won an eviction court hearing, but the tenant hasn’t left the rental property yet.

A landlord needs to have at least one court-approved reason to evict their tenant. These can include:

• Unpaid rent
• Property damage
• Unauthorized residents living at the rental property
• Unauthorized pets at the home
• Unauthorized subletting of the home (including short-term renting)
• Tenant isn’t abiding by health and safety standards
• Tenant has committed acts of domestic violence
• Tenant is using the rental unit for illegal activity
• Any other violations of the lease agreement

Writs of possession can also be used during the foreclosure process, but this only affects homeowners, not renters.

How long do you have to move after a writ of possession is posted?

It depends where you live. Once the writ is granted and vacate notice is served, states give tenants anywhere from a day to more than a week to move. This timeframe will be listed on the notice.

For example, a tenant living in a rental house in Austin, TX, will have a minimum of 24 hours to leave once the final notice is posted. But a tenant living in an apartment in Atlanta, GA, will have at least a week to move.

If this date passes and the tenant hasn’t left, a law enforcement officer can “execute” the writ and remove them from the home.

Remember that this is only one possible piece of an eviction timeline. The entire process can take several weeks, depending on state laws and how quickly the landlord, court, and sheriff act.

Sample eviction timeline

Several things need to happen before a landlord can ask for a writ of possession. A typical eviction process might look like this:

1. The landlord gives the tenant a written notice to vacate. The notice allows the tenant a certain number of days to voluntarily leave the rental property. The notice must follow state guidelines.
2. The landlord files an eviction suit. If the tenant doesn’t leave voluntarily, the landlord can take the issue to county court. Filing an eviction suit starts the court process but doesn’t decide the final outcome. At this point, an officer usually delivers another written notice to the tenant that tells them the eviction process has started.
3. The tenant and landlord go to court for an eviction hearing. If the landlord wins the eviction suit, the tenant is legally required to leave the home. If the tenant is a no-show, the landlord wins by default. If the landlord doesn’t show, the tenant wins.
4. The tenant can appeal or voluntarily vacate. The tenant has a certain number of days to either appeal the decision or move out of the home, depending on the state.
5. The landlord asks for a writ of possession. A writ is issued if the appeal date passes and the tenant hasn’t moved out.
6. A law enforcement officer oversees the move-out. An officer serves the notice to vacate after another short period. Once this deadline passes, an officer can legally remove the tenant and their possessions from the property. A locksmith will replace or rekey all door locks before the officer leaves.

What happens to a tenant’s possessions?

If a tenant’s possessions are still at the home when the writ is enforced, the landlord can remove them (or have them removed) while the officer is at the property.

Some states require a landlord to keep the tenant’s property in storage for a certain amount of time. Other states give landlords immediate control over any possessions left behind. Once the landlord has ownership, they can choose to keep, sell, or throw away the items if they want to.

Can a writ of possession be stopped?

A judge can stop a writ of possession in some cases. A tenant or their attorney can file a motion to stay in the period of time after the writ is issued. This motion asks the judge to stay (stop) the writ of possession.

Tenants will need to provide a reason for filing a motion to stay the writ of possession. An emergency court hearing will be scheduled if the judge approves their request. If the judge doesn’t approve it, the eviction process moves forward, and an officer can enforce the writ of possession.

A tenant can also appeal the overall eviction decision, but this step happens before a writ of possession is issued.

Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional, or financial advisor.

The post What is a Writ of Possession, and What Does It Mean for Tenants? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Picture this: You have six months left on your lease for your apartment in Dallas, TX but just received a job offer at your dream company in a different city, leaving you no other option than to break your lease or pay both rents simultaneously. Maybe you’re taking the leap from renting to buying after finding your perfect home for sale in Portland, OR. Or, perhaps you’re traveling for a few months and don’t want to pay for the apartment you won’t be using.

Whatever your situation, subleasing your apartment can be a great option. But, how exactly do you sublease an apartment? This guide discusses what subleasing is, how to sublease your apartment, and where to advertise your apartment as a sublease and find a great tenant. 

Subletting vs subleasing

Subletting and subleasing are both options you have as a renter if you aren’t going to be using your space for an extended period of time. And while many sometimes people use these terms interchangeably, subleasing and subletting are different for both the original tenant and the subtenant. Here’s the differences between subletting and subleasing.

What is subleasing?

Subleasing is when you rent all or part of your space to someone else without the assistance of your landlord. For example, if you live in a house and find someone to rent out one of the rooms for a few months, this is called subleasing because the renter is taking over just part of the lease. The renter pays you their portion of the rent, and you pay rent to the landlord for the entire house. You alone are still held entirely responsible for paying rent on the apartment and any repairs and maintenance as dictated in your original lease agreement. 

What is subletting?

Subletting an apartment is when a new renter takes over your current lease directly from the landlord, taking you out of the equation. If the landlord agrees, the new tenant will take over your lease, sign a sublet agreement, and you will be released from any responsibilities regarding the upkeep and maintenance for the length of the sublet. For example, if you are currently renting an apartment in Miami, FL or a rental house in Pittsburgh, PA, and decide you want to rent your entire apartment to someone, your landlord can sublet it if they so choose. Then, the person taking over your lease will pay rent directly to your landlord.

Legal responsibilities when subleasing and subletting

As mentioned above, the legal responsibility for the apartment or house is different for subleasing and subletting. If you’re subleasing a room or space to someone, you’re still legally responsible to your landlord for any costs and damages to the space. If your sublessee doesn’t pay their rent to you for a month, it’s still you’re legal and financial responsibility to pay the landlord, even though your sublessee didn’t hold up their end of the deal. With subletting, the person moving into your apartment will be legally responsible for damages and costs – not you. 

How does a sublease work?

A sublease allows you to vacate your apartment without breaking your lease agreement. As the current renter, you are the tenant or the sublessor, while the person you sublease to is called the subtenant or sublessee. If you find a reliable subtenant, you don’t have to continue paying rent for the property once you move out. However, you’ll have to work with your landlord if you decide you want to pursue either of these options. They may be willing to work with you or have specific rules already established about subletting and subleasing your apartment.

Should you sublease your apartment? 5 things to consider about the lease agreement

Before you decide to sublease an apartment, consider the following:

1. What your landlord, renters insurance policy, and local laws allow

Be sure to check that you are allowed to sublease your apartment, and research your landlord’s responsibilities when it comes to having a subtenant. Most landlords have certain terms and conditions for how to sublease your apartment – if they allow it.

2. Breaking your lease vs subleasing

If you can afford to pay off the rest of your lease, that may be a better option. Paying off a lease to break it early may be easier than finding a reliable subtenant, especially if your lease will expire soon. 

3. How much time you have left on your lease agreement

If you only have a couple of months left on your lease, it may be challenging to find a subtenant in time.

4. Whether you will leave your apartment furnished or unfurnished

You may be able to charge a subtenant more if you leave your apartment furnished for them. A furnished apartment may be more attractive to potential subtenants too, especially if they only plan on being in the area for a short time.

5. Whether you will need access to the apartment after you leave

If you require access to your apartment occasionally to return certain furniture or boxes, for example, you will need to find a subtenant who is comfortable with you accessing the apartment. This is also something you can write into your sublease agreement.

