Model/actress Nicole Nagel, best known for her roles in ER and Suddenly Susan has just listed her Brentwood home for $11.995 million. And it’s far from your ordinary celebrity home.
Dubbed Constellation 167, the house is an architectural marvel that features a stellar design, standing out like a huge piece of artwork compared to the traditional homes that line the family-friendly neighborhood.
The dome-shaped structure marks the first residence designed by famed architect Eric Owen Moss, who is known for daring and unconventional works.
Its striking design has attracted several big names in both screen and publication. The house has appeared in TV shows like Curb Your Enthusiasm and Star Trek. It has also been featured in The New York Times and included in the book 100 of the World’s Best Houses.
Nagel won a precedent-setting case against the original homeowners
In 2013, the house garnered attention when Nagel successfully won a legal dispute against its initial owners, who had concealed well-known structural flaws during the property’s sale.
According to reports, the original owners knew that the house was suffering from mold and structural damage caused by water but still sold the property without informing Nagel.
In the arbitration, Nagel was granted $4.5 million in compensation, along with attorney’s fees. Nagel’s case became a precedent and led to additional protections for home buyers and creditors in the state.
Following this, Nagel restored the property thoughtfully, making sure to preserve the home’s unique qualities. The reconstruction took four long years to finish but paid off big time, as it increased the house’s value by millions more.
Why Constellation 167 is a “love letter to geometry”
The first-ever residential project by world-renowned and widely published architect Eric Owen Moss, known for his experimental and daring commercial architectural endeavors, the futuristic-looking abode is said to be a “5,476-square-foot love letter to geometry.”
From the outside, the house looks more like a contemporary art sculpture than a family home.
Its exteriors showcase edgy details, a stucco finish, tilted windows, and a curved, asymmetrical roofline.
But looks can be deceiving and while its exteriors are avant-garde, the inside offers a lot of coziness.
The interiors boast vast living spaces, with expansive white walls and lots of natural light coming in from its large windows and many skylights. The inside also showcases unique details, with unconventional staircase layouts spread over its levels, uneven pathways, and a jagged steel fireplace.
Throughout the generous 5,476 square feet of living space, we find four bedrooms, five bathrooms, a large dining room, a well-equipped kitchen, and a dramatic 2.5-storey living room.
One of its most notable upgrades is the backyard, which has been improved with a lagoon-like swimming pool and a lush forest garden featuring lime, lemon, peach, plum, nectarine, orange, fig, avocado, mango, and pomegranate trees that fill the side yard.
Nagel commissioned Moss to design this special area and the whole thing cost over half a million dollars. The lagoon-style pool also has a jacuzzi and is finished with underwater speakers and drought-tolerant greenery.
Nagel has described the home as a “meeting of geometrics, many shapes, forms and materials that come together in an extraordinary way. It is truly one of a kind, like a painting. I’ve seen people walking or driving by pause for a few minutes to take in the architecture and design and try to understand the geometry.”
The unique property is listed with Sally Forster Jones and Tamara Bakir with Sally Forster Jones Group at Compass; and Marc de Longeville with Vista Sotheby’s.
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As the sun-soaked capital of Arizona, Phoenix isn’t just a bustling metropolis in its own right. It’s also surrounded by a ton of stellar suburbs, each offering its own unique flavor and charm.
From luxury enclaves to tech hubs to serene family-friendly neighborhoods, the Phoenix suburbs described below provide great options for every lifestyle. This article dives into the crème de la crème of the Phoenix suburb scene, providing insights into what makes each spot stand out in the heart of the Southwest.
Population: 242,753
Average age: 47.7
Median household income: $97,409
Average commute time: 22.9 minutes
Walk score: 32
One-bedroom average rent: $2,024
Two-bedroom average rent: $2,984
In the picturesque landscape of Phoenix suburbs, Scottsdale stands out as an oasis of luxury, art and outdoor activities. With world-class golf courses that would make any link lover’s heart race, upscale shopping districts that can satiate even the most discerning shopper and restaurants that range from gourmet to eclectic, Scottsdale is the epitome of suburban elegance.
Three great apartment complexes in Scottsdale
But it’s not all about the glitz and glam. This Phoenix suburb supports an array of outdoor activities, from the scenic trails of McDowell Sonoran Preserve to horseback riding under the vast Arizona sky. Dive into Scottsdale and discover what makes this Phoenix suburb a crown jewel of the Southwest.
Population: 279,458
Average age: 36.7
Median household income: $91,299
Average commute time: 24.9 minutes
Walk score: 35
One-bedroom average rent: $1,785
Two-bedroom average rent: $2,000
Among the constellation of Phoenix suburbs, Chandler shines brightly with its unique blend of tech-driven progress and laid-back Southwestern charm. As the hub of the Silicon Desert, Chandler boasts a growing technology industry, attracting innovators and professionals eager to make their mark.
Three great apartment complexes in Chandler
What sets Chandler apart in the lineup of Phoenix suburbs is its commitment to balancing urban sophistication with hometown warmth. From high-end shopping centers to local farmers markets and from cutting-edge theaters to the annual Ostrich Festival, this Phoenix suburb ensures residents never have a dull moment.
Population: 273,136
Average age: 34.5
Median household income: $105,733
Average commute time: 27.1 minutes
Walk score: 29
One-bedroom average rent: $1,747
Two-bedroom average rent: $1,991
Once known as the “Hay Shipping Capital of the World,” Gilbert has grown exponentially, trading hay bales for innovative businesses and growing communities. Gilbert is a shining example of how a city can expand without losing its historic charm.
Three great apartment complexes in Gilbert
Dive deeper into what Gilbert offers among Phoenix suburbs, and the picture only gets rosier. It’s a haven for families, thanks to its top-rated schools and pristine parks. And for those craving some sun-soaked adventure, there are outdoor concerts, farmers markets and green spaces where residents can relax. In the vast sea of Phoenix suburbs, Gilbert floats to the top and provides an unbeatable mix of the past, present and future.
Population: 509,475
Average age: 36.2
Median household income: $65,725
Average commute time: 25.4 minutes
Walk score: 38
One-bedroom average rent: $1,360
Two-bedroom average rent: $1,637
As the third-largest city in Arizona, Mesa doesn’t merely ride the coattails of its size. It’s an epicenter for aerospace ventures, higher education institutions and tech enterprises, making it a hotspot for those with an eye on the future. Yet, with the backdrop of the majestic Superstition Mountains and access to the shimmering Salt River, Mesa ensures that residents are never too far from Arizona’s captivating wilderness.
Three great apartment complexes in Mesa
But wait, there’s more that sets Mesa apart from other Phoenix suburbs. The city prioritizes fun and adventure, evident in its sprawling golf courses, thrilling water parks and extensive trail systems. Add to that a healthy selection of restaurants, cozy cafes and ritzy retreats, ensuring that every culinary whim is always catered to.
Population: 12,682
Average age: 54.9
Median household income: $203,659
Average commute time: 24.5 minutes
Walk score: 14
One-bedroom average rent: $2,050
Two-bedroom average rent: $2,100
The name itself evokes images of a dreamy haven, and Paradise Valley doesn’t disappoint. Famed for its upscale estates and celebrity residents, Paradise Valley offers a level of opulence seldom seen elsewhere. Breathtaking mountain views, especially from the vantage point of Mummy Mountain or Camelback Mountain, serve as daily reminders of the stunning natural beauty Arizona has to offer.
Three great apartment complexes near Paradise Valley
But Paradise Valley is not just about grandeur in the Phoenix suburbs landscape. It strikes a harmonious balance between luxury and leisure. Championship courses call to all golfers, while swanky resorts offer an oasis of relaxation and rejuvenation. Dining here is an experience unto itself, with a ton of gourmet restaurants tantalizing the taste buds.
Population: 249,630
Average age: 33.8
Median household income: $60,499
Average commute time: 28.0 minutes
Walk score: 40
One-bedroom average rent: $1,299
Two-bedroom average rent: $1,650
Recognized as Arizona’s Antique Capital, Glendale offers a delightful stroll down memory lane with its historic downtown, where boutiques and eateries provide a nostalgic setting for casual shopping and good conversation. Yet, this Phoenix suburb isn’t just about looking back; it’s also home to the State Farm Stadium, where adrenaline-pumping Cardinals games and massive concerts ignite the spirits of thousands.
Three great apartment complexes in Glendale
Switching gears, Glendale wears another feather in its cap in the Phoenix suburbs scene as a premier destination for events and festivals. From chocolate fests that satiate the sweet tooth to hot air balloon shows painting the sky, there’s always something happening in this dynamic corner of the desert.
Population: 194,917
Average age: 40.3
Median household income: $81,017
Average commute time: 29.4 minutes
Walk score: 30
One-bedroom average rent: $1,555
Two-bedroom average rent: $1,776
Peoria is an adventurer’s paradise with the sprawling Lake Pleasant Regional Park in its backyard, offering the perfect setting for water-based activities all set against the backdrop of the sun-kissed Arizona landscape. On land, Peoria’s P83 District is where the action’s at, boasting a ton of dining options, bars and events that keep the energy up year-round.
Three great apartment complexes in Peoria
But Peoria doesn’t stop at fun and games in the world of Phoenix suburbs. It’s also a beacon for those seeking a serene suburban life, characterized by beautifully master-planned communities and top-tier educational institutions. Couple this with a forward-thinking local government and an engaged community, and it’s clear why Peoria consistently ranks high on the desirability scale.
Population: 149,191
Average age: 41.9
Median household income: $76,623
Average commute time: 30.7 minutes
Walk score: 21
One-bedroom average rent: $1,525
Two-bedroom average rent: $1,825
Expectations run high with a name like Surprise, and this Phoenix suburb delivers in spades. From the city’s Spring Training baseball games to its well-maintained parks, there’s an avenue for everyone to feel the rush or simply unwind.
Three great apartment complexes in Surprise
But there’s another layer to Surprise that distinguishes it in the Phoenix suburbs roster. It’s a growing hub for education and healthcare, boasting some of the region’s top schools and hospitals. Add to that a commitment to sustainable growth, a friendly community spirit and a diverse range of housing options, and the allure of Surprise becomes undeniable.
