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Rentals in Fairmount/Art Museum : Real Estate Advice

  • All39
  • Local Info10
  • Home Buying4
  • Home Selling0
  • Market Conditions7

Activity 3
Fri Mar 29, 2013
Jennifer Geddes answered:
Angela,
Unfortunately the square footage is not listed for this property, but I would be happy to schedule a showing for you, if you are not already working with a Realtor, so you can see the size and property.
Please feel free to contact me to discuss your search further.

Thank you,

Jennifer
jennphilarealtor@gmail.com
484-995-2155 cell
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Fri Oct 19, 2012
R. Eric Axelson answered:
This is going to shock you and my colleagues my disagree with me, but I would say that an updated kitchen can add about $100 more a month for rent. Let's run the numbers though: $5,500 expenditure /minimum 3 years (60 months) = $152.77 / month premium you need to make. Seven years makes it $65.48. Average of 5 years is $91.67.

Two: you also want to consider how much quicker it will rent. If it rents 1 month quicker and you collect an additional month's rent, than that immediately makes it all worth it.

If you allow me to, I could come by and run comps and give you the comps for current condition vs updated. Let me know.

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
267.507.2287
axelson@kurfiss.com
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0 votes 8 answers Share Flag
Fri Oct 19, 2012
Keith J. Lawson answered:
Hello Katherine,

Yes I can help you with that. Please feel free to give me a call at 267-688-1110.

Warm Regards,

Keith

Keith J. Lawson
REALTOR®
RE/MAX Affiliates N.E.

9237 Frankford Ave.
Phila, PA 19114
267-688-1110 (cell)
215-992-5534 (office)
LawsonRE@gmail.com (email)
www.keithlawsonhomes.com (web)
Member- N.A.R.,P.A.R.,G.P.A.R
Member - AREAA Philadelphia Metro
Follow me on Facebook at http://facebook.com/keith.j.lawson
Follow me on Twitter http://twitter.com/#!/KEITHJLAWSON
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