Including Utilities Or Plus Utilities?
I am looking at a house close to a university here in Ontario Canada. I think I can get the house pretty cheap, but one thing keeps on boggling me. I look at the rental classified from the university. And I see an average of 375/month for a room. So I talked with one of my friends and he said that that includes utilities. Could he be right? I have a meeting tonight at 8:00 with an agent to see the homes in the area, and I think I am gonna have to talk to him about this. What about you guys, do you think that its 375 Plus utilities, or is it 375 Utilites included.
I am gonna find out tonight for sure though.
Please reply back with your thoughts.
Why not call a couple of the numbers listed in the ads and ask if the rent includes the utilities? Seems like a quick and efficient way to find out.
My intuition tells me that the rent includes utilities. If you are renting a room in a house, you would not separately meter each room would you? If the rent did not include the utilities, I would expect the ad to read $375 +util
At yesterday's exchange rate $375CD = $268US. Now if I just had a 10BR house...
DaveT
Thanks for your help, heheh
I called some of the numbers, and they were 375-400 dollars per room, and they included utilities.
I also called the manager of the Off Campus Housing Association and talked witht her about rentals and she explained some things to me.
Dave, this house that I hope to get currently has 6 Bedrooms, and one large are that can be broken up into two more rooms to have a total of 8.
The house also has some kind of sitting area on the first floor and in the basement, but I will leave those areas open for the tenants to chill and relax if they want to get out of their rooms.
whel, 8 rooms X 375-400 is a nice income.
minus expenses of course.
Alek,
Remember...these are YOUNG PEOPLE...
1st, last and...
...make sure YOU get a sufficient security deposit..
MORE THAN NORMAL...
....as always,
GoodInvesting, Rocky
Alek,
Good luck with this one.
Here in the States, we have municipal ordinances governing the licensing and operation of a rooming house. A business license may be required as well as a health certificate.
You might also check in your area to see if you have any similar requirements for your rental plan.