Population: 24,987
Average age: 59.7
Median household income: $87,080
Average commute time: 28.7 minutes
Walk score: 19
One-bedroom average rent: $3,000
Two-bedroom average rent: $2,100
Fountain Hills is a visual masterpiece, where the Sonoran Desert’s natural beauty gets a touch of architectural elegance, providing residents with panoramic views that will steal your breath away. From the rolling desert hills to the shimmering blue of Fountain Lake, it’s a treat for the senses at every turn.
Three great apartment complexes near Fountain Hills
But Fountain Hills isn’t just about aesthetic appeal. It’s also a community that prides itself on community events. The town hosts renowned art fairs, craft shows and local markets that draw both residents and visitors alike. With spacious parks, scenic hiking trails and a commitment to community engagement, Fountain Hills provides an idyllic blend of leisure and lifestyle.
Population: 90,564
Average age: 31.6
Median household income: $69,241
Average commute time: 28.4 minutes
Walk score: 26
One-bedroom average rent: $1,421
Two-bedroom average rent: $1,678
Avondale is home to the Phoenix Raceway, where the roar of engines and the thrill of nail-biting races draw legions of NASCAR fans every year. But Avondale isn’t just for the adrenaline junkies; it’s home to many parks, trails and open spaces that serve as perfect spots for family picnics, weekend strolls or quiet afternoons with a good book in hand.
Three great apartment complexes in Avondale
Yet, there’s another side to Avondale that solidifies its spot on the Phoenix suburbs’ leaderboard. Its flourishing local economy presents plenty of employment opportunities, making it an attractive place for professionals and entrepreneurs. Add in a dash of delightful restaurants, shopping areas and a community that’s warm and welcoming, and it’s evident why Avondale has become one of the go-to Phoenix suburbs for those seeking a balanced life.
Find the best Phoenix suburb for you
Navigating the Phoenix suburbs can be a journey of discovery, as each presents its distinct character and amenities. Whether it’s the allure of lakeside views, the thrill of a raceway or the serene embrace of the desert landscape, there’s a Phoenix suburb tailored for every dream and desire.
As the city continues to grow and evolve, its surrounding suburbs are sure to remain as diverse and dynamic as ever, offering residents a slice of paradise in the desert. Today’s the day to make your move to the perfect apartment for rent in one of Phoenix’s top suburbs.
Are you looking for the best side jobs for teachers? Teaching is a great career choice and teachers are very much needed in the world. Unfortunately, though, it is not the highest-paying job that exists. Due to that, you may be looking to find ways to make extra money as a teacher. Side hustles for…
Are you looking for the best side jobs for teachers?
Teaching is a great career choice and teachers are very much needed in the world. Unfortunately, though, it is not the highest-paying job that exists. Due to that, you may be looking to find ways to make extra money as a teacher.
Side hustles for teachers are great because they can help you make extra income, pay off debt, save for a vacation, and more.
Teachers have many useful skills, which make them a great fit for many different side hustles alongside their main teaching job.
Quick Summary on Side Jobs For Teachers:
Online tutoring and selling lesson plans are popular side jobs for teachers that use their existing skills
Selling crafts, selling printables, or teaching online courses can be a nice creative outlet
Short-term and seasonal side gigs like coaching sports or teaching summer school may be better for your schedule than year-round gigs
Best Side Jobs For Teachers
There are 36 side jobs for teachers listed below. If you want to skip the list, here are some jobs that you may want to start learning more about first:
Below are 36 side hustles for teachers.
1. Sell educational printables
Selling educational printables can be a great way for teachers to make extra income and it is great for anyone who wants to learn how to make passive income as a teacher.
An educational printable is a teaching resource, either digital or physical, that educators create to help with learning.
Other teachers buy these for their classes and so do parents.
Educational printables are things like math problems, vocabulary cards, and science experiments. They work for different grades and learning goals, making it an easy way to add to regular teaching or homeschooling. You can share these resources online or print them for in-person classes, making them a helpful tool for improving education.You can learn more at How I Make $400,000 Per Year Selling Educational Printables.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
2. Tutor online or in person
Tutoring services or helping kids get ready for standardized tests either online or in person can be a great side hustle for teachers.
This option can be a natural fit, as you can use your teaching skills to tutor students.
To start, check out different online tutoring websites like Tutor.com or you can also do in-person tutoring sessions. For in-person tutoring sessions, you can contact local tutoring companies or promote your services on social media or in local Facebook parent groups for your area.
3. Sell your lesson plans
As a teacher, you already make lesson plans for your classes. You can actually sell your lesson plans, earn extra money, and help other teachers.
The most popular platform for this kind of side job is Teachers Pay Teachers (TPT). Here, you can upload your lesson plans, activities, assessments, and other educational resources. Each time someone purchases one of your items, you’ll earn some income.
Lesson plans need to be well-organized, easy to understand, and tailored to specific grade levels and subjects (such as fifth grade math). You should include clear objectives and step-by-step instructions to make your lesson plans more appealing to potential buyers.
4. Coach a school sport or other after-school program
Coaching a school sport is something that you can do within your own school district as many schools are in need of help with their sports teams.
Some sports and after-school programs that can be a teacher’s side hustle include soccer, basketball, volleyball, and track-and-field, as well as clubs such as yearbook, chess, choir, and more.
5. Start a dog bakery
Starting a dog bakery can be a fun side job for teachers who love both dogs and baking.
You can make an extra $500 to $1,000, or even more, each month by making treats for dogs. You can make dog treats like cupcakes, cookies, cakes, and more.
You can learn more at How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).
6. Sell crafts on Etsy
Selling crafts on Etsy can be a great way to make extra money by being creative.
Etsy is a website where people from all over can buy and sell handmade and digital products.
Some ideas for products you can create and sell on Etsy that are teaching-related include:
Classroom decor items
Educational games and activities
Customized planner pages and stickers
Flashcards and study materials
Of course, you can create things that aren’t related to teaching at all, such as knitwear, jewelry, and more.
7. Sell on Teachers Pay Teachers
Teachers Pay Teachers (TPT) is a site specifically for educators to buy and sell educational materials, and this is a popular teacher side hustle. If you’ve developed lesson plans, worksheets, or other teaching tools for your classroom, you can share and earn from them on TPT.
I know I talked about selling education printables and lesson plans above, but I want to talk more about Teachers Pay Teachers in its own section because it is such a popular teacher side hustle.
You can sell:
Lesson plans and unit studies
Worksheets and printable activities
PowerPoint presentations and interactive notebooks
Posters, charts, and visual aids
For example, I looked on Teachers Pay Teachers and searched for third grade lesson plans. There, I found over 49,000 results such as math lesson plans about rounding, substitute teacher plans for third graders, reading comprehension lesson plans, and more. Here’s an example of one that you can look at.
The average teacher on Teachers Pay Teachers can make around $300 to $500 extra, but there are some teachers that make hundreds of thousands of dollars extra each year.
8. Babysit
As a teacher, you may find that babysitting is an easy side job to pick up, and, depending on where you live, you may be able to earn around $15 to $25 an hour. Parents love hiring teachers as babysitters because they have so much experience with children.
While babysitting, you’ll find that your existing skills from teaching make a difference in providing the best care possible.
9. Teach English as a second language online
Teaching English as a second language (ESL) online is a popular side job for teachers. As an online ESL teacher, you can help students learn English and work from home.
Most jobs require you to be a fluent English speaker with a bachelor’s degree.
10. Teach summer school
One of the obvious ways for teachers to make extra money in the summer is to teach summer school.
It’s a great way to make use of your teaching skills while earning extra income. Plus, summer school takes place during summer break, so it should fit well with your schedule of already being off from school.
11. Summer camp counselor
Another great option during the summer months is to become a summer camp counselor.
As a counselor, you’ll supervise children in activities such as sports, arts, and crafts. Camps are always looking for instructors with teaching experience, making this a good side job for educators.
12. Grade papers
Grading papers as a side job may appeal to you if you’re looking for a more flexible, at-home option.
Companies such as Measurement Inc. hire teachers to grade student work, such as essays and test answers.
They are hiring evaluators to score in the subjects of English, mathematics, science, and more and pay starts at $15 per hour.
13. Work at a restaurant
If you’re looking for something completely different from teaching, you could take a part-time job at a restaurant.
Working in restaurants can be a good fit for teachers because they often offer flexible hours that can align with your teaching schedule. You can choose jobs like being a server, host, and more.
14. Proofread
As a teacher, you are probably already a great proofreader and are able to spot mistakes easily. With these skills, proofreading can be a great side job. By proofreading, you can help authors, website owners, students, and more improve their writing while earning some extra income.
Even the most skilled writers can make mistakes in grammar, punctuation, and spelling. That’s why hiring a proofreader can be very helpful for pretty much anyone and everyone.
If you want to find online proofreading jobs, I recommend watching this free 76-minute workshop all about how to get started proofreading.
Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).
15. Blog
Blogging can be a fun way for you, as a teacher, to make extra money from home. Many blogs are run by teachers, and I completely get why – you can blog in your spare time and you don’t have to stick to any formal schedule.
To start your own blog, first, choose a topic that you’re interested in writing about, maybe something related to your teaching field or a hobby you enjoy.
You can make money from your blog in ways such as:
Affiliate marketing – Share links to products or services related to the topic you are writing about, and earn a commission for sales generated from your referral links.
Advertising – Include display ads or sponsored posts on your blog.
Courses and ebooks – You can create courses or ebooks related to your area of expertise, and sell them through your blog.
Since I began Making Sense of Cents, I’ve made more than $5,000,000 from my blog, and it all started as a side job.
Learn more at How To Start A Blog FREE Course.
Similar to blogging, a teacher could also start a YouTube channel, a TikTok, and more.
16. Freelance write
If you are looking for side jobs for teachers from home, then becoming a freelance writer can be a great choice.
Freelance writers write content for blogs, websites, magazines, newspapers, advertising companies, and so much more.
