Our lease is coming to an end (July 30th) at the place we’ve been renting here in Scripps Ranch and we’re looking forward to moving.
Have been keeping an eye on Craigslist trying to gauge price/sq.ft. on rentals in the Scripps/Poway/RB area as well as Del Mar/Encinitas and Carlsbad.
I’ve seen some properties that re-list week after week at a lower rental amount each time and some listings disappear then magically re-appear two or three weeks later… my pencil is worn to a nub trying to keep track of these things as they come and go and I have no idea if they actually ever rent or for what price.
I believe this topic was covered a couple of months ago and that rent should be roughly $1.00 to $1.25 per sq. ft. depending on amenities, condition, etc.
Should I expect to be seeing the $1.50/sq. ft. and higher prices I’m seeing in the coastal communities?
There’s even a place in Carmel Valley for $1.68/sq. ft. which seem ridiculous to me.
We currently pay $1.26/ sq. ft. now for a house w/ pool, pool service and gardener. We do not want another house with a pool so are hoping to save a bit on rent once we find a place without one.
We are looking at single family homes – not condos or townhomes – (I don’t share walls well). Am assuming single family homes are a bit more expensive per sq. ft. than a condo or townhome…is this true?
Thanks in advance for info….Let the packing begin !
I would recommend looking for those SFR properties that have been owned for some time and the owners don’t need to charge a lot in order to make a profit.
In our case, we stumbled upon a 1700sf SFR in the Carlsbad area that was well below what we had been planning for($1865/mo). Being the skeptic that I am, I thought that there had to have been a catch. We went to the address, physically checked it out, and noticed that it had not been maintained as well as it should have been…but it wasn’t in that bad of shape. This (along with the year they purchased the property) explained why the monthly rent was so low.
We ended up going for the place. After a few months we worked out a deal with the owner to reduce the rent to $1800 if we took care of the basic landscape services (mowing the lawn, etc). They didn’t mind this as they terminated their contract with their landscaper who would just “mow, blow, and go” in just the front yard.
This brought the price per square foot down to about $1.06. I also run my own business out of the garage (~400sf) and we also deduct one of the living areas, so the cost per square foot is much lower than would normally be had we owned the property outright.
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