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Updated almost 11 years ago,
Rental value of house vs. apartment
How does the rent amount vary when compared between and house and an apartment? As in, which rents for more?
I'm looking at a SFH in a neighborhood that is made up of mostly apartment buildings, so all of my rent research is for the apartments and I'm not sure how to value what I am finding.
The apartments are mostly 1 bedroom or studio and are around 750 - 900 square feet. The house I am looking at is 2 bed 1 bath at 986 square feet, so they are pretty similar. The major difference is that the apartments have on-site amenities like pools and fitness rooms which are not available for the house, but the house has washer/dryer hook-ups that are not available at the apartments.
Trying to figure out a price point for an offer on the house for buy and hold.
Thanks.