You can find different writing jobs on platforms like Upwork and Fiverr, or even find clients on your own, such as by reaching out to websites that you are interested in writing for.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
17. Transcribe
An online transcriptionist’s job is to listen to video or audio files and then type out everything that they are hearing. There are many different types of transcriptionists, such as legal, general, and medical transcriptionists.
This job requires strong typing and listening skills, and you can work from home on your own schedule.
Transcriptionists earn around $15 to $30 per hour on average.
I recommend watching FREE Workshop: Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.
Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly
18. Flip used items for resale
Flea market flippers find underpriced items at flea markets, yard sales, and thrift stores, then resell them for a profit. This job requires a good eye for finding valuable items that you believe can be sold for a higher price.
As a teacher, you could find and sell items in the evening, on the weekends, over holiday breaks, and in the summer. You get to make your own schedule, and it can be however many or few hours as you want.
Some items that you can resell include:
Vintage furniture
Collectibles, such as toys, coins, stamps, books, and more
Sporting equipment
Clothing
Electronics
I recommend signing up for a helpful webinar on this topic, How To Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business.
19. Bookkeep
Bookkeepers are people who keep track of all the money-related things for businesses. Bookkeepers do tasks like:
Tracking income
Organizing expenses
Making financial reports
This is typically a flexible job that you can do from home on your own time.
You can join the free workshop that focuses on finding virtual bookkeeping jobs and how to begin your own freelance bookkeeping business by signing up for free here.
Recommended reading: How To Find Online Bookkeeping Jobs
20. Sell Canva templates
Creating and selling Canva templates online allows you to work from home in your free time.
A Canva template is like a pre-designed layout that you can use for creating things like social media graphics, Pinterest pins, ebooks, or presentations. It is a helpful starting point if you’re not very skilled at designing from scratch. Business owners, marketing professionals, nonprofit organizations, educators, event planners, restaurants, and more buy templates all the time.
Canva templates come with blank spaces where buyers can add their own words or pictures, adjust colors and fonts, and more. They’re useful for people who want their graphics to look high quality without spending a lot of time in the process (or perhaps they don’t know how to do it so templates help them a lot!).
Making and selling Canva templates can be a great way to earn extra money as you only need to create them once, and then you can sell them as many times as you’d like.
Recommended reading: How I Make $2,000+ Monthly Selling Canva Templates
21. Rover (walk and watch pets)
Rover is a website that links pet owners with pet sitters and dog walkers. You can do this job on the weekends throughout the year, or simply only open up your schedule during the summer months. It is up to you.
Getting started is easy on Rover – you set up a profile that talks about your experience with pets and the services you can provide, like dog walking, pet sitting, and house sitting.
Then, you will receive requests from customers and talk about pricing. Rover takes care of processing payments, and you’ll receive payments directly into your account.
You can sign up for Rover here.
22. Care.com
Another platform for finding pet and house sitting side jobs is Care.com. Care.com is not limited to pet care and includes other caregiving services, such as childcare and senior care.
You can browse available jobs in your area and apply to those that match your skills and interests. Care.com also allows clients to contact you directly for your services after you’ve created a profile. Once a job is completed, you’ll receive payment through the site.
23. Be a virtual assistant
A virtual assistant provides administrative, technical, or creative support to clients from home.
Some of the tasks you might do as a virtual assistant include managing schedules, responding to emails, making travel arrangements, handling social media accounts, and even writing articles or creating presentations.
If you want to become a virtual assistant, I recommend taking the free workshop called 5 Steps To Become a Virtual Assistant.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
24. Be a food photographer
Food photography can be a fun and creative way to earn extra income during your free time. Food photographers do just that – take pictures of food.
Whether you’re working directly for restaurants, magazines, or on a freelance basis, this job allows you to use your skills and interests to create beautiful images.
You can learn more at How To Become a Food Blog Photographer And Earn Over $50,000 Each Year.
25. House sit
As a teacher, you might be looking for ways to make some extra money during breaks or weekends. One option to consider is house sitting, and this is when you watch someone’s home (such as watering their plants and collecting mail) and sometimes take care of pets while their owners are away. People also hire house sitters so that their homes aren’t sitting empty because a visible presence can deter potential thefts.
To get started in house sitting, you can join house-sitting websites to find opportunities in your area, or ask friends and family for referrals (you might want to start by house sitting for people you know and then ask for references that you can use to broaden your job search).
26. Rent out an unused room in your home
If you have a room in your home that you are not using, then you may be able to rent it to someone on either a short-term (such as by becoming an Airbnb host) or long-term basis (getting a full-time roommate).
I have rented out rooms many times in the past, and it was a great way to make some extra income for space that I wasn’t using.
You can learn more at What You Need To Know About Renting A Room In Your House.
27. Rent your garage space
If you have empty storage space, such as a garage, driveway, closet, basement, or attic, you may be able to rent it out and make extra money. This can be a lucrative side hustle where you don’t have to use up much of your spare time.
You can use Neighbor to list your extra space for rent and make up to $15,000 per year by doing so. With Neighbor, you can rent out your garage, driveway, basement, or even a closet.
You can sign up at Neighbor for free here and list your space.
You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.
28. Rent out a photo booth
Renting a photo booth can be a fun side job for teachers.
To get started, you will need to buy a photo booth as well as things like backdrops and props for people to hold in the picture (such as hats, signs, fun things to hold, etc.).
On average, photo booth rentals can range from $500 to $1,000 per event, and in some cases, even more for specialized events or packages with additional features.
I have personally rented a photo booth for an event in the past, and it was a lot of fun!
29. Online surveys and focus groups
Taking online surveys and answering questions for focus groups is very part-time and can be a way to side hustle for teachers.
You share your thoughts plus answer questions and can earn cash or free gift cards.
The survey companies I recommend signing up for are:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Pinecone Research
PrizeRebel
User Interviews – These are the highest paying surveys with the average being around $60.
Recommended reading: 18 Best Paid Survey Sites To Make $100+ Per Month
30. Voice over act
A voice-over actor is the person whose voice you hear but don’t see in YouTube videos, radio ads, educational videos, and more.
Different companies need a wide variety of voices, and that’s where you come in.
Recommended reading: How To Become A Voice Over Actor And Work From Anywhere
31. Mystery shop
I was a secret shopper in the past, and there were often mystery shops that gave me $100 to put toward a free dinner. I always looked forward to these, as I was living paycheck to paycheck, and I used these restaurant mystery shops to reward myself every now and then.
There were other mystery shops that paid me actual money, and some paid me in free items, such as makeup, movie theater tickets, and car oil changes.
Companies hire mystery shoppers to get an understanding of their customer’s experience. Companies want to know a real product opinion, how the customer felt they were treated at their business, how phone calls were handled, and more.
Basically, mystery shopping is a way to anonymously test the entire shopping experience.
You can learn more at How To Become A Mystery Shopper.
32. Fitness trainer
Fitness trainers help people reach their health goals through customized exercise plans and nutrition advice. This is typically a job where you can choose your schedule, so you can choose to work hours outside of your teaching job, such as in the evenings and on the weekends.
I actually know a few teachers who are fitness trainers on the side, so it must be a good fit!
Another positive is that you can even choose between in-person and online coaching. Online coaching can mean that you can work remotely, making it a more flexible side job for teachers looking to earn extra income.
33. Find random gigs on Craigslist
As a teacher looking for side jobs, you can look for random gigs on Craigslist to earn some extra income. To begin your search, simply go to the Craigslist website and select your city from the home page.
Here are some jobs I found through a quick search:
Cleaning a house
Help assembling furniture
Taking down a shed in a backyard
Garage cleanup
Mover
Handyman
Movie extra
Sign holder
You can even post your own services on Craigslist if you have a skill you’d like to share with others, such as giving music lessons or tutoring.
34. Deliver groceries with Instacart
Grocery delivery services are popular because there are more and more people who want someone to do their grocery shopping for them.
Services like Instacart need personal grocery shoppers, and the average shopper makes $15 to $20 an hour to deliver groceries. Drivers are paid per order, and you get to keep 100% of your tips. You also get to choose your schedule, so a teacher could choose to work in the evenings or on weekends. Or, you could choose to only deliver groceries during the summer.
You can click here to sign up to be an Instacart Shopper.
You can also learn more at Instacart Shopper Review: How much do Instacart Shoppers earn?
There are many other gig ideas that you can try out too, such as Uber Eats and DoorDash.
35. Real estate agent
Some teachers are real estate agents on the side of their full-time job as a teacher. This is because you can list and sell homes on your weekends, during breaks, at night, and over the summer.
Selling homes can be more difficult, though, as your clients may want your full attention during the day occasionally and you would be busy teaching, so this is something to think about.
36. Driver’s ed teacher
A common side hustle for teachers is teaching driving lessons to teenagers and adults. As a teacher, you may be able to check if the high school near you is in need of a teacher for this subject. Or, you can reach out to a local driving school to see if they are hiring.
Driving instructors make around $20 an hour more or less, depending on where you live.
Frequently Asked Questions
Below are answers to common questions about side hustles for teachers.
How can I make money on the side while teaching?
Some good side jobs for teachers include tutoring, freelancing, transcribing, blogging, selling lesson plans, and more.
What can teachers do to make extra money?
Teachers can do a lot of things to make extra money, such as jobs like tutoring, freelance writing, blogging, or creating educational printables.
What is a second career for teachers?
Second careers for teachers can include jobs such as educational consultants, curriculum developers, or even working in corporate training and development.
Do most teachers have 2 jobs?
Many teachers have two jobs. This is for many reasons, such as the typically low pay of a teacher as well as teachers wanting to make money while they are off in the summer.
How to make extra money on Teachers Pay Teachers?
Teachers can make extra money on Teachers Pay Teachers by selling lesson plans and printables.
How can teachers make money in the summer?
Teachers can make money when they’re off in the summer by teaching summer school, helping students with test prep, babysitting, selling lesson plans, working at a restaurant, working as a real estate agent, and more.
What to do after quitting teaching? How do you pivot out of teaching?
Quitting teaching and moving on to something else will take a few steps, and you can begin by thinking about your skills and interests. Then, start exploring different job options and connect with people in the field you’re interested in, attend industry events, and consider getting any certifications that you may need.
