Ask AgentOwned’s Real Estate Experts--Should I Rent or Sell My House?

AgentOwned Realty, a renowned local real estate expert in South Carolina, understands the intricacies of the real estate market, particularly in the vibrant city of Charleston. For those contemplating the best places to live in Charleston SC, AgentOwned stands out as the premier brokerage in the area, known for its top-rated real estate agents.

If you're considering making the move to the South, it's crucial to take into account various factors such as the weather in South Carolina, the quality of schools, and the availability of jobs. The climate in South Carolina is known for its mild winters and warm summers, making it an attractive destination for many.

When it comes to real estate, the option of transforming your current house into a short-term rental property is gaining popularity--we’ve seen it a lot at AgentOwned! However, it's important to recognize that this endeavor comes with its own set of responsibilities. Successfully managing a short-term rental involves tasks like handling reservations, coordinating check-ins, and managing cleaning, landscaping, and maintenance duties. Given the high turnover rates associated with short-term rentals, expect increased wear and tear on your property. This might necessitate more frequent repairs and replacements.

Before embarking on this endeavor in South Carolina, consider your ability to commit the necessary time and effort. Platforms that advertise rental listings often have specific requirements for hosts. Additionally, think about whether you're equipped to handle potential repairs, or if you have a network of reliable and affordable contractors at your disposal. Being a landlord also entails screening tenants and dealing with various issues, unless you opt to hire a third party for assistance.

Moreover, it's essential to be aware of the regulations surrounding short-term rentals. As the industry expands, so do legal restrictions. Common regulations may include limits on the number of vacation rentals allowed in a particular area, especially in bustling cities and popular tourist destinations. Some cities may also mandate homeowners to obtain licenses or permits before renting out their properties. Complying with local workplace regulations and business licensing rules is crucial for any short-term rental operation.

Before making any decisions, it's imperative to thoroughly research whether short-term rentals are regulated or prohibited by the local Charleston area government and your homeowners association (HOA). This due diligence will help you make an informed choice about whether converting your home into a short-term rental is the right move for you.

In light of all these considerations, it's clear that converting your home into a short-term rental is a decision that requires careful thought and research. To explore whether selling your house might be a more suitable alternative, don't hesitate to connect with AgentOwned Realty today. We are able to manage long-term rentals instead! Our expertise and knowledge of the South Carolina real estate market can provide valuable insights for your decision-making process.

If you’re looking for your dream home, or if you need to sell your existing home, we can certainly help, our agents are ready and able! Agent Owned is a full service brokerage that can assist you in getting pre-qualified to loan approval. We can help you with title insurance, home insurance and the warranties you need to protect your most valuable asset. At AgentOwned, we have helped thousands of people buy and sell their homes, we have been in business for over 30 years and know what it takes to get the job done right the first time. 

Each agent has access to a team of qualified professionals from attorneys to mortgage specialists and access to a knowledge base of highly experienced Brokers that can handle any situation. Find the right agent now at: https://www.agentowned.com/all-agents 

To learn more about South Carolina including schools, employment and more see: https://www.agentowned.com/moving-to-south-carolina 

If you’re interested specifically in the Greater Charleston area see: https://www.agentowned.com/moving-to-charleston-sc 

If you’re looking for information about Manning, Sumter and the Lakes Area, see: https://www.agentowned.com/moving-to-manning-sumter 

And if you’re interested in the greater Anderson area see: https://www.agentowned.com/moving-to-anderson