6 steps on how to sublease your apartment

So, you’ve decided to sublease your apartment. What are the next steps? Subleasing may look different for each person since rules vary based on where you live, but these are the steps you shouldn’t skip, no matter what:

Do your research

Before you even consider subleasing your apartment, look into any state or local laws about subleasing. Read your current lease agreement to check whether or not you can sublease your apartment and read the terms and conditions that may apply to your sublease. Lastly, check your renter’s insurance policy to see what your insurance company requires regarding subleases.

Decide whether you want a short- or long-term sublease

Short-term subleases are month-to-month or shorter than six months. Short-term sublessees usually want a furnished apartment and may be in a state of transition. Meanwhile, long-term subleases are six months or longer, and are great for tenants who may want greater stability. If you have a short-term sublessee, you may want to charge them a flat rate for utilities. But if you have a long-term sublessee, they should pay utilities in their name so you don’t get stuck with unpaid bills.

Notify your property manager in writing of your intention to find a subtenant

Almost all properties require that you notify your property manager in writing of your intention to find a subtenant. Depending on where you live, your property may require a certain number of days’ notice and may ask that notice is given a particular way, such as on paper or via email.

Find a subtenant

Finding a subtenant for a sublease can be difficult, especially if your rental is short-term. Get started on finding a subtenant early to give yourself plenty of time to advertise, interview, and screen the potential subtenant. If you rent a room on a room-by-room sublease, include any roommates in your search to find a sublessee. Your roommates will probably want a say in who they end up living with, and they may be able to help you find a great subtenant. 

Schedule a walkthrough with your landlord

Once you find a sublessee, be sure to schedule a walkthrough with your landlord so they can see the state of the property and write that in your sublease agreement before your sublessee moves in. Then, if your sublessee damages the room, they will be held responsible for the damage. 

Sign an agreement and take a security deposit

Make sure you and your subtenant sign a sublease agreement and that you take a security deposit should they cause any damage to the apartment. Consider creating a copy of the signed agreement for your landlord to keep them in the loop. 

Sublease agreement template

The information you need to have in your agreement may vary, and you may need to have it approved by your landlord, but at a minimum, you should include the following:

• Address and description of the property you are subleasing.
• Your name and contact information, including your new address.
• Your subtenant’s name and their new address (the address of the apartment they are subleasing from you).
• Start and end dates of the sublease.
• Terms & conditions of the lease you originally signed when you moved in.
• Monthly rent amount and pay schedule.
• How much apartment utilities are and how they will be paid.
• If you are subleasing a room, include which spaces the sublessee can use.
• Furniture that you will leave in the apartment.
• Furniture that you will want back at the end of the sublease.
• Any current damage to the apartment and who will be held financially responsible for future damage.
• Signature of both the tenant and the subtenant.
• Date you both signed the agreement.

How do you find a good sublessee?

Find online advertising opportunities

You can advertise your sublease in a lot of different places. Oftentimes, it is best to advertise by word-of-mouth or referrals from friends, so the sublessee is more likely to be reliable when paying rent or communicating any problems with the building to you. 

If you don’t have the time to advertise by word of mouth, or you don’t know anyone who might want your room, there are plenty of other ways to advertise your apartment. Landlords often have access to online platforms where they can list your apartment. Or, you can promote via social media or online marketplaces. Just make sure to vet your potential sublessees carefully. 

What to look for in a subtenant

There are some things almost every tenant looks for in a sublessee. First, you want someone who is reliable and has steady employment. Otherwise, you may get stuck paying rent for them. You also want to find someone respectful of the space and others around them so that they don’t cause damage to your apartment or break quiet hours. Be sure to hold your sublessee to the same income requirements you had when you signed your lease. It is common for tenants or landlords to run background, employment, and reference checks for potential sublessees.

Other things you may look for in a sublessee vary depending on where you live. Here is a short list of things you may want to screen your sublessee for before they move in:

• Number of occupants
• Length of sublease they are looking for
• Income
• Length of employment
• Reason for moving
• Pets
• Credit and background check (you will need written consent from your subtenant to run this legally)

Know your state’s subleasing laws

It is also important to research what your state allows regarding subleasing. For example, in California, no more than two people per bedroom plus one additional person can live on any property. So, if you have a one-bedroom home in California, you can sublease it to no more than three people.

Meanwhile, most states require that the tenant get their property manager or landlord’s permission to sublease their apartment. Be sure to check your state subleasing laws before you get started.

When is subleasing illegal?

Subleasing can be illegal depending on your state laws and the policies at the property you want to sublease. In some cases, your lease may not mention subleasing at all. In this situation, you can assume that subleasing is legal.

There are some situations in which subleasing is almost always illegal. Most properties require you to provide notice in writing that someone else will be subleasing your room or apartment. If you don’t give your property notice and they find out that someone else is living in your apartment, it is usually considered illegal. When you screen sublease candidates, make sure you follow fair housing laws. These laws prohibit discrimination against potential subtenants due to their race, color, national origin, or other protected characteristics. 

How does renter’s insurance work with subleasing?

Renter’s insurance can get a little complicated with subleasing. But if you communicate with your insurance company about your situation, they will be able to help you stay protected and follow the rules. 

Renter’s insurance covers your personal property at the address registered on your insurance policy. So, if you sublease your furnished apartment to someone else who damages a couch or piece of furniture, the odds are good that your insurance company will reimburse you. However, you should check that your insurance will still cover this even if you are voluntarily subleasing your property to someone else. Your renter’s insurance also provides liability coverage on or off your property, so if you damage someone else’s property, your insurance will likely reimburse you regardless of where you are.

In general, it is best that you maintain your renter’s insurance policy for your old address and buy a new one for your new address to protect your property. And, whoever you sublease to should also get their own policy for the subleased property.

Can a sublessee break a sublease agreement?

Whether or not a sublessee can break a sublease agreement depends on the terms and conditions of the original lease the tenant signed and the terms of the sublease agreement. Unless you say otherwise, your sublessee can break the sublease according to the terms in the original lease you signed.

Subleasing is an excellent alternative to breaking your lease, but like everything else, it comes with its own pros and cons. But with a bit of know-how, you can have a great experience with a subtenant. 

Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional, or financial advisor.

The post How to Sublease Your Apartment: The Ultimate Guide appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Odds are, if you are a first-time homebuyer, you’ve probably heard the term “open house.” Especially since Covid-19 restrictions are relaxing throughout the country, more and more sellers are opting to host open houses again. But what is an open house? What are the pros and cons of an open house? Check out this guide below to learn all about open houses, whether you’re buying or selling a home, to figure out if hosting an open house is right for you.

What does “open house” mean in real estate?

Open houses are one of the many steps of the home buying or selling process and are a great opportunity for buyers to check out properties and for sellers to attract potential buyers and generate interest in their homes. They are public, informal events hosted by the real estate agent working with the home seller also called the listing agent. They are usually a couple of hours long and potential buyers can drop in to view the home at any time during the open house.

How do open houses work? 

When you first get to an open house, you will likely be greeted by the listing agent. They may ask you to sign in with your name, email, and possibly phone number. Then, you are free to look around the house, exploring all the different areas. There may be water or very light snacks. Almost always, the seller will not be at the open house as it may prevent potential buyers from being able to imagine themselves in the house.