How can teachers earn extra income through online tutoring?
Sites like Tutor.com look for teachers to tutor students remotely, and you can even offer your services through social media.
How can a teacher make six figures by utilizing their skills?
While it’s not always easy for teachers to earn a six-figure salary, it is possible if you find ways to make extra income or by starting a business of your own.
What opportunities do music educators have for side income?
Side income ideas for music educators can include jobs like giving private music lessons or working as a weekend or evening instructor at a music school. Music educators can also sell lesson plans (I found some examples on Teachers Pay Teachers here).
What are some good side jobs for teachers?
I hope you enjoyed this article on the best side jobs for teachers.
Whether you are looking for side jobs for teachers from home, side jobs for teachers in the summer, or if you want to learn how to make passive income as a teacher, there are many ways to make extra money as a teacher.
Some of the best side hustles for teachers include:
Sell educational printables
Tutor online or in person
Sell your lesson plans
Coach a school sport
Start a dog treat bakery
Sell crafts on Etsy
Sell on Teachers Pay Teachers
Babysit
Teach English as a second language online
Teach summer school
Summer camp counselor
Grade papers
Work at a restaurant
Proofread
Blog
Freelance write
Transcribe
Flip used items for resale
Bookkeep
Sell Canva templates
Rover (walk and watch pets)
Virtual assistant
Food photographer
House sit
Rent out an unused room in your home
Rent your garage space
Rent a photo booth
Online surveys and focus groups
Voice over act
Mystery shop
Fitness trainer
Find random gigs on Craigslist
Deliver groceries
Real estate agent
Driver’s ed instructor
What do you think are the best ways for teachers to make extra money?
Welcome to the land of frigid winters and friendly people.
From bustling urban centers to tranquil suburban paradises, the North Star State offers an impressive selection of beautiful places to call home. Each location featured below is ideal for singles and established families, young professionals and retirees alike.
Whether you’re drawn to a rich educational landscape, unique career opportunities or simply the lure of lake life, this guide to the best places to live in Minnesota will provide you with an insider’s perspective of the towns and cities that truly excel in offering a top-notch quality of life in the North.
Population: 425,336
Average age: 32.3
Median household income: $70,099
Average commute time: 23.1 minutes
Walk score: 71
Studio average rent: $1,083
One-bedroom average rent: $1,483
Two-bedroom average rent: $2,177
With a thriving job market that includes the headquarters of major companies like Target and General Mills, Minneapolis offers a wealth of opportunities for skilled professionals in a number of fields. Sports fans can easily catch a Vikings game on Sundays, or check out something less conventional like a roller derby match. Foodies will revel in the city’s inventive culinary scene — from food trucks selling gourmet grilled cheese to high-end eateries that could hold their own in any global city.
When it comes to everyday life, Minneapolis hits it out of the park. Think kayaking on the Mississippi River after work, or cycling around one of the city’s lakes on a sunny Saturday. Education is top-notch, with an array of public and private school options, as well as higher education institutions like the University of Minnesota. And let’s not forget about the Skyway system, a godsend during those brutal winters, connecting downtown buildings and making it possible to navigate the city without braving the cold.
Population: 307,193
Average age: 32.5
Median household income: $63,483
Average commute time: 25.5 minutes
Walk score: 60
Studio average rent: $1,031
One-bedroom average rent: $1,300
Two-bedroom average rent: $1,580
As the other (some would say better) half of the Twin Cities, Saint Paul is undeniably one of the best places to live in Minnesota. Often seen as the more laid-back and historic sibling to Minneapolis, Saint Paul exudes a unique charm with its cobblestone streets and grand brick buildings. But don’t let the quiet elegance fool you; Saint Paul is a powerhouse capital city in its own right. Home to state government buildings and a bustling downtown, the city is steeped in history while maintaining its forward-thinking attitude, hosting a variety of tech startups and eco-friendly initiatives.
Everyday life in Saint Paul offers a delightful mix of leisure and excitement. The city’s gorgeous parks, like Como Park with its zoo and conservatory, provide green escapes right in your backyard. Passionate about education? Saint Paul boasts an impressive range of schools, from Montessori institutions to language immersion programs. The city’s public transportation makes it easy to get around, and the food scene is a smorgasbord of global cuisines, from authentic Italian eateries to cozy Ethiopian cafes.
Population: 53,266
Average age: 43.3
Median household income: $100,363
Average commute time: 22.2 minutes
Walk score: 21
Studio average rent: $1,503
One-bedroom average rent: $1,727
Two-bedroom average rent: $2,094
Minnetonka is a city that elegantly straddles the line between suburban tranquility and outdoor adventure, making it one of the best places to live in Minnesota. Just a stone’s throw away from downtown Minneapolis, Minnetonka offers a life that is both sophisticated and close to nature. The city serves as a backdrop to Lake Minnetonka, where locals and visitors alike sail, fish or bask under the Minnesota sun. Despite its close proximity to a bustling urban center, Minnetonka maintains an almost resort-like atmosphere, where winding roads often lead to picture-perfect lakeside views.
In terms of everyday living, Minnetonka scores high marks across the board. The city is peppered with excellent schools, upscale shopping centers and a ton of quality restaurants. The extensive trail system provides an idyllic setting for cycling, jogging or walking your dog. And when winter rolls around, there’s ice-fishing on the lake and miles of snow-covered trails for cross-country skiing.
Population: 79,828
Average age: 40.4
Median household income: $112,631
Average commute time: 23.9 minutes
Walk score: 18
Studio average rent: $912
One-bedroom average rent: $1,380
Two-bedroom average rent: $1,782
What do you get when you mix top-tier schools, a thriving job market and abundant green spaces? The answer is Plymouth, clearly one of the best places to live in Minnesota. Located just 15 miles northwest of downtown Minneapolis, Plymouth has its own self-contained charm while still offering quick access to the big-city amenities. With Medicine Lake at its heart, residents have plenty of opportunities to get out on the lake and enjoy the great outdoors. It’s a city where career-driven individuals and families find common ground, surrounded by cutting-edge technology firms and family-friendly venues alike.
In Plymouth, everyday life feels like a well-curated blend of recreation and relaxation. The city boasts a range of parks that include everything from dog-friendly areas to skate parks. The school system is often cited as being among the best in the state, setting up young minds for a promising future. Plymouth also spoils its residents with its shopping options, whether it’s farmers markets brimming with local produce or retail spots that cater to fashion-forward shoppers.
Population: 86,372
Average age: 33.7
Median household income: $58,014
Average commute time: 17.1 minutes
Walk score: 36
Studio average rent: $705
One-bedroom average rent: $1,575
Two-bedroom average rent: $1,602
Perched along the northwestern shore of Lake Superior, Duluth is a gem that makes a compelling case for being one of the best places to live in Minnesota. This port city isn’t just a pretty face; it’s an adrenaline junkie’s paradise and an environmentalist’s dream rolled into one. With the Boundary Waters Canoe Area Wilderness to the north and the endless horizon of Lake Superior to the east, Duluth is a haven for outdoorsy types. Kayaking, hiking and even surfing (yes, freshwater surfing!) are all in a day’s fun.
Duluth is a hub for healthcare and education, offering a variety of options for both. The local food scene ranges from casual lakeside grills to upscale dining experiences that feature freshly caught fish. For retail therapy, explore boutique shops that offer a curated mix of local and global goods. Meanwhile, a strong sense of community is reflected in the city’s frequent festivals and public events, which range from airshows to maritime celebrations.
Population: 53,318
Average age: 44.3
Median household income: $108,576
Average commute time: 21.3 minutes
Walk score: 37
Studio average rent: $1,208
One-bedroom average rent: $1,507
Two-bedroom average rent: $1,980
Edina is a suburban utopia that has more to offer than just neatly manicured lawns and sprawling homes. In this charming town, you’ll find a melting pot of professionals, retirees and families, all lured by the city’s top-notch amenities. High-end shopping experiences await at places like the Galleria and Southdale Center, while the Edina Art Center and the various galleries scattered around town appeal to the artsy types.
The school system in Edina is often considered among the best in the state, setting up young learners for academic excellence. Fitness and recreational activities abound; with plenty of parks, golf courses and even indoor ice rinks, there’s no excuse not to engage in some form of physical activity. Dining options range from artisan coffee shops to posh restaurants, catering to the most discerning of palates.
Population: 63,161
Average age: 40.2
Median household income: $120,170
Average commute time: 23.4 minutes
Walk score: 18
Studio average rent: $1,630
One-bedroom average rent: $1,350
Two-bedroom average rent: $1,590
Eden Prairie boasts a high quality of life that many aspire to but few actually achieve. This southwestern suburb of the Twin Cities offers a harmonious blend of natural beauty and modern convenience. Think swan-dotted lakes and extensive walking trails side by side with cutting-edge tech companies and a thriving business community. What’s more, Eden Prairie is home to the largest enclosed shopping center in the state, offering retail delights to those who are sartorially inclined.
Eden Prairie excels in serving up a comfortable and fulfilling life. A mix of highly rated public and private schools makes it a hit among families. For those who love the great outdoors, the city has more than 1,000 acres of active-use parkland. Work-life balance gets a new meaning here, as the city hosts several Fortune 500 companies, giving residents the option to work where they live.
Population: 121,465
Average age: 35.9
Median household income: $76,034
Average commute time: 20.7 minutes
Walk score: 30
Studio average rent: $1,257
One-bedroom average rent: $1,542
Two-bedroom average rent: $1,600
When people hear the name Rochester, they often think of the world-renowned Mayo Clinic. However, this southern Minnesota city is far more than just a healthcare hub. It is one of Minnesota’s best places to live, offering an attractive mix of urban sophistication and small-town charm. High-quality healthcare is undoubtedly one of its flagship features, but Rochester also scores points for its robust education system and a strong job market beyond healthcare, featuring a number of tech startups and innovative small businesses.
