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Rental Basics in Farmington : Real Estate Advice

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  • Home Buying14
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Activity 2
Sat May 3, 2014
Debra (Debbie) Rose answered:
Hard to answer this.......what is your comfort level?.......do you keep your thermostat set to 67 or 72 in the winter? Is it set at 67 or 72 in the summer?
Does it have central air or window units?

How large is the unit? (multi floors or 1 level - 800 sq ft or 1200 - size does matter!)
How well insulated is the unit?
How old is the unit?

You'd be better off asking an agent about a specific complex, as your question is too general to get any meaningful response.

Some rentals can include heat.......so that will factor into the answer, too.
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Sat Mar 16, 2013
lb1373 answered:
Hey Dawn:

Not sure if you are still interested in a 4 bed/3200sqft/3 car garage home in Farmington, but, 15480' rented on 9/1/12 for $4000 per month and I got a couple into a 3519' rental for $3000 per month on 7/1/12. For 2013 three properties rented and the highest was 2412' for $3000 per month in February. I hope this gives you an idea.

However, rates seem to be inching their way up to 4%. The usual indicators are not working. Meaning, when equities go up the 10 yr goes down and rates go up. There have been inconsistencies here as of late. It takes 6 months for a fed change or rally (or whatever makes the market react) to resonate through the economy. I have a feeling the rates will be climbing by June. I hope I am wrong! I, too, own a home and would like to refinance again should the rates go into the 2% range. That said, it is a great time to buy if you are in a position to and if you are not here on short-term basis.

If you would like to talk further I can be reached at 860-481-9728. Feel free to call me.

Best,
Linda M. Byrne
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