Sequim Real Estate & Homes For Sale – Sequim, Washington

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Port Angeles Homes for Rent

Port Angeles Rental HomesIf you’ve looked at homes for rent recently, you may have seen a couple of disasters out there.   I had the occasion to see what the rental market looks like when I viewed a few homes for rent.   What struck me was how grossly a landlord misrepresented two rentals in his newspaper advertisements.

One home was advertised as a nice home with a large yard.   Realty check:   the home is very old, not what you would think of as nice, and the yard was definitely not large.   It is a tiny city lot.   Another rental is advertised as nice with a fireplace and with three acres (and other glowing adjectives).     It sounded wonderful.   Realty check:   the home is probably not inhabitable, or barely if it is.   I was actually disgusted as I looked inside, and I wondered how anyone would ever want to rent this one.   While I stood there, large logging trucks and other noisy traffic zoomed by no more than 30 or 40 feet from where I stood.

What was amazing is that the landlord boldy asked for very high rental rates.   He could not have paid me enough to live in the second home.   So who rents homes like this?

If you are looking for a rental, do your due diligence, and if you’re feeling brave, tell unreasonable landlords   what you really think if they are trying to rent homes that may border on uninhabitable.   Diplomatically.

Additional Resources for Rentals:

http://www.portangelesrentals.com/listings.html
http://www.portangeleslandmark.com/

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Buying vs. Renting in Sequim and Port Angeles

Many people in Sequim and Port Angeles are still renting when they could buy.

In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant.

Buy vs. Rent Comparison
The chart below shows a cost comparison for a renter and a homeowner over a seven year period.

  • The renter starts out paying $800 per month with annual increases of 5%
  • The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000
  • After 6 years, the homeowner’s payment is lower than the renter’s monthly payment
  • With the tax savings of homeownership, the homeowner’s payment is less than the rental payment after 3 years
Years
Rent Payment
Mortgage Payment
Monthly Difference
After Tax Savings
Yearly Difference
After Tax Savings
1 800 1000 -200 -50 -2400 -600
2 840 1000 -160 -10 -1920 -120
3 882 1000 -118 +32 -1416 +384
4 926 1000 -74 +76 -888 +912
5 972 1000 -28 +122 -336 +1464
6 1021 1000 +21 +171 +252 +2052
7 1072 1000 +72 +222 +864 +2664
8-30 Savings increase every year

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  • Filed under: Homes for Rent
  • Sequim and Port Angeles Rentals

    Sequim homes for rent and Port Angeles homes for rent: how to find a rental on the Internet.

    There are four primary Internet resources that you can use to search for rental homes:

    1. Action Properties (Rental Management Company)
    2. Landmark (Rental Management Company)
    3. The Peninsula Daily Homes for Rent
    4. The Sequim Gazette Homes for Rent

    Rent is higher in Sequim than in Port Angeles, just as home and land prices tend to be higher in Sequim.

    Courtesy Sequim & Port Angeles Real Estate, LLC

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  • Filed under: Homes for Rent
  • A Message From Chuck Marunde

    Search This Blog (780+ articles):

    Would you recommend Chuck Marunde as a Buyer’s Agent?

    We contacted Chuck to be our buyer’s agent for our purchase of a home in the Sequim area.  Throughout the entire process he was enjoyable to work with, and we found him to be exceptionally knowledgeable, thorough and diligent on our behalf.  He was in constant contact and always readily available and responsive by phone and email.  We were buying from out of state and unable to cover the various steps in the process, so we really appreciated Chuck’s willingness to personally handle what we needed to have done.  He coordinated and attended the various inspections, followed up on our numerous questions and requests relating to the sale (including measuring rooms and sending photos), and even conducted the final walk through of the property for us.  We particularly valued his advice on a number of different issues that arose – and that he handled for us – during the transaction.   

    In short, we were very impressed with Chuck and would recommend him highly to anyone who is considering purchasing (or selling) in the Sequim area.

    Ed and Sharlene

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