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Updated about 2 years ago on . Most recent reply

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Justin Dziedzic
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Help with listing price?

Justin Dziedzic
Posted

Hey guys, sorry for the newb question; I am finalizing my first deal at the moment and just found out that the property will require flood insurance at an additional 1k per year which isn't a deal breaker, but an obvious deterrent with cutting almost $100 per month into my cash flow. BUT my question is how can I be sure of the potential rent listing price? I have used Rentometer, but what is throwing me of is that it's a very fine line between 2 and 3 bedrooms. The property is listed as a 3, however the 3rd is the attic which has about a 4' ceiling so I'm not sure if that can be counted as such? Can anyone help me out with some guidance if I gave the address? 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,370
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28,236
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Justin Dziedzic:

Ceiling height - per code - should be a minimum of seven feet. Your attic does not qualify as living space. It could be advertised as storage space, but you should not advertise it as living space.


  • Nathan Gesner
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