Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY
Last week’s 141st Westminster Dog Show TV ratings may not have gone through the woof—but for “Rumor,” the winning German Shepard, it was a wag-tastic finale. It brought to mind one of the foremost issues facing today’s Delaware rental homes landlords: Fido or No; Kitty or not. It can be something of a brow-wrinkler.
For sure, no matter what the ultimate decision, the owners of Delaware’s rental homes will remain on the upside in the tenant-landlord relationship. As landlords, they are in the happy position of receiving rents from their well-behaved tenants—even as they build equity in their rental properties. But one of the decisions that goes into that picture-perfect arrangement is the one about allowing or restricting pets.
A primary rule for Delaware rental home success is keeping the property rented. Vacancies cause divots in Delaware rental homes’ balance sheets—the antithesis of what rental homes ideally produce. And for each turnover, advertising, cleaning, and reconditioning expenses create new expense items. That’s where the pets/no pets decision weighs in.
The American Pet Products Association told us in 2012 that 39% of U.S. households owned at least one dog and that 33% owned at least one cat (there’s ample evidence that it’s the cats who actually own the households, but that’s another issue). But now comes evidence that those percentages may be severely underestimated.
In their “Animal House 2017” study dealing with remodeling, the National Association of Realtors® found that 81% of respondents say that animal-related considerations play a role when “deciding on their next living situation.”
Eighty-one percent!!! That’s 4 out of 5! If Delaware rental homes even come close to fitting that kind of profile, it means that landlords who choose a “no pets” strategy to protect their properties from all clawing digging, scratching and chewing might be severely limiting their potential renter pool—with bottom line repercussions. Since 89% of respondents with pets say they wouldn’t consider giving up their animals due to housing restrictions, that conclusion could be accurate.
Along those lines, the pro-animal sector is ready, willing and able to produce studies and statistics aimed at publicizing the financial benefits for owners of pets-allowed rental homes. Petfinder is one such site: when it tallies rent surcharges and shortened vacancy periods and subtracts average damage and insurance increases, it calculates a net benefit of more than $2,700 per year as a conservative estimate. I don’t know how conservative that figure truly is (most of the net is due to pet surcharges), but it could well be true that tenants in pet-friendly digs did remain in place more than twice as long (Petfinder’s calculation). Interestingly, it’s also noted that extended tenancy did not occur for tenants who kept pets illegally.
If you are thinking about the advantages of acquiring one of Delaware’s rental homes— whether it will be pet-friendly or not—now is a particularly good time to take a look at today’s available properties. Getting a jump on the spring rush makes sense—so why not give me a call? Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.
If you are a well-organized prospective Delaware house buyer, you have been weighing many factors as you prepare to start serious house hunting. One of the factors to consider is seasonal: that is, which of the five seasons is most favorable for buying a house?
It’s a fact that the most heavily favored among the seasonal choices is the traditional “peak selling season,” Spring-into-summer is the traditional busiest period for Delaware residential activity—and logic dictates that there must be persuasive reasons why so many Delaware house buyers opt to make their offers then. But persuasive counter-arguments also abound—both for selling and buying a house. Briefly, here are the most common leading reasons for choosing one season over another for buying a house:
Winter: least competition with fellow buyers, hence fewer prospects for a bidding war
Spring: traditional popularity brings the widest selection of new listings
Summer: most convenient time for travel and concentrated house hunting
Fall: most motivated sellers: highest volume of new asking price reductions
There they are—each of the seasons along with frequently cited reasons why they tend to foster the best buying opportunities. Since you have probably noted that I promised to discuss five rather than just four seasons, here’s that extra one (it’s my choice):
Your season: that is, the season when your financial preparations are complete, your professional and family schedules coincide to allow ample house hunting time, and it also feels like the time is right to get going to find your new Delaware house.
This fifth season is the one that holds the greatest prospects for buying the Delaware house you’ll be excited to call your own. The calendar provides good alternative reasons for choosing any of the traditional seasons, yet the perfect “house of your dreams” might crop up or disappear in any one of them. Your season will always be the best time to get serious about house hunting—and with any luck, that’s when you’ll land a terrific home.
P.S. That’s also the season when I’ll be standing by to supply maximum effort for the enterprise! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.