After the open house, the listing agent may follow up with you to see if you liked the house using the information you provided on their sign-in sheet. If you are no longer interested in the home at that point, you can definitely say so. Or, if you want to set up a private tour or write an offer, you can do that too.

Open houses vs private home tours

Open houses are unique because the seller or listing agent can show the property to many people at the same time. And, as a potential buyer, you don’t have to set up an appointment to view the home. You can simply drop by during the hours of the open house. There may also be other real estate agents present. For private home tours, also referred to as private showings, the buyer sets up a one-on-one appointment with the listing agent meaning that you will be the only one viewing the property at that time. 

After attending an open house, you may want to see more of the home afterward. Or maybe you still have some questions about the property, and you aren’t positive about putting in an offer yet. In this case, you can set up a private showing with the listing agent, even if you have already attended an open house. This will give you more one-on-one time with the listing agent and the house, and it can allow you to better imagine yourself in the home without a bunch of other people around.

Open houses for first-time homebuyers

What you can expect as a homebuyer

Open houses can get busy with foot traffic coming through the door, and there are some rules you should know before attending your first one. 

Come to an open house prepared

There are a number of etiquette guidelines when it comes to open houses. And if you are serious about buying a house, you want to make sure you are prepared to look like a great buyer for any home you visit. Make sure to know what to look for when touring homes, and come prepared to the open house with the following:

• Basic background info about the home
• A list of questions to ask the listing agent
• A tape measure if you want to make sure your furniture fits in the home
• A way to take notes, such as a notebook and pen or using a smartphone to take videos, pictures, and even your own commentary on each room

When you attend an open house, avoid bringing:

• Children, unless they are older and can help ask questions
• Pets
• Drinks
• Snacks

The reason you don’t want to bring the above to an open house is that they may disrupt other visitors’ viewing of the home, distract you from seeing the home’s full potential, or even damage the home.

Open house etiquette

Some other rules you should follow when attending an open house are to change into booties if they are offered. Or, take your shoes off if the listing agent requests it. 

And, of course, respect the homeowners’ privacy. Don’t look in their medicine cabinet or their dresser. But, it is ok to open their pantry or towel closet to see what kind of storage the home offers.

In general, it’s best not to hold the listing agent hostage as you tour the home. Make sure they are available to chat with other people too. On the flip side, if you are interested in the home, make an effort to introduce yourself to the listing agent. And, of course, try to leave room for other people to tour the home. So, avoid blocking doorways and talking too loudly so that other people can experience the home too.

Following these basic rules will help your case as a buyer and will allow other people to picture themselves in the home as well.

Benefits and downsides of open houses

Especially for first-time homebuyers, there are tons of benefits to attending open houses. Sure, you can see specific houses you like in person to see if they’re “the one.” And, you can also create a list of must-haves, wants, and other things you care about in a home. For example, you may go to an open house where the home has tons of built-ins, and you may love it. Add “built-ins” to your want list for your future home. Or, maybe you find a home with eight-foot ceilings or small, cramped spaces that just don’t work for you — add them to your “no-go” list. 

There are a few downsides to open houses though. Sometimes, it’s difficult to view yourself in a home with lots of other people there, which is common at open houses. And, you may not get as much time with the listing agent as you would like to ask questions. One more downside is that open houses usually create lots of interest in a home. So, if you want to write an offer, you may have more competition after an open house.

Open houses for first-time home sellers

If you haven’t sold a home before, an open house can be intimidating. There is a good amount of work that goes into an open house. Read on to find out how to prepare your home for an open house and what the benefits and downsides are from the seller’s point of view.

How to prepare your home for an open house

Preparing your home for an open house can be a lot of work, but it can also drum up a lot of interest in your home. The goal of an open house is for prospective buyers to be able to see themselves in your home. 

Below is a checklist of tasks to prepare your home for sale you may want to consider doing before having an open house:

• Complete any repairs you may have been putting off
• Declutter
• Remove excess furniture
• Remove personal photos
• Remove children’s artwork and projects
• Remove pet accessories, dishes, and toys
• Hide valuables
• Add flowers throughout your home
• Make up beds in the home with fresh sheets
• Make sure there are no foul or moldy smells in your home
• Stage your home 

Additionally, it can be useful to add a special touch to your open house. Potential buyers may go to multiple open houses in one day. And at the end of the day, you want them to remember your house best. If you want to feature your gorgeous backyard, you could set up your barbecue and outdoor living space for potential buyers to show off the space. 

Your listing agent may also bring water or snacks to the open house, especially if the drinks or food are made by local businesses they want to highlight. However, offering these items to guests has become less common since Covid.

Lastly, you should make sure that you and your family members and pets have somewhere else to be for the entire duration of the open house.

Benefits and downsides of open houses

Open houses allow people to get a feel for your home. And they can do it in a way that allows them to ask the listing agent questions without the pressure of having the listing agent hovering over them for the whole tour. This can lead to offers on your home. Plus, your agent only has to be at your home for a few hours instead of scheduling tons of individual home tours. And that means you only have to clean up your home once. 

There are some downsides to open houses though. Although it is extremely uncommon, some sellers worry that visitors will steal from or damage their home. If you are especially concerned about this, it’s best to have minimal objects in your home and ask your agent to monitor guests closely. 

Another downside is that some guests may not be qualified to buy your home. Or, maybe they are just curious neighbors who just want to see what the inside of your home looks like. Nevertheless, most people at your open house will be interested in buying. So, all the effort you put into tidying your home will almost certainly be worth it. 

When should you have an open house and for how long?

The best time for an open house is off-peak times when people are less likely to be working or attending their kids’ activities. Most real estate agents will host open houses on Saturdays and Sundays and on weekday evenings. Sunday afternoons are a particularly common time to host open houses. 

Most listing agents recommend having an open house shortly after your home hits the market, but later open houses can help generate interest too. You can also host an open house after a price decrease in order to find new people interested in your home.

You may wonder: how long is an open house? Most open houses are one hour to three hours long, depending on when they are. For example, evening open houses may only be an hour. Weekend open houses maybe three or even four hours long. Remember that your open house can only be as long as you and your family (and your pets) can stay out of the house and as long as your real estate agent’s schedule allows.

How to promote your open house

While some people may think that promoting open houses is more complicated nowadays, Covid has popularized new ways of promoting and offering open houses. For example, it is common for listing agents to live-stream an open house.  Live-streaming allows buyers to view the home in a new light, not just through photos. Listing agents can offer open houses over video conferencing apps such as Zoom as well, which means you can view a home even if you are out of town.

Other ways to promote your open house are to show videos or photos of your home via social media platforms such as Facebook, Instagram, Snapchat, and TikTok. You can of course show photos and videos of your own home. But your listing agent may be able to advertise your property via their social media accounts and their company’s social media accounts too in order to motivate buyers to place an offer.

What is a good turnout for an open house?

Because there are so many unique homes on the market, it is hard to say what a good turnout for an open house is. Sometimes, you may get fewer people at an open house if your home is at a particularly high price point. Or, you may get more people touring your home but they could just be curious neighbors, or people that are not serious buyers. Most listing agents aim to have about 10-20 people visit a home at an open house. But, the real way to see if an open house is a well-executed event is to see how many people submit offers or request individual tours afterward.

