Does Columbus have alot of demand for 4bedroom homes?

Does Columbus have alot of demand for 4bedroom homes?

New to Real Estate · Vancouver, British Columbia · Member since 2022 · 157 posts · 86 votes

Hello BP,


Iv noticed on rentometer going from 3 to 4 bedrooms adds in some areas 400/month to rent. Have any investors in the area found this to be true ? 

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Michael K GallagherBusiness Member
Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
3y

@Gurjot Grewal in general i find it really depends on the area.  goign from 3 bed to 4 bed in the hilltop might get you a couple hundred, I believe the most recent section 8 vouchers are $1328 for 3 bed and $1664 for 4 bed.  Or something like that, so thats always a good guide.  But I'd say if you are looking at going from a 3 bed to a 4 bed in worthington or dublin or somethwere like that you will add more in rent but the real bonus will be the additional appreciation and demand on the sale side.  I assume you are talking about a single family home for this as well.

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  • Austin McClainBusiness Member
    Real Estate Agent · OH · Member since 2021 · 350 posts · 603 votes
    3y

    Pay attention to the radius. If this changes, it could affect your estimated rent. Bigger pockets has a rental estimate tool that i like using as well. 

  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    3y

    @Gurjot Grewal in general i find it really depends on the area.  goign from 3 bed to 4 bed in the hilltop might get you a couple hundred, I believe the most recent section 8 vouchers are $1328 for 3 bed and $1664 for 4 bed.  Or something like that, so thats always a good guide.  But I'd say if you are looking at going from a 3 bed to a 4 bed in worthington or dublin or somethwere like that you will add more in rent but the real bonus will be the additional appreciation and demand on the sale side.  I assume you are talking about a single family home for this as well.

  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    Look on the market and see how many are available, call the agent that has one listed and ask how many applications they have on it 

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