Feel free to call if you have any questions, 410-381-3331.
Best of luck!
You will find it is easier to rent vs sell. However, when deciding to rent the decision for most people should really be a long term decision. In addition to selling a lot of homes, I invest in real estate and own and rent out about 10 properties. If you want to discuss the pros and cons and want some free pointers, give me a call anytime.
Thanks for clarifying the info you are looking for. In all honesty, the market for both rentals and sales has slowed significantly. I certainly would not classify the rental market as excellent. On the other hand, you do have a huge advantage because as compared with other areas, Columbia is still very desirable as it is central to so many other areas.
While it is important to look at the homes that have already been rented in order to come up with a price you will ask...it is equally important to know your competition (the active rental listings).
Feel free to contact me for additional information.
First of all, congratulations on being financially able to move-up with a house purchase without having to sell your current dwelling. Not many folks nowadays are in a position to do so.
Oddly enough, I just pulled together some recent rental statistics for a client of mine this morning. The first page reflects detached homes and the second page, townhomes. These stats were created using the following criteria:
- Howard County-wide (not just 21045)
- 3BR, min
- 2FB, min
- 0+ HB
- 1+ garage
Here's the link to the statistics report:
Assuming that your townhome is a close match, the numbers should not be too far off. You should focus on the "Rented" information rather than the "Active" information, since the actives reflect asking prices, and the rented category reflects actual closed, rented listings. It appears that townhomes with the criteria noted are renting for an average price of $2,175, as measured in 2008, YTD.
If you would like me to run a fresh set of statistics with different criteria, please feel free to contact me via the contact information I've provided on my web site.
I am not exactly sure what specifics you are looking for but I found 9 townhomes currently on the market in the 21045 zip code. They are asking for between 1500-2200 per month. I hope this information helps. Feel free to contact me if I can help further on any of the real estate needs you may have. Please email me at email@example.com or give me a call 410-615-0990. Best of luck to you!