Do open houses actually help sell a home?

Although open houses can be a lot of work to put on, they are a great tool for sellers. And, they are an accessible, non-intimidating way for homebuyers to get to know the housing market. If you are considering attending or hosting an open house, chat with your real estate agent to see what they think and if they have any tips to offer. 

How to find open houses near you

There are plenty of ways to find open houses near you. You can ask your agent and your network if there are any upcoming open houses you should attend. You can also use Redfin to find tons of open houses near you. To do this, go to Redfin’s open houses near me page.

On the page, input your desired location of where you want to search for open houses.

Then, input your price range and click search.

From there, you will be taken to a map page with a list of all open houses happening within your search criteria. 

The post What is an Open House? A Complete Guide for Buyers and Sellers appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Mold is always around you. There are probably spores in the air you’re breathing right now. For most people, a few mold spores won’t pose a health risk. But, given a chance to grow, mold can quickly threaten the health of a home and the people living there.

Studies have linked mold exposure to various health issues, which often involve respiratory symptoms like coughing, wheezing, and trouble breathing. According to the CDC, mold can aggravate asthma, trigger allergies, and cause hypersensitivity pneumonitis, a type of lung inflammation.

Human health aside, mold can also affect the well-being of pets and the home itself. Mold can grow on ceiling tiles, drywall, wood, and other materials, causing extensive damage over time.

It’s always best to address mold as soon as it’s discovered, no matter the type of mold or size of the problem. This is what you need to know about addressing mold issues in your apartment or rental home.

What should you do if you think there’s mold in your apartment?

Mold growth is usually easy to recognize, when you can see it. It can be white, black, green, gray, or yellow in appearance and give off a musty odor. It will form near water damage or places where moisture collects.

You can’t always see mold growing. Sometimes, the smell is the only sign.

A mold infestation will spread as far as conditions allow, so it’s best to tell your apartment building management or landlord as soon as you suspect a problem. That gives your landlord a chance to fix the problem before it gets worse.

Take note of a few things:

• The surface the suspected mold is growing on. Note whether it’s a hard surface (tile or glass) or a soft surface (carpet or upholstery).
• The spread of the suspected mold. How much space is it affecting?
• The color and odor of the suspected mold.

Take photos of the suspected mold for your records. If you can, try to determine the cause of the mold growth, such as a leaky pipe or lack of ventilation, but only if it’s easy to see. Don’t do anything that risks your health or damages the property.

Once you’ve gathered your findings, report them to your property manager or landlord.

Don’t wait to address a possible mold problem. If mold is present, it’s best to treat it quickly. Mold on hard surfaces can usually be cleaned, but soft surfaces usually need to be disposed of. More on that later.

What causes mold to grow indoors?

Microscopic mold spores are present in the air and aren’t visible to the naked eye. They can start growing within 12 to 48 hours after drifting onto a wet surface. This is why mold is most common in high-moisture areas like bathrooms and kitchens. It can also appear in places that always have a high humidity level.

Leaks and flooding also encourage mold growth. That makes roofs, attics, windows, pipes, and basements easy targets.

Mildew, a type of mold, likes to grow on hard surfaces. But it can also thrive on soft, damp surfaces, especially cellulose materials like paper, wallpaper, cardboard, and wood.

How do you know which types of mold are toxic?

Toxic molds release substances called mycotoxins, harmful byproducts of mold. Mycotoxins travel through the air on mold spores and can lead to illness in humans and pets.

All mold varieties can affect your health, but different types of mold affect people differently, having a stronger effect on some than others.

The people most at risk of developing mold-related irritation or illness are:

• People with mold allergies
• People with respiratory illness
• People who have a compromised immune system

There are several types of toxic mold. The most widely known form is Stachybotrys chartarum, better known as black mold.

Black mold

Black mold is a common type of toxic mold found throughout the U.S. It likes to grow on paper and fabric materials and is typically dark in appearance. Sometimes, it looks fuzzy or speckled in orange. It has a distinct, musty odor. 

It can be hard to distinguish between black mold and other forms of mold. Black mold can cause serious health issues in some people, so it’s important to act quickly.

Mildew

Mildew refers to a group of mold or fungus that likes to grow on hard surfaces, especially tiles, painted wood, and laminate in high-moisture conditions. You’ll often find mildew in the nooks and crannies around your shower.

Some types of mildew can produce mycotoxins, and all mildews can cause health issues if you’re exposed long enough. It’s generally easy to contain when it’s treated right away.

Other types of mold

There are many types of mold, and most mold colonies contain several different species. Some molds are more toxic than others, but all molds can potentially cause health problems for the people and animals in your home.

Things that can be mistaken for mold

Moss, algae, and lichen can grow on the siding, roof, or patio of your home and can often be mistaken for mold. They tend to grow in naturally humid climates. You might see moss growing on apartments in Seattle, WA, but it would be pretty unusual to see it on apartments in Phoenix, AZ.

These plants tend to be harmless, but they can be signs of a moisture problem that can lead to indoor mold or damage the home. They can also mean other, larger issues with the home.

Dark stains, pollen, and even dust buildup can also be mistaken for mold damage.

When in doubt, document the problem and tell your property manager or landlord, just in case.

Should you test mold after you find it?

The decision to test mold is up to you and your property manager or landlord.

The CDC suggests tenants skip testing and go straight to removal, since any mold can present health risks. “No matter what type of mold is present, you should remove it,” the CDC says.

Since health effects vary so much from person to person, they add that “you cannot rely on sampling and culturing (testing) to know your health risk.”

How do you treat mold in an apartment?

Fixing a mold problem is possible, but the treatment plan depends on how bad the problem is. Small mold or mildew issues tend to be easier (and cheaper) to fix.

This is why it’s so important to address mold as soon as you see or smell it. The bigger a mold problem gets, the more complicated and costly it gets to repair.

Treating minor mold problems

Minor mold problems are typically defined as anything smaller than 10 square feet. Mold is usually easier to address when it shows up on tile, around windows, or on other hard surfaces that tend to catch water.

The EPA doesn’t recommend using bleach to treat a common mold problem yourself. Instead, they suggest using a simple mixture of water and detergent.

If you see mold on soft surfaces, the best solution is usually to dispose of it. These surfaces include:

• Laundry
• Upholstery
• Drapes
• Rugs
• Carpets
• Books
• Paper 

If the item belongs to the property owner, make sure to contact them before you throw anything away. If you aren’t sure whether to clean something or throw it away, talk to your property manager. If you want to try to save personal items with mold on it, contact someone who specializes in mold remediation and removal.

Treating larger mold problems

When mold infestation affects an area larger than 10 square feet or isn’t easy to clean, it’s best to seek professional help.

Professional mold removal services typically cost between $500 and $3,000, depending on the extent of the damage. In some cases, they can cost more.

Know your renter’s rights

Tenant rights vary from state to state. But they usually include laws that protect tenants from living in an unhealthy environment.

Tenants may need to meet some or all of the following requirements before management is legally required to fix a mold problem:

• The tenant sent timely notice in writing (specific requirements may vary by state)
• The mold wasn’t caused by the tenant or tenant’s guests in the rental unit
• The tenant isn’t behind on rent

Unlike health hazards like lead paint, the U.S. government has no federal laws regarding mold in apartments or other rental property. Each state makes its own guidelines, so check the landlord-tenant law where you live to plan your next steps.