Life in Rochester is a pleasant blend of intellectual stimulation and recreational pursuits. The city’s public library is a hive of activity, with events that range from author talks to coding classes for kids. Meanwhile, the parks and nearby Zumbro River provide a scenic backdrop for everything from picnicking to fishing, ensuring weekends are never dull. For those who require retail therapy, Downtown Rochester offers a slew of shops and boutiques that provide a unique shopping experience, while the culinary scene is an exciting mix of traditional American fare and international cuisine.
Population: 44,693
Average age: 26.4
Median household income: $56,274
Average commute time: 17.7 minutes
Walk score: 40
Studio average rent: $995
One-bedroom average rent: $1,195
Two-bedroom average rent: $1,250
The phrase “college town” often conjures images of manicured campuses, lively sporting events and perhaps the occasional toga party. But Mankato, home to Minnesota State University, goes beyond the stereotype, landing it firmly among the best places to live in Minnesota. Located about 80 miles southwest of the Twin Cities, Mankato offers a dynamic lifestyle where education, commerce and natural beauty intersect. The presence of the university enriches the town with a youthful energy, and that’s complemented by a diverse business sector ranging from healthcare to high-tech.
Mankato is a paradise for outdoor enthusiasts with its well-maintained bike trails and Minneopa State Park, where you can see a waterfall and a herd of American bison. For those more inclined to indoor pursuits, there’s no shortage of cafes to sip your latte as you catch up on some reading. Parents will appreciate the quality of the local schools and the abundance of family-friendly activities, from interactive museums to public art projects.
Population: 68,818
Average age: 30.5
Median household income: $54,427
Average commute time: 21.4 minutes
Walk score: 34
Studio average rent: $724
One-bedroom average rent: $745
Two-bedroom average rent: $975
Saint Cloud shines as one of the best places to live in Minnesota. Situated along the Mississippi River, this central Minnesota city combines the allure of scenic beauty with a robust economy. Here you’ll find Saint Cloud State University, lending the town a youthful energy, and a thriving healthcare sector offering solid employment opportunities. It’s a city of contrasts where a 19th-century courthouse stands right next to tech startups.
Families and fitness junkies alike can take advantage of over 90 parks and a clutch of well-maintained trails for biking, walking or leisurely riverfront strolls. The Paramount Center for the Arts is a treasure trove for patrons of the arts, presenting a lineup of plays, concerts and exhibitions year-round. From locally-owned boutiques to big-box retailers, the shopping scene provides something for every type of spender.
There’s an apartment made for you in Minnesota
From the serene beauty of Minnetonka to the bustling energy of Minneapolis, and from the youthful verve of Mankato to the well-rounded appeal of Eden Prairie, Minnesota is more than just a place to endure cold winters; it’s a state where you can truly thrive. Choose wisely, but rest assured that in this incredible state, you’re almost guaranteed to find a community that feels like home.
Rent prices are based on an average from Rent.’s multifamily rental property inventory as of July 2023.
Other demographic data comes from the U.S. Census Bureau.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
In the world of real estate, where property expertise reigns supreme, it comes as little surprise that the most successful real estate agents own some of the most remarkable and envy-inducing residences.
With their extensive knowledge of market trends and investment potential — not to mention their keenly trained eye for luxury living — real estate pros are the first to spot desirable properties, often before they are even listed for the general public to see.
They then leverage their design expertise and Rolodex of industry connections to turn their homes into personal sanctuaries that serve as living testaments to their industry acumen and discerning tastes.
Such is the case of Billy Rose, realtor to the stars and co-founder of luxury real estate brokerage, The Agency.
Rose, rated as one of the best real estate agents in Los Angeles (and the entire country, once being named the Number 10 real estate agent in the U.S. by The Wall Street Journal), owns an architecturally distinct home in one of Los Angeles’ best areas, which he’s now bringing to market.
Priced at $5,895,000, the elegant abode has served as Billy Rose’s personal residence for 20 years.
Located in the sought-after Westword neighborhood, the property sits on the “first lot bought in highly coveted Westwood Hills”, per the listing, and is known as the Murrow Residence, named after its original owners.
Rose himself provided a little bit of background on the home’s history.
“The Murrows considered the lot to be the trophy of Westwood Hills,” Billy Rose tells us. “Mr. Murrow, for whom the home was built, was (as I understand it) a bit of a “mucky muck” at the Rand Corporation. He had rigged the front door such that he could attach a 35mm projector to the door and project through to the living room.“
But it’s not just the location that appealed to The Agency co-founder.
The home’s distinct design played a big role too. The 1940-built residence is an outstanding example of International Style architecture (post Deco and pre Mid-Century Modern).
“I find International Style architecture to be sublime,” Billy Rose shared in an exclusive comment for Fancy Pants Homes. “The style is best described as stripped of all unnecessary ornamentation and about accentuating the strengths of the home (the view, the layout, the light, the circulation, the air flow). Le Corbusier (one of the pioneers of what is now regarded as modern architecture) summed it up best when he called a house a “machine for living”.“
Vintage and collectible lighting, designer finishes, and terrazzo and custom-milled walnut floors complement the home’s unique style, while broad expanses of glass in every direction bring the outdoors in.
The house has a total of 5 bedrooms — all suites — with the primary being touted as “one of the best primary suites in its class with extremely generous dual closets and baths”, per the listing.
The inviting chef’s kitchen has its own claim to fame.
“My wife is a chef and she filmed her show “Taste of Melrose” from there,” shared Rose whose wife, model-turned-chef Melissa Rose, has been filming her cooking show in their camera-ready kitchen for years.“It was not only a great exhibition kitchen, but it served us well for our numerous dinner parties.”
When prompted to pick his favorite area of the house, The Agency co-founder signaled out the primary bedroom suite, along with “the original stairway, with its two-story Torrance steel window system“, which he says was one of the things that drew him to the property.
Heading outside, we find a secluded backyard oasis with a cascading pool, spa, fire pit, grassy yard, dining and lounging areas, with mature landscaping, tall hedges, and privacy walls shielding it from prying eyes.
Unsurprisingly, Billy Rose holds the listing along with Stefan Pommepuy, also with The Agency.
And while Rose hasn’t yet been part of the cast of Buying Beverly Hills, the Netflix series starring agents from the luxury real estate brokerage he co-founded alongside Mauricio Umansky, we’re hoping his house will — and that the second season of the show will give us a better look inside his inviting abode.
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This article is reprinted by permission from NerdWallet.
Mortgage rates have risen to their highest levels in more than 20 years, making it harder to afford a home. And yet, out of necessity or desire, hundreds of thousands of people buy homes every month.
With the 30-year fixed rate topping 7%, NerdWallet asked real estate agents and mortgage loan officers for advice on how home buyers can stretch their homebuying dollars in this time of high interest rates. Here are nine tactics that they suggested.
1. Ask the seller to reduce the mortgage rate
Temporary mortgage rate buydowns have become commonplace since rates surged in early 2022. With a temporary rate buydown, the seller pays a portion of the buyer’s interest payments upfront. This reduces the house payments for the first one, two or three years of ownership.
“This is a common strategy for new-home builders, but it can also be used in the purchase of resale homes,” said John Bianchi, executive vice president for loanDepot. (All sources in this story commented via email.) “Negotiating a temporary buydown with the seller can help soften the blow of high interest rates, reducing your monthly payment for one to three years.”
In one typical setup, the seller’s payment effectively cuts the buyer’s interest rate by 2 percentage points in the first year, and by 1 percentage point in the second year. After that, the buyer pays the full interest rate. This is known as a 2-1 buydown.
Another option is to reduce the mortgage rate permanently, using discount points. One discount point equals 1% of the loan amount; each point typically reduces the interest rate by around 0.25 percentage point.
“Home buyers have an opportunity to get a seller to pay for these methods to lower their interest rate,” said Chuck Vander Stelt, a real estate agent in Valparaiso, Indiana. “Some home buyers should seriously consider offering a more generous price to the seller in exchange for a large closing cost concession and then use those funds to buy down the interest rate as much as possible.”
Also see: Avoiding the 30-year mortgage loan trap can save you hundreds of thousands of dollars
2. Use part of your down payment to pay down debt
When you apply for a mortgage, the lender considers your total debt payments for the house, car, student loans and credit cards. Sometimes it makes sense to divert some of your intended down payment money to cut the higher-rate debt first, said David Kuiper, vice president and senior mortgage banker for Dart Bank in western Michigan.
“While the mortgage payment will be slightly higher, the total debt/payments is lower, making the proposed purchase more affordable,” Kuiper said.
3. Use home buyer assistance programs
State and local governments sponsor an abundance of programs to make homes affordable for home buyers, especially first-timers. Some programs offer down payment assistance and help with closing costs. Others offer favorable interest rates or tax credits.
Details differ from state to state. Some programs are targeted to certain counties, cities or neighborhoods. Others are intended for specific groups of people, such as teachers, first responders or renters who live in public housing. Some programs have income limits.
Don’t miss: We bought a falling-down 100-year-old home. We tried to renovate, but things took a turn for the worse.
4. Ask the seller to finance the purchase
You can give the seller an IOU for part of the home’s value and make monthly payments directly to the seller at an interest rate that’s lower than you could get from a bank. This arrangement is called “seller financing” and has its roots in the early 1980s, when mortgage rates zoomed as high as 18%.
You might wonder why a seller would agree to such a deal. “They will often do this in order to get the price they want,” said Janie Coffey, who leads the Coffey Team with eXp Realty in St. Augustine, Florida. The seller gets full price while you get a break on the interest rate.
Seller financing usually has an end date: Within three, five or 10 years, the buyer must get a mortgage from a lender to pay off the amount owed to the seller. Coffey explained that the type of seller open to this arrangement often has paid off the mortgage “and is OK to wait for their big payoff.”
Seller financing is complex. Use an experienced real estate attorney to draw up the contract.
Related: How the U.S. housing market got stuck in the ’80s
5. Don’t wait for a rate you like better
“If the right house comes along and the payment is affordable (even if you don’t like the interest rate), you should buy the house,” Kuiper said.
