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What factors influence the value of ranch homes for rent?

A:

Quick Answer

Important factors for rental price of a ranch home include its location within its larger metropolitan area and how big it is. Because ranch homes tend to be in more suburban areas, access to grocery stores and other places factor in as well.

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Full Answer

Location has a significant impact on home rental prices; homes in metropolitan regions of California, for example, are generally worth more than those in the Midwest. Homes close to major metropolitan city areas also tend to be more expensive than those in more suburban or rural environments, so homes in the New York City area are generally significantly more expensive to rent than those close to the middle of the United States.

However, buyers also prefer larger homes, and large homes are typically worth more than their smaller counterparts. A four-bedroom ranch house is likely to cost more to rent than one with only two bedrooms. Convenience plays a major role as well, and convenient transportation can make a home more valuable. Homes in Houston, Texas, that feature a short commute to popular work areas are often more expensive to rent, but their higher rental price might be offset by lower transportation fees. Renters often look for homes near schools that rate well and lower crime rates, so these factors can raise or lower the typical rental price.

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