Military
Real Estate

Sometimes while you’re in service, you get deployed or relocated. If this happens, and you’re renting out your place, you have one of two options. You can either try to break your lease, or sublet.

Subletting is the process of subleasing a property to someone else under your lease. Before you decide to do this though, you should speak with your landlord to determine whether or not he is okay with it.

If you’re renting out your house, you will need to begin the process by establishing rent. This can be done by researching and understanding your local real estate market. The price should reflect a combination of utilities, amenities, furnishings, nearby attractions, and the costs of homes that neighbor yours. Truly look into each of these aspects so you don’t sell yourself short!

Over time, trends may change, so be sure to continuously check up on each factor throughout your renting journey! Raise or lower prices accordingly.

Remember to repair and renovate anything that appears to be broken or outdated. This should be done anytime before someone is going to move in. This will help get people to refer, as well as potentially help you increase your rent over time. Additionally, you should also take pictures of everything so that at the end of a sublease, you’re able to charge for any damages done.

Before you allow anyone to sign a lease, you’ll need to thoroughly look into who they are. You should create a series of relevant, personal questions, as well as meet them face to face. Additionally, you will need to look into their credit score and any eviction reports to determine whether or not they’re reliable renters. It would be advised to request reference letters, perhaps from other leasers. Viewing a proof of income will also help ensure that they will be able to make installments in a timely manner.

After you find a suitable subtenant, you will need to lay down the law in terms of a lease agreement. It should specify all rules that need to be followed, the amount owed each month, and the consequences if any of the terms are broken. Additionally, you need to add in a military clause, which basically lets a renter know that a lease can be broken at any time due to active duty orders.

You need to make sure your requirements are explicitly stated so that you don’t run into any problems while you are away.

As you go about coming up with a selling price for your home, you’ll want to look into the Comparative Market Analysis (CMA) of homes similar to yours. The CMA provides insight towards the similarities and differences of each house around the same size and value of yours, so that you’re able to develop an adequate selling price.

As you go about comparing houses, you should take note of any amenities that a house has that could potentially add to your home. Additionally, attending open-houses may give you an insight towards good home-selling techniques.

Once you’ve drafted a list of ways to improve your selling skills, as well as your home in general, you’ll need to get in contact with an inspector who will inform you of all necessary repairs needed. From there, you’ll want to go about fixing each item in order of importance.

Trends of the housing market that you may want to match include:

• Kitchen: People are more likely to spend a lot of money on homes that look very modernized. You should look into kitchen trends to establish how you could improve yours. This could be anything including islands, counters, cabinet styles, and lighting.
• Bathroom: Bathrooms are a deal breaker for many peoples final home decision. To improve yours, consider updating counters, mirrors, shower heads, and lighting to make it more desirable.
• Exterior: To help your home develop a great first impression appeal, consider renovating and fixing up the outside of your house. Pertaining to the house, look into getting a paint job and fixing up any holes and chips in the fence. As for the yard, making sure there is a good curb appeal will help reel people in. Add some seasonal plants, simple decor, and make sure the grass is kept in pristine condition.
• Roof: Over the years, weather can wear down the quality of a roof. Before you list your home, make sure to have your roof inspected and fixed if needed.

As you go about creating a list for your home, you’ll want to emphasize all the strong points. Things to mention include malls, grocery stores, recreational facilities, schools, and anything else you feel may draw in customers.

If you’re looking to save on those commissions fees we mentioned earlier, you should sell through websites that allow you to buy access to the MLS, such as beycome.

When writing your advertisements, you should be straightforward about what exactly your selling. Lay all the facts down, while also making your home seem like a better choice compared to the others around it. To easily list your home, you may find ease doing so on classifieds such as Craigslist, or on various social media platforms.

Some offline advertisements methods you could look into include signs, posters, flyers, verbal sharing, and lawn signs.