What to do if your landlord won’t fix a mold problem

You may have options if the landlord won’t fix a mold problem that meets your state’s requirements. If you aren’t sure about your rights, speak with an attorney or advocacy group specializing in landlord-tenant law.

A tenant’s options may include:

• Break the lease without penalty
• Pay for mold removal themselves and deduct the cost from the rent
• File a lawsuit against the landlord

These options are a tenant’s last resort. Talk to a certified attorney to fully understand your rights.

How to keep mold out of your apartment

A landlord is much more likely to hold a tenant responsible if the tenant’s actions contributed to the problem. The CDC recommends taking these steps to prevent mold from growing in the first place:

• Keep humidity levels low. Air humidity levels below 50% are optimal. Home improvement stores sell humidity meters that measure the air’s moisture. Air conditioners and dehumidifiers may be able to help tenants who don’t already have them.
• Allow indoor air to flow freely. Use exhaust fans in bathrooms and kitchens to push moisture out of the home. If you have a clothes dryer, make sure it’s venting air outside.
• Keep your apartment clean. Clean bathrooms with cleaning products that kill mold. Make sure to follow all safety instructions listed on the package, especially if it contains toxic chemicals.
• Tell your landlord right away if you notice any water leaks or moisture buildup.

How property managers can keep mold away

Preventing mold problems protects a tenant’s health and the owner’s investment. In addition to the tips above, the CDC suggests that property owners:

1. Remove soft materials (like carpeting and upholstery) from basements, bathrooms, and other damp areas.
2. Use pressure-treated wood when you can. Properly paint, stain, or seal wood and repair cracks or holes in wood with caulk.
3. Routinely inspect the property to check for leaks and proper care. Inspection laws may vary by state and the terms of the lease agreement.
4. Ask tenants to report leaks and standing water immediately. Fix any water issues as soon as they appear.  

If a mold issue arises, it’s important for tenants and property managers to take action. Acting quickly and effectively is the best way to protect against mold’s harmful and costly effects.

Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional, or financial advisor.

The post Mold in Your Apartment? Here’s What to Do appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Cryptocurrency is changing how we think about money, investing, shopping, and even real estate. That’s why we’ve teamed up with Money.com to discuss how cryptocurrency may influence your next home purchase or sale. 

From comparing the advantages and disadvantages of blockchain real estate loans to expert opinions from Redfin Chief Economist Daryl Fairweather, this article will answer your top questions about crypto real estate.  

What exactly is cryptocurrency?

Cryptocurrency is virtual money that’s purchased, sold, traded, and stored strictly over the internet. The technology that powers cryptocurrency is called the blockchain. Blockchains, as their name suggests, are strings of data stored across a series of decentralized networks. Every crypto transaction ever made is recorded—for perpetuity—in a blockchain. The data contained in a blockchain can’t be changed, in part because it’s recorded in so many separate places.

Who is using cryptocurrency?

Chances are, someone that you know owns or has owned cryptocurrency. Recent data reveals that about 16% of Americans have, at some point, invested in or traded crypto. Crypto has made deep inroads with younger generations, but it has been embraced by consumers of all ages. Some 38% of Millennials say that they have some kind of cryptocurrency investments, Gen X-ers (aged 42-57) are next most likely to invest in cryptocurrency, with 28% of them reporting crypto use. Gen Z is close behind, with a reported 23% of them owning cryptocurrencies. 

Crypto has penetrated a wide range of financial markets, and the housing market stands out as a key example. One of our recent reports found that 11.6% of first-time homebuyers liquidated crypto assets to purchase their home.

How blockchain technology and crypto are changing real estate 

To better understand how crypto has impacted the real estate industry and how it may continue to do so in the future, we sat down with Redfin Chief Economist Daryl Fairweather for her insights.

According to Fairweather, the percentage of homebuyers using crypto to save for their down payment has increased every year from 2019 to 2022. At the same time, many tech companies are working to streamline crypto real estate transactions in order to make it easier for people to buy and sell homes using crypto.

When asked if she foresees the blockchain completely digitizing the traditional real estate process, Fairweather said, “The futuristic world people envision where you pay for a home with digital currency and the transaction just happens instantly is still years away.” She continued, “it’s a hard jump from everything being on paper, on the county level to everything existing on the blockchain. It’s a cool, optimistic version of real estate, but it’s hard to imagine how we get from A to B.” 

Even though fully digitized real estate transactions across the industry are still years away, some mortgage lenders are taking the first steps by offering crypto mortgages. Previously, the simplest way to use crypto funds to finance your home was to convert them to cash. However, a crypto mortgage doesn’t rely on having cash—just crypto. Let’s look at how crypto mortgages work and where you can find one.

What is a crypto mortgage?

Crypto mortgage lenders are still rare, but their numbers are growing. The product these companies offer differs considerably from traditional mortgages. Here’s how:

While traditional lenders may rarely consider your crypto assets during the loan origination and underwriting process, that’s the only kind of asset a crypto lender will consider. Traditional mortgage lenders also take your monthly income and credit score into account during their approval process, however,  that isn’t always the case for crypto mortgage lenders. That’s because the loans they offer are 100% collateralized by the assets in your crypto wallet.

Here’s another key difference between crypto mortgages and traditional mortgages. With a traditional mortgage, should you spend some of the money you have in your savings or investment accounts, the amount you owe on your home and your monthly payments don’t change. However, with a crypto mortgage, the value of your crypto could change overnight. If the value of your crypto portfolio shrinks, the lender will expect you to make up the difference – up to the amount you owe so your loan remains fully collateralized. Alternatively, a crypto lender might also raise your interest rate or your monthly mortgage payment.

Most banks don’t accept cryptocurrency directly when you make your down payment, mortgage payments, or pay other fees associated with your home purchase. Unless you work with a specialist crypto mortgage lender, you’ll need to cash in your crypto for dollars to make your home purchase.

What are some of the advantages and disadvantages of blockchain real estate loans?

Let’s start with the pros. Here are some of the reasons why you might gravitate towards a crypto mortgage:

• Expedited processes: With a conventional mortgage, the loan origination and underwriting processes may take a month or more. By contrast, blockchain real estate loans can be approved and funded in a matter of days.
• It may be easier to be approved for a mortgage loan: Unlike traditional lenders, many crypto mortgage borrowers don’t require you to provide documentation such as bank statements, tax records, and pay stubs for loan origination or underwriting. Many crypto lenders don’t perform the in-depth credit checks that conventional mortgage lenders require. That means you may be approved for a crypto real estate loan even if your credit or employment history is spotty.
• Traditional assets may not be necessary: If you don’t have a lot of traditional assets, such as cash in the bank or a rich stock portfolio, but rather have your money tied up in cryptocurrency, you may be more likely to be approved for this type of mortgage.
• Your crypto holdings could increase in value: While you need to pledge your crypto assets to secure a crypto mortgage, you don’t have to sell them. If you have faith that your crypto will increase in value, that may be an advantage. If your crypto portfolio gains value, those gains are yours to keep or cash out.