You often hear that you should buy now and refinance someday, after interest rates fall. That’s not Kuiper’s point. His point was this: If mortgage rates fall, more buyers will rush into the market. They’ll make competitive offers and drive home prices higher, “essentially wiping out any advantage of the lower interest rate.”
6. Don’t get distracted by things you don’t need
Some sellers want flexibility about the closing date, would prefer the buyer to make repairs, and are scared of accepting an offer from a buyer who ends up failing to qualify for the mortgage.
Vander Stelt advises staying focused on price with these hassle-avoidant sellers, while being flexible on the rest of the offer on the house. “Do this by offering the best terms you can, including buying the home as-is, a closing date and possession that works best for the seller, and illustrating how strong of a candidate you are to get your mortgage approved,” he said.
You can demonstrate that you’re a strong mortgage candidate by showing a preapproval letter and by sharing financial information, such as account balances that prove you have the cash for the down payment.
7. Buy a house that needs work
Buying a fixer-upper is an old-fashioned, time-tested way to save money. “If you can be patient, it’s worth buying a home that needs work and slowly fixing it up over time or taking a renovation loan to acquire the home and do the work upfront,” said Brian Koss, regional sales director for Movement Mortgage, in Danvers, Massachusetts.
Read: Should you buy a fixer? These are the 5 cheapest states to make home renovations.
8. Build a house or buy a brand-new one
“Building a new home can provide more certainty around how long you will have to wait to move in, it can provide more cost certainty, and it can save you money in the short and long term by avoiding costly remodels, appliance repairs and unexpected repairs of older parts of the home,” said Jeffrey Ruben, president of WSFS Mortgage in the Greater Philadelphia area.
Buying a new home in a development has some of the same advantages. And today’s buyers have good reason to shop for new construction because there’s a shortage of existing homes for resale.
Read: U.S. construction spending rose in June, marking seventh straight monthly increase
9. Rent out part of the house
Coffey suggested using an old strategy with a trendy name — house hacking — “buying a property like a duplex, where you live in one unit and rent out the other,” she said.
If you buy a duplex, triplex or quadplex, and you live in one unit, you can include the expected rental income for the others when qualifying for a loan. In some cases, you can qualify for a mortgage using expected rental income from an accessory dwelling unit, such as a basement apartment or a tiny house in the backyard.
Also see: Homeowners locked into ultralow mortgage rates consider short-term rentals, but cities are cracking down
If you buy a home today, you’re stuck with high mortgage rates for the time being. But by employing some creativity, you might find a way to afford homeownership.
More From NerdWallet
Holden Lewis writes for NerdWallet. Email: [email protected]. Twitter: @HoldenL.
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If you’ve ever had the privilege to experience a taste of la dolce vita in Italy, then you’ll understand the dilemma I am facing; I want to shop for everything. The homes and hotels of Italian tastemakers have well and truly stolen my heart, so I set myself a little challenge to narrow down these trends to just five – five key home decor trends that I would slowly incorporate into my own home.
You may already be familiar with, or even own, a few of these Italian-influenced designs. See which ones are having a moment below – at least for me – and get inspiration for how to decorate with them in your own space.
5 Italian decor trends I adore
decorating with neutrals. One important aspect to consider when decorating with a subtle or muted color palette is to bring in as much texture as possible as it creates interest and layers – important factors when strong room colors are out of the picture.
Texture in interior design is crucial if you want to create a modern rustic room that is also contemporary yet cozy. Quite simply, without texture, your space will fall flat. It’s vital to look at the room as a whole and bring an area together with mixed materials for energy and warmth.
‘Texture can determine how a modern rustic room looks and feels, so invest in plenty of raw materials alongside natural reclaimed wood, linen, wool – and elements of greenery,’ says homeowner Lauren Meichtry, founder of Elsie Home.
3. Kitchens with character
Decorative kitchens, with plenty of personality, are rife in Italy. For many traditional Italian families, the kitchen is truly the heart and soul of the home.
No matter the era or status of the home, the kitchen was first and foremost a functional space. It is the engine room of the home, the space that keeps everything running smoothly. It is somewhere that meals are prepared and sometimes eaten, as well as being where the essential household tasks are carried out. However, this is only part of its role – it is also the hub of the house.
Today, the kitchen is a space to commune and spend time with family and friends. The duality of its role means that it is important that the kitchen not only meets your practical needs but is also beautifully decorated, offering a warm welcome to anyone who passes its threshold.
This delightfully bold and bright kitchen in the heart of Florence’s historical center is a visual feast for the senses. Designed by Officine Gullo, the colors have been chosen to harmoniously chime with the architecture and furnishings that define the room.
‘Colourful kitchen ideas have been enjoying rather a renaissance, and we’re seeing brighter colors on walls, cabinets, and even ceilings,’ says Emma Bulmer, head color consultant at Edward Bulmer Natural Paint. ‘The colors and color combinations being used are also becoming more creative and confident.’
4. Patterned tiles
Often featuring a myriad of intricate patterns, original patterned tiles are highly sought after. Globally, Italian manufacturing and innovation dominate the design industry, and tiles are no exception.
More than any other floor and wallcovering, tiles have undergone a renaissance, becoming a design favorite whether used in a new build or to remodel an existing home. While there are plenty of choices for popular neutral tones, the big tile trend is for tiles that feature the dazzling colors and patterns of traditional Moorish and Italian tiles.
As reclaimed tiles come from all sorts of properties, they often have a unique story attached to them. ‘We source a lot of tiles from junkyards – a good place to start if you only need a few replacement tiles to mix and match,’ says Andy Triplow from The Vintage Floor Tile Company. ‘However, reclamation companies often only stock a handful of tiles and are unable to offer enough for a complete floor, which is why it is good to start collecting early.’
5. Lighting with purpose
No one does innovative and contemporary design quite like some of the world’s best Italian designers. Lighting with purpose, be it sculptural or to highlight a focal point, is a look that the Italians have perfected.
With their delicate interplay between form and function, all rooms benefit from a well-executed decorative lighting scheme. During my time away, I was taken aback by the creativity on display when it came to choosing light sources.
Lighting isn’t just about the light. There are many design-led options for your home and backyard, from decorative pendants to wall lights with an extendable arm. Remember that warm white light will create an inviting glow.
‘Homeowners are seeking unique pieces for their homes that create maximum impact,’ says Ian Cameron, creative director at Cameron Design House. ‘From unusual shapes to innovative materials, there is an increased desire from customers looking to be more daring in their design choices. There will be a demand for unusual and eye-catching light pieces that challenge every day and are show-stopping art forms in themselves.’
Shop the Italian-style decor edit
Achieving the Italian dream in your home is easier than you think. I’ve selected my favorite buys for you to shop below. They are already in my basket…
The U.S. housing market is short by at least 6.5 million homes. After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Renters are finding themselves priced out of areas within a reasonable commuting distance to work.
The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. Over the next decade, there will be more than two million adults added annually to the U.S. population, due to a combination of aging and immigration. This shift will drive a voracious need for more housing, especially among entry-level and first-time move-up homes at lower price points given structural affordability challenges.
Reasons for the housing shortage plentiful
Housing has been materially unbuilt for the past 15 years. Most production builders have focused on ever larger and more expensive new homes, and relatively few new homes have been built that cater to lower-income households and entry-level buyers, especially in high-cost coastal markets.
Most recently, rising interest rates have intensified the fight for housing. From February 2011 to April 2022, mortgage rates never rose above 5%, making the cost to borrow money and buy a home very cheap. However, since 2022, there has been a rapid rise in rates that has created a “lock-in effect” and stalled many families who would have otherwise considered moving. Homeowners who “locked-in” a mortgage rate of 3-4% during the pandemic are unwilling to buy a home at a 7%+ on a new mortgage, which means even fewer homes are going on the market as existing homeowners choose to stay put.
For those hoping to buy a home for the first time, the rise in rates means that monthly payments are effectively double what they would have been a year ago, a reality that has priced many people out of buying. Couple that with rising costs of home insurance and the general price inflation, and there is a massive housing affordability problem facing the majority of the country.
A need for alternatives
This persistent housing shortage has generated a pressing need for alternatives that can bridge the gap between demand and supply, while accounting for a limited availability of land in top areas.
Enter the Accessory Dwelling Unit, commonly known as an ADU, or more informally called an in-law suite, granny flat or backyard home. ADUs are small, self-sufficient structures that usually have one to three bedrooms, a private entrance, and all the amenities that a resident would require including kitchens and bathrooms. ADUs are one of the most effective ways to add density and rental properties in a higher cost market. These generally detached structures can be built in less than a year and cost far less to build than primary homes. Depending on where you live, there are also various state-run programs such as the CalHFA ADU Grant in California that can bring down building costs tremendously.
For homeowners, ADUs offer an opportunity to provide affordable housing on the rental market or house relatives that would otherwise be unable to afford the neighborhood. These structures can generate rental income to offset rising mortgage payments, and create more long-term rental supply, ultimately lowering the average rental cost for tenants. For local governments, ADUs can increase the number of tenants in areas where high-rise dwellings are not a desirable option. ADUs also offer a compelling option for multi-generational living, which can be a tremendous help with families that want to reduce burdens of childcare and senior care.
Changing policies good for ADUs
Fortunately, we are seeing many government authorities focusing on changing housing policies and zoning codes to make ADUs a more actionable solution. It’s a rare example of government housing policies driving the private market to solve a critical problem. For example, California’s changes in laws and regulations have made ADUs much easier to build. The momentum from these regulations has resulted in a large increase in ADU construction activity: permits for ADUs in California have increased nearly 22x from around 1,100 in 2015 to nearly 24,000 in 2022 and roughly 68,000 ADUs were built across California between 2017-2021. As a result, there are a large number of new housing units that have been added to high-cost locations where people hope to live and work.
Nationwide, many local and state governments are starting to follow the California example. Washington, Oregon, Florida, and Colorado, to name a few states, are starting to make ADUs a more prevalent part of solving the housing affordability issue. Ultimately, ADUs alone won’t solve decades of housing issues. But they can close the gap between the number of people looking for affordable housing and the number of homes available for rent or purchase.
Sean Roberts is CEO of Villa, an ADU builder in California.
