HEALTHY (RENTAL) HOME
August 19, 2018
A healthy home is a happy home. I recently became more interested in essential oils so I’m reading and learning about all the wonderful benefits of these essential oils. I found a couple of apps for my iphone that have all the oils listed and what benefits they bring. It’s really amazing to think back in history and how humans cured many ailments with natural resources. I’m so impressed with doTERRA Essential Oils, that we’re adding this product to our office for buyers, sellers and tenants to incorporate oils into their home environment. Aromatherapy is a way to use aromatic plant extracts for therapeutic purposes and enhances a feeling of well-being. When showing houses, many times you will read that sellers should bake cookies. This is to make an emotional connection. The same is true for essential oils but there are so many more options. Having a light aroma in a home can make a buyer have emotional reaction which may help the showing process when there is competition of listings for buyers to consider. If your home is priced right and in good condition, do you think buyers would be more drawn to your house if the aroma provides a sense of a safe, comfortable and peaceful home. SURE, they would!! Tenants may feel less grounded or permanent in a rental that others may have in an owned home but sometimes renting is more sensible for people who may need temporary housing and would not be financially wise to buy. Using essential oils in a diffuser can conquer that feeling and give a joyful feeling to tenants during their rental period. If you’d like to know more about doTERRA Essential Oils, please contact Lori Todd @ 812-219-7778 or visit: my.doterra.com/loritoddhealthyhome.
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Although you may be renting a place for a short time or a year or two, having a rental can feel so temporary. There are many ways to create a more permanent feel without spending a bunch of money or making unapproved alterations. Start with decorating. One of the easiest ways to make your rental feel more homey is to decorate and accessorize. By adding plants, candles, throw pillows and other home decorating items, you can quickly create a warm and inviting space. If you're not permitted to put nails in the walls, you can use products that are temporary, such as double-sided tape or non-sticking hangers for wall art. In addition to the inside, you can also consider adding some decoration to the exterior. Whether it's only a simple welcome mat or a welcome mat along with a door wreath, flowers or holiday decorations, adding to the exterior can make your entry more inviting and cheerful.
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Combining the effects of the pandemic with the housing shortage, the rental market is as tough as the sales market right now. We are experiencing the highest retention in history with tenants choosing to renew their leases rather than move to a different rental. The housing shortage has also caused the rental rates to rise, some seeing more than 5% annual increase. What does that mean for the future rental market? Some forecasting shows that the rental market will continue seeing rental rate increases for the next few years while some believe the market is due to level off in the next year. Until local, state and federal governments can help the private sectors in creating more affordable housing and less government restrictions, Bloomington will continue to struggle with the high cost of living. Although it's a Seller's market right now, it may be a good time for Tenants to consult with a Realtor to see if it is a good time to consider purchasing. Studies show that lifetime wealth is substantially better for those who own real estate versus those who have rented. To learn more, contact our office for a free consultation.