On the flip side, here are some of the drawbacks associated with crypto mortgages:

• It may not be cost-effective: According to Daryl Fairweather, crypto mortgages might not be as cost-effective as other options. “It might seem more convenient not to have to convert your crypto to dollars, but I would suggest investigating whether it’s actually cheaper or not. It may be easier and cheaper to just convert to dollars and go through the traditional mortgage process.”
• High volatility: Perhaps the greatest drawback to crypto mortgages is simply the volatility of the cryptocurrency market. The price of cryptocurrencies can vary widely from day to day, making the amount of crypto a home is worth challenging to determine.  Most borrowers don’t want a lot of surprises when it comes to their home financing.
• Rules and regulations are still changing: You’re sailing in largely uncharted waters when you take out a crypto mortgage. Government and banking regulations are still in flux, so what you see may not be what you wind up with. For example, the government could start requiring homebuyers to pay additional taxes for real estate transactions involving crypto loans. 
• There are few lenders to choose from: You don’t have as wide a choice of lenders. There are hundreds of thousands of banks, fintech companies, and other financial institutions that make the mortgage market more competitive. However, there are fewer than a handful of crypto mortgage lenders. Others may come on board, but many financial institutions that haven’t fully committed to the business already have consumers waitlisted for the product.
• You may need to reevaluate your financial routine: You can’t sell your crypto if it reduces the amount of value you pledged to get your loan without penalty. If you’re an active crypto trader, that may hamper your financial routine.

Frequently asked questions about crypto real estate mortgages

Does using crypto for my down payment decrease my chances of mortgage approval?

If you cash out of your crypto holdings to make a down payment on a traditional loan, no, not at all. Cash is cash in a traditional lender’s eyes. If you’re taking out a true blockchain real estate loan, you need to use crypto to collateralize it and be approved. Either way, using crypto to pay for your down payment shouldn’t affect the mortgage approval process.

With a true blockchain real estate loan, the volatility of cryptocurrencies is balanced by the stability of the real estate market. Crypto lenders are willing to risk volatility because when they lend to you, they have an ownership interest not only in your crypto assets but also in your home. 

How do crypto mortgage rates compare to traditional mortgage rates?

After a sharp decline during the beginning of the pandemic, mortgage rates are on the rise again. In mid-May, the average rate on a 30-year fixed-rate mortgage was around 5.4%. Milo, a well-known crypto mortgage company, advertised its lowest rate as 5.95%. So crypto mortgage rates appear to be higher than traditional mortgage rates, at least for the time being.

Which cryptocurrencies can be used for a crypto mortgage?

That depends on the lender. Some will accept a range of cryptocurrencies, while others may limit you to the most popular and established coins, such as Bitcoin or Ethereum. If your holdings are in lesser-known currencies, you may have to do some shuffling of your portfolio to qualify for a crypto loan from your preferred lender.

What happens if your crypto loses value over time?

You would have to cover losses with more crypto or cash. If the value of your pledged crypto declines below a threshold set by the lender, then you’ll have a limited period to pledge additional crypto.

Summing up crypto real estate

Cryptocurrency ownership is becoming the norm rather than the exception, and the mortgage market has responded. Is using your digital assets to fund your home purchase a good choice for you? That depends on a wide range of factors, including your own projections on how the value of cryptocurrencies will fluctuate. 

Your credit history may come into play in your decision. If you have excellent credit, a traditional mortgage may be the way to go. If not, you may be more readily approved for a crypto mortgage. The specific currencies you own may also factor in. Suppose you’re invested in a wide range of lesser-known cryptocurrencies. In that case, you may need to revise your crypto investment strategy to qualify for a crypto loan.

The point is, it’s worth investigating. The good news is that the tremendous number of mortgage lenders competing for your business and the growing array of mortgage products out there today can only put homeownership within reach for more buyers.

This article was created in collaboration with Susan Doktor from Money.com. 

Redfin does not provide legal, tax, or financial advice. This article is for informational purposes only and is not a substitute for professional advice from a licensed attorney, tax professional, or financial advisor.

The post Redfin & Money.com Answer Your Top Questions about Crypto Real Estate appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Richmond, VA, one of America’s oldest major cities, is a great destination for those looking to live in the Mid-Atlantic region. With a rich history, countless museums to explore, and plenty of outdoor activities, it’s no wonder Richmond is also home to nearly 235,000 people. As you start your home search, there are three key points to keep in mind – the housing market is very competitive, the median home sale price is $310,000, and the average rent price for a 2-bedroom apartment in Richmond is $1,735.

Don’t worry if those numbers don’t fit in your budget – we’ve got options to help you find a place that does. We’ve gathered a list of the 10 most affordable Richmond suburbs to consider living in. And the best part is that they’re all less than 35 minutes away from the city center. That way you can live close to Richmond and all its awesome activities without paying the premium price for a home there.

#1: Bensley

Median home price: $193,000
Driving distance from Richmond: 15 minutes
Bensley, VA homes for sale
Bensley, VA apartments for rent

With a median home sale price nearly $120K less than Richmond, Bensley is the most affordable Richmond suburb on our list. About 6,000 people live in this suburban area and you’ll only be about 15 minutes away from downtown Richmond. Living in Bensley, you can spend time exploring Bensley Park or check out Falling Creek Ironworks Park and the nearby Bridge at Falling Creek.

#2: Hopewell

Median home price: $199,000
Driving distance from Richmond: 25 minutes
Hopewell, VA homes for sale
Hopewell, VA apartments for rent

Hopewell takes second place on our list. About a 25-minute drive away from downtown Richmond, you’ll be touring the Virginia Museum of Fine Arts in no time. Home to Old City Point Waterfront Park where you can see the confluence of the James and Appomattox Rivers, and the Hopewell Riverwalk, there’s plenty to do in this Richmond suburb. 

#3: Ettrick

Median home price: $201,500
Driving distance from Richmond: 30 minutes
Ettrick, VA homes for sale
Ettrick, VA apartments for rent

Just 30 minutes away from Richmond, you’ll find the suburb of Ettrick. Even with a population of about 5,000, there are plenty of unique spots to visit in Ettrick. Make sure to visit Ettrick Park or explore the Virginia State University campus if you move to the third most affordable suburb. 

#4: Petersburg

Median home price: $220,000
Driving distance from Richmond: 25 minutes
Petersburg, VA homes for sale
Petersburg, VA apartments for rent

Only slightly more expensive than Ettrick is Petersburg, the next suburb on our list. About 32,000 people live in this Richmond suburb, where you’ll find Lee Memorial Park, Centre Hill Mansion, and many other historic buildings and landmarks. Don’t miss checking out the Pocahontas Island Black History Museum. 

#5: Matoaca

Median home price: $225,000
Driving distance from Richmond: 35 minutes
Matoaca, VA homes for sale
Matoaca, VA apartments for rent

Drive 35 minutes south of Richmond and you’ll find the suburb of Matoaca, another great area to add to your list. Home to 2,500 residents, this affordable town can be a great choice for people looking to remain close to Richmond without paying the price for a home in the city. In Matoaca, you’ll find Appomattox Riverside Park and have easy access to all the attractions throughout the city of Richmond. 