This column does not necessarily reflect the opinion of RealTrends’ editorial department and its owners.
To contact the author of this story: Sean Roberts at [email protected]
To contact the editor responsible for this story: Tracey Velt at [email protected]
Want to learn how to invest in self-storage? I have stored boxes of my stuff plenty of times over the years and there’s a good chance that you have as well (or perhaps you know someone who has). Investing in self-storage facilities can be a relatively low-risk asset for people looking to diversify their income…
Want to learn how to invest in self-storage?
I have stored boxes of my stuff plenty of times over the years and there’s a good chance that you have as well (or perhaps you know someone who has).
Investing in self-storage facilities can be a relatively low-risk asset for people looking to diversify their income streams. Or, perhaps you’re looking for a full-time income and are looking for your own business to start!
So, what exactly is investing in self-storage?
It is when you put your money into self-storage facilities and rent out units to renters.
I have personally used self-storage facilities for many reasons over the years for a short-term period, and nearly every single time I think about the profitability of it all and how passive it seems to be a self-storage owner or self-storage investor.
There are usually no customers at the facility (I’ve almost always been the only one there when dropping off or picking up), but every unit is being rented. Seems like an interesting way to make money with not too much work!
Plus, over 9% of households pay for self-storage units, and there is a lot of demand for new facilities.
Quick Summary
Self-storage investing can be a way to make money and run a business with low expenses
There is a lot of demand for storage units, with many businesses having a very long waitlist
If you don’t want to run a business, you can also buy shares in an REIT or even just rent out your garage or basement
What is Self-Storage Investing?
To put it simply, self-storage investing is when you invest in storage facilities.
More and more people need storage units for many different reasons such as moving, downsizing a home, needing a place to store something that a person doesn’t have room for (such as an RV or boat), or even businesses that are storing extra inventory.
For example, someone might need a short-term lease to store their belongings due to being in between homes (like if they are moving but their next home isn’t ready yet). Or a person on a long trip may decide to sell their home, but they need a place to store their important items.
If you decide to invest in self-storage, you have a couple of options. You can start by purchasing and owning a facility yourself or passively invest by buying shares in a self-storage REIT (Real Estate Investment Trust). I will be going over each of the options further below.
Related content:
Is Self-Storage a Good Investment?
Yes, deciding to invest in storage units can be a good idea.
According to Neighbor, the average profit margin on a self-storage unit is around 41%, and they typically have high occupancy levels of around 92%.
One of the main positives of investing in self-storage is being able to earn income with less work (you’re not dealing with customers all day long – people tend to store their stuff and not visit it often).
Self-storage facilities usually have low expenses compared to other types of commercial real estate investments. Also, self-storage is usually recession-resistant as people still need to store their stuff.
Another benefit of investing in self-storage is the flexibility it offers because you don’t need very many employees to run a storage lot. Some lots that I’ve been to don’t even have any employees – instead, you call the owner when you want to get your stuff and they then send someone down. People tend to store their stuff and not touch it for a while.
Related: 18 Passive Income Ideas To Earn $1,000+ Each Month
Types of Self-Storage Facility for Investment
When investing in self-storage facilities, you may not know that there are a few different types.
This section will discuss the different self-storage facilities you can invest in.
1. Climate-Controlled Storage
Climate-controlled storage is something that more and more people want these days because it can protect their belongings from temperature changes and humidity.
After all, many places get very hot weather, and storage units can get quite hot inside. You don’t want your things to melt into each other.
These types of units are good for storing items like electronics, artwork, or documents.
Now, your location is important in deciding if you need climate-controlled self-storage, as areas with extreme temperatures or humidity obviously will need AC more. For example, a storage facility in Florida may be more likely to have air conditioning than a facility in Alaska. And, a facility in Alaska is more likely to have heat than a storage unit in Florida.
2. Mixed-Use Storage
Mixed-use storage facilities combine multiple types of storage units in one location.
For example, these types of facilities may have climate-controlled, drive-up, boat, and RV storage all in one place. Many storage facilities are like this. They cater to different customer needs and tend to have a broader target market due to being able to store so many different types of items.
People tend to like these forms of storage as they can store all of their belongings in one place, instead of having their stuff scattered across town.
3. RV and Vehicle Storage
With so many people owning RVs and extra vehicles, the demand for storage has increased over the years.
Also, many neighborhoods simply do not allow for RVs or extra vehicles to be parked in front of their home (or even in their driveway, backyard, etc.), so a storage lot is needed.
Some storage facilities may even just be massive warehouses where people can store their RVs, valuable cars, and boats inside.
We have stored an RV in a place like this many times. We have found the typical rent to be around $5 to $10 per foot for our RV in an indoor parking lot, so you can see how quickly storage revenue can add up! Some businesses even have private RV units, and those fetch a much higher rate, such as $400-$600+ per month.
4. Boat Storage
Boat storage facilities specialize in safe storage for boat owners during the off-season or when not in use. These types of facilities typically have long waitlists too.
Boat storage businesses sometimes have both indoor and outdoor options (or they may focus on one or the other), as well as extra services like boat maintenance, hauling, launching, and more.
Coastal regions or areas with nearby water access (such as Florida) are usually good locations for investing in boat storage facilities as there are more boats, of course.
We have used boat storage facilities many times over the years to store our own boat. The amount you can make per boat can be anywhere from a couple hundred to a couple thousand dollars each month, depending on the location and the type of boat (catamaran vs. small fishing boat, for example) you can store. We have paid anywhere from around $1,200 to over $2,000 a month in the past for boat storage.
5. Drive-Up and Outdoor Storage
This is the type of storage that pretty much everyone has seen, as they are very common.
With this type, customers can drive directly to their storage unit, making loading and unloading much easier. These types of facilities are usually single-story buildings. Many times they do not have AC or heat.
Drive-up and outdoor storage facilities give renters an easily accessible storage solution.
How to Invest in Self-Storage
If you want to invest in self-storage, there are a few different ways to do so.
1. Buy an Existing Self-Storage Facility
One of the easiest ways to enter the self-storage market is by purchasing an existing business, such as those for sale by mom-and-pop operations.
This can save you time as everything is in place and you already have customers with rented units. Yes, you can improve some of their processes, but a lot of the hard work is already done for you.
But, purchasing a facility can be expensive upfront, though, because you will be buying a business with land, a building, and an existing customer base.
Just as an FYI – As you’re looking for storage facilities that are for sale, you may come across different classes. Class A facilities usually are higher-quality climate-controlled storage units, whereas Class B and Class C facilities may be lower-quality.
Buying an existing storage lot can possibly make you more money than investing in REITs (discussed further below), but it also means more hands-on management and responsibility because you will be actively running a business and managing employees.
2. Build a New Self-Storage Facility
There are around 2 billion square feet of storage space in the U.S. alone, but there is a high demand for more. Many self-storage facilities have long waitlists even!
I have called many storage lots only to find out that they had waitlists that were years long. I have even several times called every single lot within a few state radius, and found that every single one had a waitlist.
Yes, the storage business is really in that much demand!
As a self-storage investor, you can take advantage of this high demand and build your own storage facility.
To create a self-storage facility from the ground up, you will need to do the following:
Find land to buy – Once you know that an area needs a storage facility, you will need to find land to buy to build on. You will also want to make sure that it is easy to drive to (for example, if you are building an RV storage lot, you don’t want low bridges as the only way to get to your lot because no one will be able to get there then).
Build – After you buy the land, you will need to think about what you want your facility to look like, then hire a construction company to build your plan.
Open up for business– Once the facility is built, you will need to market it and get customers. You will also want to set up the systems to manage daily operations effectively and as passively as possible.
Self-storage is in demand, so building a new storage business can be a way to get started and make money.
3. Buy Shares in a Real Estate Investment Trust (REIT) That Focuses on Self-Storage
If you want to invest in self-storage without actually owning and managing a business, one way is to invest in an REIT.
REITs are a type of investment that allows you to buy shares in a company that owns self-storage facilities. Think of it like shares of stock in a company that you can buy.
With REITs, you can invest in a portfolio of self-storage properties without physically owning or managing the facilities yourself.
This is more passive because you don’t need to hire employees or do maintenance checks.
4. Rent Your Space on Neighbor.com
If you have extra space in your own home such as a garage, closet, driveway, or spare room, you can rent it out as storage space through a platform like Neighbor.
With this site, you can earn $100 to $400+ each month (the rate you can get depends on demand in your area and the type of storage you are renting out).
Here’s how Neighbor works:
Sign up for a free account – Create an account on Neighbor by clicking here.
Describe your space – Write a detailed description of your space, including the dimensions, location, and any features (such as air conditioning or heat). Add pictures of the space as well so that potential renters can see what you are renting out.
Set your price – Choose how much you want to charge for renting your space.
Manage rentals – Connect with interested renters, agree on terms, and manage ongoing rental contracts, all through the Neighbor platform.
You can learn more at Neighbor Review: Make Money Renting Your Storage Space.
Advice for managing a self-storage facility
If you decide to run your own storage facility, then here are my tips for new self-storage operators.
Making money from self-storage
To make money from your self-storage facility, you need to think about what your customers want. So, you may sell amenities to your renters, such as vehicle washing, starting up their vehicle or checking on it, electrical plugins to charge vehicles or RVs, and so on.
You’ll also want to think about how much money it will cost you to actually run the business. Will you need to hire workers? How much will maintenance cost you so that you can keep the facility in good condition?
Security in self-storage facilities
Security is very important for customers when choosing a self-storage facility. Customers care about their stuff and they don’t want anything happening to it, such as it being stolen.
So, you will want to make sure that your facility has a lot of light (especially at night time), security cameras aimed at different angles, and gates with codes. This helps your customers feel safer about leaving their stuff at your storage facility, and also helps to protect your business from liability issues and bad reviews (for example, if a person has their stuff stolen from your facility, they are likely to leave a bad review and this can cause others to not use your storage units as well).
Frequently Asked Questions About How To Invest In Self-Storage
Here are answers to common questions about investing in self-storage.
How can I find a self-storage business for sale?
