Rent To Own Houses Apple Valley Ca

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Click a heart to get started! Please note that by filtering favorites, all of your filters including drawn searches and my Plan Commute searches will be cleared. Would you like to continue? We had some problems performing your search. Please try again later. Your location was not found. 'One nation under God' ... 5-year-old boy dies, three others injured in Hesperia crash ... Realty experts say rental well has gone dry in the High Desert VICTORVILLE — The state of the High Desert rental market is looking bleak, according area Realtors and those searching for a place to call home.Caroll Yule, a broker/owner for Shear Realty in Victorville, told the Daily Press that many property managers have seen a major change in the rental market, with managers posting few rentals. The result of the rental drought is causing potential house and apartment renters to give up their search altogether.“Property managers in the past would list an average of seven to 10 homes at any given time.

Now, we’re lucky if they list two homes,” Yule said. “We have people walking in and asking for homes, but we just don’t have any available. It’s coming to a point where you need to know about a home coming on the market or know a friend who knows about a rental to get into a place."Coldwell Banker Commercial Victorville Vice President Bob Basen told the paper that several factors are behind the lack of rentals in the High Desert, including the wave of new residents moving to the area because of the affordability to rent and own.“When you have affordable housing, a very limited inventory, building restrictions and no new development — you’re going to have a problem looking for a place to rent,” Basen said. “We need more homes and permanent, state-of-the-art apartment development.”Basen said the completion of the Cajon Pass Rehabilitation and Devore Interchange projects have made the commute between the High Desert and down-the-hill easier, which is beginning to draw more new residents to the area.

Home ownership numbers have decreased and the number of renters have increased by some 9 million since 1994 statewide, according to Basen, who said those numbers are now being being felt locally and are “an indication that the High Desert needs to construct new rental units and rehab older ones.”“(No apartments have) been built in the last 10 years, so inventory is severely limited in the area,” Basen said. “The majority of rental stock was built in the '80s and now vacancy rates are approaching single digits.”Basen said local numbers show that average rental rates rose from 80 cents to 95 cents per square foot for the first half of the year, with Apple Valley having the most rental apartment units, mostly concentrated behind the Super Target on Highway 18.“Victorville has an apartment complex off Seneca Road that was built in the 2000s and it’s going for $1.10 a square foot, which is high for the High Desert,” Basen said. “Those apartments are 100 percent occupied.“

We need more quality units built, but many building codes make it pretty much impossible to (go to plan) and to make any money. Cities are also out of development money so that also hinders any growth.”Basen said another reason for fewer rental options is because many millennials are opting to rent smaller apartments and homes compared to purchasing a home. They're also teaming up with other young people to rent a single location, according to Basen.He added that local leaders are calling for more jobs in the High Desert, without addressing the fact that there are fewer places to live, even if jobs were to became available.Like Basen, Yule said she knows of some investors who are considering building more homes in the High Desert. She also remarked that future developers need to be careful how they build over the next 10 years.“I heard that millennials are looking for a lot of amenities like parks, sidewalks, and community centers,” Yule said. “It looks like they want smaller and closer.

But I also heard that many of them just can’t afford it right now."Former High Desert Association of Realtors President Becky Otwell said “it’s slim pickings” for people looking to rent in the High Desert.“I think it’s a combination of low inventory, lots of people moving to the High Desert and people wanting to rent rather than buy,” said Otwell, an owner/broker at Shear Realty. “There’s just a lot of people that are not ready to buy, which is making it harder for people to rent.”Otwell said housing and rental development will eventually begin once jobs come to the area, adding that, “Even then, it’s still going to be hard to build because of the cost and restrictions.”Several Realtors said many property owners have taken to Facebook, Craigslist or other online sites in an attempt to attract renters. But many in the industry said renters need to be wary of scams by private parties trying to rent homes that are actually in escrow.Otwell and other industry leaders agree that renters should meet face-to-face with property owners and should be wary of anyone insisting that financial transactions be conducted via Western Union or Moneygram.