#6: Sandston

Median home price: $230,000
Driving distance from Richmond: 15 minutes
Sandston, VA homes for sale
Sandston, VA apartments for rent

A recognizable Richmond suburb is Sandston, where the median home sale price is about $80K less than in Richmond. With just about 7,000 people living in Sandston, it’s a great suburb to consider moving to. Whether you spend the day at Sandston Memorial Recreation Center or grab a coffee at a local café, there are many activities to do and see in this suburb. 

#7: East Highland Park

Median home price: $235,000
Driving distance from Richmond: 10 minutes
East Highland Park, VA homes for sale
East Highland Park, VA apartments for rent

Seventh on our list of affordable Richmond suburbs is East Highland Park, which is about 10 minutes away from the heart of the city. With a population of roughly 15,500, living in East Highland Park is a great alternative to Richmond’s hustle and bustle. Don’t miss out on visiting Chickahominy Bluff and exploring the Highland Park Plaza Historic District once moving here.

#8: Enon

Median home price: $250,000
Driving distance from Richmond: 25 minutes
Enon, VA homes for sale
Enon, VA apartments for rent

If you’ve been living in Richmond for some time, you might know the suburb of Enon. Roughly 4,500 residents call Enon home, so you’ll have a fraction of Richmond’s population while remaining close to the city and its attractions. Make sure to visit the R. Garland Dodd Park at Point of Rocks where you’ll find lots of walking trails and picnic areas. 

#9: Colonial Heights

Median home price: $252,500
Driving distance from Richmond: 25 minutes
Colonial Heights, VA homes for sale
Colonial Heights, VA apartments for rent

Colonial Heights is a great place to consider moving to that will get you access to downtown Richmond in just about 25 minutes. Just about 17,000 people live in this suburb, but there’s plenty of activities to do in Colonial Heights. Fun things to do in Colonial Heights include exploring Keystone Antique Truck & Tractor Museum or spending the day at White Bank Park.

#10: Prince George

Median home price: $303,250
Driving distance from Richmond: 35 minutes
Prince George, VA homes for sale
Prince George, VA apartments for rent

Claiming the 10th and final spot on our list of affordable Richmond suburbs is Prince George. Without traffic, you’ll find yourself in Richmond in roughly 35 minutes. This suburb has a population of 1,800 and is home to Scott Memorial Park, The Prince George County Regional Heritage Center, and Tree Time Adventures. There’s plenty to do on an afternoon or weekend while living in this charming town.

Methodology:

Affordability is based on whether a suburb is less than the median sale price of Richmond and under a 35-minute drive from downtown Richmond. Median home sale price data from the Redfin Data Center during April 2022. Average rental data from Rent.com May 2022. Population data sourced from United States Census Bureau.

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“Space City,” aka Houston, TX has become a destination for many people relocating to Texas and the Gulf Coast region. With its picturesque skyline and historic museums to the stellar food scene, chili, pecan pie, and Texas BBQ, it shouldn’t come as a surprise that close to 2 million people live in Houston. As more people move to the Houston area, it’s important to keep in mind that the median home sale price is $315,000 and the average rent for a two-bedroom apartment in Houston is $1,647. 

Don’t worry if that price doesn’t fit in your budget – we’ve got options to help you find a home that does. We’ve rounded up a list of the 10 best affordable Houston suburbs to consider living in – and they’re all under a 45-minute drive from the city. That way you can live close to Houston and all its cool activities without paying the price of living there.

#1: Sheldon

Median home price: $168,000
Driving distance from Houston: 20 minutes
Sheldon, TX homes for sale
Sheldon, TX apartments for rent

With a median home sale price nearly $150K less than Houston, Sheldon comes in at number one on our list of most affordable Houston suburbs. About 20 minutes away from downtown Houston, Sheldon is home to roughly 1,900 people. Living in Sheldon, you can spend time exploring Sheldon Lake State Park and Environmental Learning Center, which features a lake and ponds for fishing, wetlands, wildlife watching, and a boat ramp.

#2: Jacinto City

Median home price: $196,000
Driving distance from Houston: 10 minutes
Jacinto City, TX homes for sale
Jacinto City, TX apartments for rent

Jacinto City, our second suburb, is a little more expensive than Sheldon. Only a 10-minute drive from Houston you’ll be exploring the Houston Zoo in no time. Some popular things to do in Jacinto City are visiting the nearby San Jacinto Battleground State Historic Site. When living in this suburb of about 10,000 people, you can also spend the day exploring the walking trails or having a picnic at Herman Brown Park.

#3: Galena Park

Median home price: $197,750
Driving distance from Houston: 15 minutes
Galena Park, TX homes for sale
Galena Park, TX apartments for rent

Galena Park takes the third spot on our list, with a median home sale price of $197,750 and only a 15-minute drive away from the city. There are plenty of picturesque and outdoorsy activities to take part in when living in Galena Park. If you find yourself moving to this affordable Houston suburb, make sure to visit its namesake park, Galena Park. 

#4: South Houston

Median home price: $217,500
Driving distance from Houston: 15 minutes
South Houston, TX homes for sale
South Houston, TX apartments for rent

Only slightly more expensive than Galena Park is South Houston, the next suburb on our list. With roughly 17,000 residents living in this Houston suburb, make sure to stop by the 1940 Air Terminal Museum or Strawberry Park for an afternoon of fun. And weekend trips into downtown Houston won’t take you too long, only about 15 minutes, if you’re lucky to catch a traffic-free drive. 

#5: Channelview

Median home price: $239,950
Driving distance from Houston: 15 minutes
Channelview, TX homes for sale
Channelview, TX apartments for rent

About a 15-minute drive into the city, consider adding Channelview to your list of Houston suburbs to consider living in. Home to 43,000 residents, this affordable town can be a great choice for people looking to remain close to Houston without paying the price for a home in the city. In Channelview, make sure to take in the views of Bear Lake at Moncrief Park or play a round of golf at River Terrace Golf Course.

#6: Pasadena

Median home price: $240,000
Driving distance from Houston: 20 minutes
Pasadena, TX homes for sale
Pasadena, TX apartments for rent

Another noteworthy Houston suburb is Pasadena, where the home prices are about $75K less than in Houston. Home to roughly 146,000 people, Pasadena is a great suburb to consider living in. Whether you spend the day at Armand Bayou Nature Center or grab a coffee at a local café, there are many cool things to do and see in this suburb. 

#7: La Marque

Median home price: $240,000
Driving distance from Houston: 40 minutes
La Marque, TX homes for sale
La Marque, TX apartments for rent

Claiming the seventh spot on our list of affordable Houston suburbs is La Marque, which is almost 40 minutes away from the city center. With a population of about 19,000, La Marque is a great area to live in that’s not nearly as big as Houston. If you’re going to call this area home, plan time to explore Carbide Park or take a short drive to nearby Tiki Island. 

#8: Cloverleaf

Median home price: $250,000
Driving distance from Houston: 15 minutes
Cloverleaf, TX homes for sale
Cloverleaf, TX apartments for rent

If you’ve lived in or around Houston for some time, you may know our eighth suburb – Cloverleaf. About 26,000 people reside in Cloverleaf, so you’ll have a fraction of Houston’s population while remaining only 15 minutes from the city. Living in Cloverleaf, be sure to check out the North Shore Rotary Park and brush up on your roller skating skills at The Skate Machine.

