Category Archives: Citrus Hills Condos

To rent or buy? How to weigh it out

Doing the math

Andres Carbacho-Burgos, a Moody’s economist, said there’s little doubt that renting in South Florida was a better bet during the peak years of 2005 and 2006.

“What has happened since then is the housing prices have come down by a lot more than the costs to rent an apartment,” he said.

To illustrate that, Carbacho-Burgos looks to a price-rent ratio that considers the buy-versus-rent question in a more mathematical way. The ratio is calculated by taking the median cost to buy a home and dividing it by the annual cost to rent.

A price-rent ratio less than 20 is generally considered a sign that it is better to buy.

For example, if the annual rent on a three-bedroom, one bathroom home is $15,000, and a similar home is selling for $200,000, the rent ratio is 13, favoring buying as the better option.

According to Moody’s, the average price-rent ratio using apartment rents in 2006 in Palm Beach County peaked at 31 but was down to 18 in the first quarter of this year.

But that number isn’t perfect. Theoretically, the calculation should use home rental rates, which aren’t easily available in a uniform format for specific areas.

via To rent or buy? How to weigh it out.

via To rent or buy? How to weigh it out.

2011 Winter Rate Schedule

2010-2011
WINTER RATE SCHEDULE*

GREENBRIAR
CONDOS
GREENBRIAR
TOWNHOUSE
MEADOWVIEW VILLA BRENTWOOD TOWNHOUSE

NOVEMBER $1200 $1300 $1400 $1400
DECEMBER $1300 $1400 $1500 $1500
JANUARY $1700 $1800 $1900 $1900
FEBRUARY $1900 $2000 $2000 $2100
MARCH $1900 $2000 $2000 $2100
APRIL $1300 $1400 $1500 $1500

EXTENDED STAY RATES

  • ALL UNITS ARE 2 BEDROOM 2 BATHROOM MINIMUM, FULLY FURNISHED
  • A 6% STATE & 3% COUNTY TAX WILL BE ADDED TO ALL RENTALS.
  • DOWNSTAIRS CONDO UNITS DO NOT HAVE COVERED PARKING.
  • A $500.00 DEPOSIT IS REQUIRES TO CONFIRM A RESERVATION.
  • ALL UTILITIES, EXCEPT LONG DISTANCE, ARE INCLUDED IN RATE.
  • ALL GREENBRIAR CONDOS & TOWNHOMES STRICTLY NO PETS.
  • PETS IN ALL OTHERS UNITS ARE ON A CASE BY CASE BASIS.

Renting Can Be a Good Option for Sellers

Home owners who have been trying to sell their properties for a year or more might consider lease or a rent-to-own option. 

A lease option agreement gives the tenant the option to buy at a predetermined price for a rent that is slightly higher than market. In a lease purchase, a buyer commits to buying the property. In exchange, the seller credits a percentage of each payment toward the purchase price. 

Either arrangement is likely to attract serious renters who would like to buy the property if they can. In exchange, they’ll take good care of it. 

Negotiating these agreements can be tricky, and the owner should always get help from a real estate attorney. 

Source: The Wall Street Journal, June Fletcher (06/16/2010) 

via REALTOR® Magazine-Daily News-Renting Can Be a Good Option for Sellers

via REALTOR® Magazine-Daily News-Renting Can Be a Good Option for Sellers.

The Costs of Renting Out Your House

Renting out your house can be a smart financial move, as long as you calculate your costs carefully.
 For rent sign in home's yard 
There are many ways to do background checks on
prospective tenants –credit reports, past evictions,
and criminal background checks, to name a few.
Image: Alloy Photography/Veer

You have a single-family house you’d like to rent out. Perhaps you’re temporarily relocating for work, or maybe you inherited your childhood home from your parents, and you’re not quite ready to part with it yet.  

Renting can be a profitable choice, but it requires an investment of time, money, and organization to make it work. Here’s how to determine whether renting out your house is worth the cost.  Continue reading

More People Are Choosing to Rent

More than 76 percent of people say they would prefer to rent a home than buy one, up 5 percent from 2009, according to this year’s survey from the National Apartment Association. 

The survey also calculated that 60 percent of renters plan to continue renting in 2011, with only 12 percent planning to buy a home in the next year. 

Some 64 percent of renters cited having no responsibility for major repairs or maintenance as the primary reason they prefer to rent, followed by 33 percent who cited not being impacted by an unpredictable real estate market or susceptible to foreclosure. 

Source: National Apartment Association (05/24/2010) 

via REALTOR® Magazine-Daily News-More People Are Choosing to Rent

via REALTOR® Magazine-Daily News-More People Are Choosing to Rent.

Brentwood End Unit – Beautifully Furnished

1620 W Spring Meadow Loop, Lecanto, FL 34461 

Beautifully furnished corner unit Townhouse in the Gated Brentwood at Terra Vista Community. Located directly across from one of the 4 community pool. Social membership to Citrus Hills is included in your rent. You can enjoy the all of the Top-of-the-Line amenities of Citrus Hills and Terra Vista … The incredible fitness center, indoor olympic size pool, two outdoor heated lap pools, tennis center, 3 golf courses and our first class – Member’s Only – restaurants. 

$950.00 

2 Bed – 2.5 Bath 

Year built: 2005 

via Rental Detail.

Greenbriar Condo Unfurnished

303 E Hartford Street, Hernando, FL  

** Available Right Now! ** Unfurnished Clean Ground Floor Greenbriar Condo. Just step right out your back door to the facility’s Large Heated Pool. You will be right in the heart of the Award Winning Citrus Hill’s Golf and Country Club community … Social Membership dues are INCLUDED in your already low rent! At this price … why not treat yourself to the best.  

Photograph

Only $750.00  a Month.

2 Bed – 2 Bath  

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