To find a self-storage business for sale, you can start by searching on websites like LoopNet and BizBuySell. I took a quick look at both of these sites and found many for sale quite easily from anywhere in the hundreds of thousands to in the millions of dollars price range.
What are the best self-storage stocks to invest in?
The best self-storage stocks for you to invest in will depend on your own money goals and the amount of risk you want to take on. Unfortunately, I cannot tell you which is the best self-storage stock, as I am not your financial advisor and I do not know your specific situation. But, I can tell you which ones are popular.
Some of the most popular and best self-storage stocks include Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).
Which self-storage REITs have the best returns?
Real estate investment trusts (REITs) are a popular way to passively invest in self-storage facilities. Several well-known self-storage REITs include Life Storage (LSI), National Storage Affiliates (NSA), and Simply Self Storage (SSS).
Keep in mind that past performance and dividends do not mean that the same will be true in the future, so it’s important to do your own research.
What risks are there with investing in self-storage?
Like with all businesses, there are risks when it comes to self-storage. Some risks include competition, changes in demand, and possible natural disasters that could hurt the facility (such as a severe storm or a flood).
Also, managing a self-storage facility will, of course, require at least some time from you and may even require employees, so you should also think about operational costs and business management.
How profitable can a self-storage business be?
The amount of money that a self-storage business can make depends on many things such as location, demand, and operating costs.
Can owning a self-storage unit generate passive income?
Having a self-storage facility can earn you passive income through rental fees. But, managing a self-storage facility also requires that someone works at the business, to check people in, show units, and check on the property. You could hire employees so that it is more passive for yourself.
You can also earn passive income by investing in self-storage REITs or stocks instead of owning and running a storage facility.
Does self-storage do well in a recession?
Self-storage in the past has performed relatively well during recessions, as people often downsize their homes or need temporary storage. Of course, though, the past doesn’t mean that it will always do well. So, it is always best to do your research and prepare as best as you can.
What is the future outlook for self-storage?
The future for self-storage looks to be positive, as there is a lot of demand for storage units and I’m still constantly seeing waitlists everywhere. In fact, whenever I need to store something even for just a few months, I’m always being told that I need to call a year in advance for a spot.
Many storage facilities have a high occupancy rate, long waitlists, and cannot keep up with demand.
How To Invest In Self-Storage – Summary
I hope you enjoyed today’s article on how to invest in self-storage.
If you are looking to add a new asset class to invest in, becoming a self-storage investor can be an interesting way to bring in a stable cash flow and make more money.
Self-storage is in high demand too, with many businesses currently having a long waitlist.
Factors such as location, demand, the quality of facilities (Class A, Class B, and Class C), and the type of storage lot all can change the success of a self-storage investment.
Are you interested in learning how to invest in self-storage?
When searching for apartments, there’s always so much to consider, like location, price, proximity to parking or public transportation and closet space.
However, there’s another factor to consider in the apartment hunt that has the potential to profoundly impact your day-to-day lifestyle: which floor is best to live in an apartment. There are benefits and drawbacks to all the different floors, from the ground floors to a top floor apartment.
Which floor is best to live in apartment buildings
What’s the best apartment floor to live on? The top-floor apartments have great views and privacy, but ground-level apartments are usually more affordable. In other words, there are pros and cons to living on a lower floor or a higher floor.
Pros and cons of living in a top-floor apartment
Like all things, there are important factors to consider about living in top-floor apartments, like if the building has an elevator to access the higher floors.
Pro: Less noise
Top-floor apartments rarely have to deal with noise coming from both outside of the building and inside from other tenants. However, if you’re a noisy neighbor, living on the top floor could create some potential problems with your downstairs neighbors on the lower floors.
Pro: Panoramic views of the city
The panoramic views from top-floor apartments are nothing to complain about. However, keep in mind that you might not need to seek out a penthouse apartment to get the views you desire. You might be able to see the same sights from the middle floors, which could save you money in the end.
When touring the apartment initially, observe the view so you can make an informed decision before signing the lease.
Pro: Increased security
One advantage of living on the higher floors of an apartment building is that it’s typically safer than lower-level apartments. Depending on the layout of the apartment building and its built-in security measures, basement and ground-level apartments can pose a higher risk of criminal activity and break-ins than apartments on the top floors.
If your prospective apartment is in a high-rise building with a doorman, is within a gated community, has on-site security or requires a FOB or code for access, crime is less likely to occur.
However, if you fear that criminals could easily access a ground-floor window without an alarm system or bars, you might consider “moving on up” to a higher apartment floor.
Pro: More exposure to natural light
Living on the top floor gives you added height and more exposure to natural sunlight. Natural sunlight is a great way to brighten up your place, especially if it’s a small floor plan. While natural light is great, it can also make your place hotter, so keep this in mind when you budget for utilities. You can also enjoy fresh air courtesy of higher-up breezes.
Pro: Fewer pests
Living on the top floor means fewer visits from unwanted pests and critters. Bugs and other pests typically live in or on the ground outside, so they’re more likely to infest apartments that are closer to where they live in nature.
Con: Added cost for rent and utilities
Apartments with the same or comparable floor plans are typically more expensive the higher up they are. And don’t forget that heat rises. That goes for utility costs, as well. Your monthly electric bill could potentially skyrocket in the summer, especially if you live in a warm climate, like the South.
If money is tight, you should strongly consider these factors when choosing which apartment floor to live on and rent. The abundant sunlight drenching your apartment coupled with the “heat rises” concept is sure to minimize heating costs in the winter. However, that same combination might drive up your air-conditioning bill in the summer.
Con: More difficult to access
Living in a top-floor apartment might be attractive, but how easy is it to get there? Does your building have an elevator, or are we talking four to five flights of stairs every time you come and go? How easy would it be to get to your apartment with two weeks’ worth of groceries?
Make sure to pay extra attention to the ease — or difficulty — of getting up to your place. Additionally, there’s the added element of the actual move in and move out, which results in lots of trips up and down the stairs. Keep in mind, apartments that are more than three stories high must have elevator access to meet ADA standards. On the other hand, walking up and down all those stairs does save you from getting a fitness center membership.
Con: Limited emergency evacuation options
Living on a higher floor can often make evacuating during a fire or natural disaster much more difficult than just walking down a few flights of stairs. Check out the evacuation route and plan for your apartment complex.
Will you be walking down 20 flights of darkened stairs filled with smoke? How many apartments and residents are below you that will also be evacuating at the same time? These questions aren’t meant to scare you, rather more to prepare you. It’s smart to have an emergency evacuation plan in mind when moving to an apartment, regardless of the floor.
Con: Building conditions may impact apartment
Most apartment complexes will have a maintenance team dedicated to the care and upkeep of the place. If you choose to live on the top apartment floor, you want to check out the conditions of the exterior roof and see if any damage has occurred that’ll directly affect your apartment.
Pros and cons of living in ground floor apartments
A ground-floor apartment, too, boasts some enticing amenities. When looking for the perfect place in an apartment complex, consider all that a ground-floor apartment has to offer to ensure it meets your wants and needs in a home.
Pro: Easier to access
The first floor of an apartment is ideal for bringing in heavy loads, such as your furniture when moving or that big trip to the grocery store. You don’t have to carry things all the way to the top floor. The ground floor might be the best choice.
Also, if your health will prohibit you from walking up and down the stairs frequently, ground-floor apartments are beneficial.
Pro: Reduced cost of rent and utilities
Living on the ground floor will help you save on utility bills. The lower floors make for a less expensive air-conditioning bill in the summer as the cool air naturally reigns in lower locations. Also, you’ll likely have less exposure to natural sunlight, which will keep your place cooler in the hot months of summer.
And sometimes, apartment complexes will offer lower monthly rent prices for the bottom level because it lacks the views some people desire. Apartments on the top floors always fetch higher prices because of the views. So, living on the bottom floor can help you save money on rent and utility bills.
Pro: More options for outdoor space
Living on a ground floor unit could mean easy access to outdoor space like a backyard or courtyard, which is great for tenants with pets, kids or people who love entertaining outdoors. This isn’t always the case, but it’s something to keep in mind when deciding which apartment floor you want to rent.
Con: Potentially more noise
While street noise might be a con in first-floor apartments, you also get the benefit of not having to worry about bugging a neighbor below you. If you’re the type who brings a recording of city noises with you on vacation so you can actually fall asleep, the ground floor might be your perfect place to land.
On the other hand, late-night vacuuming or the high-heel lover upstairs might get annoying for a first-floor dweller. Decide how much or how little noise you can tolerate from potentially loud neighbors before making the decision about which apartment floor to live on.
Con: Potential for more pests in the home
When you live on the ground floor, you’re generally more susceptible to getting unwanted pests than on a higher floor. This is a major turn-off for some renters. Pests can access the bottom apartment floor more easily, but if you don’t mind killing the occasional roach or have a great plan for pest control, you’re good to go.
Pros and cons of living in a middle-floor apartment
The top and bottom floors are both great options depending on what you’re looking for in an apartment rental, but when it comes to heating and cooling and worrying about the trek to and from the apartment, each showcases opposing extremes. As a result, the middle floors are, in a sense, just right.
Pro: Consistent bill price
The middle floor may not get a seasonal break from heating and cooling costs, but it usually sees a steady power consumption rate during each season. If you’re someone who likes to live on a steady budget, the middle apartment floor can help you plan a more stable budget.
Pro: Easier access to your home
While the middle floor has both top and bottom neighbors, it doesn’t demand a huge hike up the stairs. And if your building has an elevator, access is essentially a non-issue. Living on the middle floor gives you a little workout, but you won’t work up a sweat every time you go home.
Pro/con: Some noise levels
Mid-level apartment floors like those on the third floor aren’t exposed to street traffic noise. However, you’re surrounded by a lot of neighbors and foot traffic in the hallways is a trade-off there.
Choosing the right location to rent
Home is a place of comfort and peace, so you want to ensure it has everything you need to feel safe, secure and happy. Everything from the cost of the apartment to which apartment floor you choose is important. Not sure you want to live in a high-rise apartment building? Determine which type of rental layout is right for you.