Condo Vs. Apartment: Killeen Home Rentals

by Administrator 19. August 2015 11:36

Searching for a suitable rental home may seem to be an easy task at the outset. However, with many different kinds of housing options available, it can be quite overwhelming to choose the one that perfectly fits your lifestyle and budget. Among all the choices, most people are confused between renting an apartment and a condo. Though both seem to be almost the same, there are quite a few, yet important differences between them.

Here are some of the factors that can help you decide between renting an apartment or condo:

  • Expenses: Both apartments and condominiums usually have similar rents but there are major differences when it comes to monthly expenses. The rent amount of condos generally includes some or all of the utility charges. In addition, condos usually come equipped with most kitchen and electronic appliances, whereas the downside here is that you might need to pay certain fees for using recreation room, elevators or landscaping. These expenses are not included in apartment living.
  • Size: As comparted to apartments, condos are typically smaller and offer less occupancy. If you are a student or live alone, renting a condo might be a good option for you. However, for families, apartments prove to be a better option as it gives them enough space to live comfortably and keep their personal belongings.
  • Safety And Security: Condominium associations normally provide constant security and CCTV monitoring systems to ensure the safety of their residents. They also have intercom systems to allow the renters to speak to their guests before letting them into the complex. In an apartment, it depends upon the will of the landlord if he allows the tenant to install security system inside.
  • Maintenance: As apartments are typically managed by property management companies, you can expect a higher degree of professionalism with regard to your repair and maintenance needs. The management of condo, on the other hand, comes under the Homeowners Association (HOA).

Knowing your priorities and preferences is an important deciding factor for the type of property you want to rent. If you are looking for affordable rental homes in Killeen, TX, feel free to contact John Reider Properties. We offer an extensive listing of condos, apartments, duplexes and townhomes available for rent across multiple locations in the city. For more information, you can call us at (254) 699 – 8300 or visit our office at 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548.

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Step By Step Guide To Renting Your Home In Killeen, TX

by Administrator 5. August 2015 11:07

Renting out a home can be a tedious task, particularly for the first time property owners. As many legal requirements, paperwork and responsibilities need to be considered, it is advisable to hire an experienced real estate agent.

Here is a systematic guide that can help in efficiently renting your home:

  • Property Valuation: Asking for a substantially low or high rent could drive back most potential tenants. You should take into account the current market trends, rent quoted for similar properties in the area and the amenities offered to determine a reasonable rent for your home.
  • Get The Property Ready: Before putting your home up for rent, make sure that it has been properly renovated and looks appealing. Washing the floors and driveways, sealing cracks in walls, doors and windows, cleaning exterior areas, giving a fresh coat of paint and replacing any broken appliances are important aspects. You should also remove all the personal stuff or unnecessary items to make the home look larger and organized.
  • Marketing The Property: It is important that you use the correct marketing channels to make your property visible to potential tenants. This requires thorough knowledge of the local real estate market and advertizing experience. You should highlight the important features that attract maximum applicants and market at the popular listings.
  • Dealing With Tenant Applications: Tenant screening is a critical part of the renting procedure. It helps to ensure that you are letting your property to responsible tenants. Make sure you evaluate the applicants’ income, criminal record, and credit rating along with past rental experiences to decide on a suitable tenant.
  • Handling Paperwork: Once you have finalized the rent amount and lease conditions with the tenant, you need to get everything in writing. The tenancy agreement should clearly state the liabilities and privileges of each party regarding property maintenance, rent payment, security deposits, eviction etc. This will ensure that you do not have to face any legal or financial troubles at a later stage.

We, at John Reider Properties, provide comprehensive rental services across Killeen, TX. Our agents can help you rent your home in an efficient and hassle free manner. For more information, you can call us at (254) 699 – 8300 or visit our office at 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548.

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