#9: Baytown

Median home price: $265,000
Driving distance from Houston: 25 minutes
Baytown, TX homes for sale
Baytown, TX apartments for rent

Moving to Baytown will give you access to downtown Houston in close to 25 minutes – as long as you don’t find yourself in traffic. About 79,000 people live in this suburb, but there are plenty of activities to do in Baytown. Popular things in Baytown include exploring the walking trails or enjoying the bay views at Baytown Nature Center or enjoying the lazy river at Pirates Bay Waterpark.

#10: Bacliff

Median home price: $270,000
Driving distance from Houston: 35 minutes
Bacliff, TX homes for sale
Bacliff, TX apartments for rent

Rounding out our list of affordable Houston suburbs is Bacliff, where the home prices about $45K less than in Houston. Without traffic, you’ll find yourself in Houston in roughly 35 minutes. This suburb has a population of 10,800 residents and is home to the Bayview Equestrian Center and Bayshore Park. There’s plenty to do on an afternoon or weekend while living in Bacliff.

Methodology:

Affordability is based on whether a suburb is less than the median sale price of Houston and under a 45-minute drive from downtown Houston. Median home sale price data from the Redfin Data Center during April 2022. Average rental data from Rent.com May 2022. Population data sourced from United States Census Bureau.

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The post 10 Most Affordable Houston Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Often called “Cowtown,” Fort Worth, TX, is a destination for locals and out-of-towners alike. From its legendary food scene, close proximity to Dallas, and easy access to all Texas has to offer, it shouldn’t come as a surprise nearly 1 million people are living in Fort Worth. As you start your homebuying journey, there are three things you should know – the housing market is very competitive, the median home sale price is $340,000, and the average rent price for a 2-bedroom apartment in Fort Worth is $1,775.

If that price doesn’t fit into your budget, don’t worry. We’ve collected the 10 most affordable Fort Worth suburbs to consider moving to. And the best part is that they’re all less than 60 minutes away from the city center. You’ll be close enough to explore all of Fort Worth’s best activities, without paying the price of city life.

#1: Sansom Park

Median home price: $145,000
Driving distance from Fort Worth: 15 minutes
Sansom Park, TX homes for sale
Sansom Park, TX apartments for rent

With a median home sale price of $145,000, Sansom Park claims the first spot on our list of affordable Fort Worth suburbs. About 15 minutes away from downtown Fort Worth, Sansom Park is home to roughly 5,600 residents. Living in Sansom Park, you can spend time exploring Marion Sansom Park or grab some great Mexican food at one of the local restaurants.

#2: White Settlement

Median home price: $231,000
Driving distance from Fort Worth: 15 minutes
White Settlement, TX homes for sale
White Settlement, TX apartments for rent

White Settlement takes second place on our list. The same distance from Fort Worth as Sansom Park, you’ll be visiting the historic Fort Worth Stockyards in no time. Living in White Settlement, make sure to spend the day at Splash Dayz waterpark. Home to 18,000 people, you can also check out the exhibits at the Texas Civil War Museum. 

#3: Wilmer

Median home price: $240,000
Driving distance from Fort Worth: 55 minutes
Wilmer, TX homes for sale
Wilmer, TX apartments for rent

Wilmer takes the third spot on our list, with a median home sale price of $240,000 and about a 55-minute drive away from Fort Worth. Even with a population of just about 4,700, there are plenty of cool areas to explore in Wilmer. If you find yourself moving here, make sure to check out Trinity River Greenbelt Goat Island Preserve. 

#4: Cleburne

Median home price: $246,000
Driving distance from Fort Worth: 35 minutes
Cleburne, TX homes for sale
Cleburne, TX apartments for rent

With home prices only $6K more expensive than Wilmer is the city of Cleburne. About 33,000 people live in this Fort Worth suburb, where you’ll find Gone with the Wind Museum and The Chisholm Trail Outdoor Museum. Don’t miss checking out the John P. Bradshaw Park and nearby Cleburne Sports Complex for an afternoon in the sun.

#5: Blue Mound

Median home price: $250,000
Driving distance from Fort Worth: 15 minutes
Blue Mound, TX homes for sale
Blue Mound, TX apartments for rent

About a 15-minute drive into the city, consider adding Blue Mound to your list of Fort Worth suburbs to check out. Home to 2,500 residents, this affordable town can be a great choice for people looking to remain close to Fort Worth without paying the price for a home in the city. Living in Blue Mound, you’ll find Blue Mound Park and have easy access to all the attractions throughout the city of Fort Worth. 

#6: Haltom City

Median home price: $272,000
Driving distance from Fort Worth: 10 minutes
Haltom City, TX homes for sale
Haltom City, TX apartments for rent

Sixth on the list is another well-known Fort Worth suburb, Haltom City, where you’ll find the home prices are about $50K less than in Fort Worth. Home to roughly 43,000 people, Haltom City is a great suburb to consider buying a home in. With the DFW Elite Toy Museum and many local shops, you’ll have easy access to what makes this suburb unique. 

#7: Keene

Median home price: $278,000
Driving distance from Fort Worth: 35 minutes
Keene, TX homes for sale
Keene, TX apartments for rent

Claiming the seventh spot on our list of affordable Fort Worth suburbs is Keene, which is almost 35 minutes away from the heart of the city. With a population of close to 7,000, living in Keene is a great alternative to Fort Worth’s hustle and bustle. Don’t miss out on visiting Dinosaur Science Museum and Research Center once living here.

#8: Watauga

Median home price: $297,000
Driving distance from Fort Worth: 15 minutes
Watauga, TX homes for sale
Watauga, TX apartments for rent

If you’ve been living in Fort Worth for some time, you probably know the suburb of Watauga. About 25,000 people reside in Watauga, so you’ll have a fraction of Fort Worth’s population while remaining close to the city and its attractions. Once moving to Watauga make sure to fish or enjoy the lakefront views at Capp Smith Park. 

#9: Ferris

Median home price: $306,000
Driving distance from Fort Worth: 60 minutes
Ferris, TX homes for sale
Ferris, TX apartments for rent

Ferris is a great place to consider living in that will get you access to downtown Fort Worth in just about an hour. Only 3,500 people live in this suburb, but there’s always a local business to support in Ferris. Attractions in Ferris include exploring Old Brickyard Golf Club and picnicking at Mutz Park. 

#10: Azle

Median home price: $313,250
Driving distance from Fort Worth: 30 minutes
Azle, TX homes for sale
Azle, TX apartments for rent

Rounding out our list of affordable Fort Worth suburbs is Azle. If you’re lucky to avoid traffic, it’ll only take about 30 minutes to drive into Fort Worth. This suburb has a population of 13,500 and is home to Central Park, Azle Historical Museum, and Azle Antique Mall. There’s plenty to do on an afternoon or weekend while living in this charming town.

Methodology:

Affordability is based on whether a suburb is less than the median sale price of Fort Worth and under a 60-minute drive from downtown Fort Worth. Median home sale price data from the Redfin Data Center during April 2022. Average rental data from Rent.com May 2022. Population data sourced from United States Census Bureau.

The post 10 Most Affordable Fort Worth Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.