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The average square footage of a house in the United States is 2,430 square feet, according to the National Association of Home Builders. That figure varies significantly from state to state, however, with averages ranging from 1,164 square feet all the way up to 2,800 square feet.

Average home sizes tend to be larger in areas where prices are lower and smaller in more expensive locales, though other factors also come into play. Understanding the average square footage of houses in your area can help you set realistic expectations for your house hunt and determine how much house you can afford.

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Home Square Footage Trends in the U.S.

The size of homes in the U.S. has grown significantly over the past several decades. In 1949, the average square footage of a house for one family was 909 square feet. By 2021, it had almost tripled to 2,480 square feet, according to American Home Shield’s American Home Size Index.

One of the reasons behind expanding home sizes was American migration to the suburbs following World War II. During these years, new highways were built, demand for housing grew, and homeownership rose. People moved into bigger houses with more land outside the densely packed cities.

Overcrowding decreased at the same time. In 1950, 15.7% of U.S. homes were considered overcrowded. By 2000, the proportion had dropped to 5.7%. Today, older homes tend to have smaller floor plans, while more recent constructions are more spacious.

That said, home sizes have decreased slightly in the past few years due to rising interest rates and home prices. Home size was larger during the pandemic when interest rates reached historic lows and homebuyers were often looking for a house that could be home, workplace, and school all at once. Home sizes trended downward in 2022 and 2023 as housing became less affordable. (Learn more about how to save money for a house.)

Still, the mean square footage for new single-family homes was 2,430 square feet in the third quarter of 2023, a huge increase from the 909-square foot average of 1949.

States With the Largest Average Homes

The state with the largest homes on average is Utah, with an average home size of 2,800 square feet. Following Utah are other states in the Mountain West, including Colorado, Idaho, and Wyoming. This chart shows the 10 states with the largest average home sizes in the U.S., along with their median price per square foot.

State Average home square footage Median price per square foot
Utah 2,800 $259.05
Colorado 2,464 $279.55
Idaho 2,311 $286.85
Wyoming 2,285 $189.87
Delaware 2,277 $223.75
Georgia 2,262 $180.61
Maryland 2,207 $234.53
Montana 2,200 $324.53
North Dakota 2,190 $139.12
Washington 2,185 $335.73

States With the Most Expensive Cost per Square Foot

In states with a high cost per square foot, homes tend to be smaller on average. The smallest homes are in Hawaii, where the median price per square foot is nearly $744. New York has the next-smallest real estate, with a median price per square foot of more than $421. (New York City, however, has a median price of $1,519.57 per square foot.)

That said, home prices and size don’t always have an inverse relationship. California has some of the most expensive real estate in the country, but its home sizes average 1,860 square feet. Along with cost per square foot, some other factors that influence average home size include income levels and age of the homes.

This chart shows states with the highest median price per square foot, along with their average house sizes. If you’re looking to buy in a less pricey locale, consult a list of the best affordable places to live in the U.S.

State Median price per square foot Average home square footage
Hawaii $743.86 1,164
California $442.70 1,860
New York $421.49 1,490
Massachusetts $398.77 1,800
Washington $335.73 2,185
Montana $324.53 2,200
Oregon $307.86 1,946
Idaho $286.85 2,311
Nevada $281.85 2,060

Recommended: 12 Tips for First-Time Homebuyers

What to Consider When Buying a Larger Home

Buying a larger home might be appealing if you have a growing family and want space to spread out, but it could have downsides. These are some of the factors to consider before splurging on extra space:

More expensive maintenance costs

Not only may a larger home have a higher initial price tag, but it could also cost you more in maintenance costs. Home repair projects can easily cost thousands of dollars apiece, and prices only go up when you have more house to maintain. Before opting for a big home, consider what shape it’s in and any potential renovation costs. You could also do some research on the cost of services in your area to estimate future expenses.

More time to clean and organize

Larger homes take longer to clean and organize than smaller ones. You’ll have to purchase more furniture and spend more time on general upkeep. If you hire cleaners for your house, the cost of each visit will be higher if you have additional rooms that need cleaning.

Located farther from city center

Homes in and around a city are often smaller, while houses with more square feet and land are typically located outside of the urban center. This may not be ideal if you prefer to live near restaurants, theaters, and other urban activities. It could also be a downside if you work in the city and would have a longer and more expensive daily commute.

A bigger carbon footprint

A larger home will require more heat in the winter and air conditioning in the summer. Not only will your energy bills cost more, but your bigger house will use more resources and have a greater impact on the planet. Some newer constructions may offset this footprint with energy efficient features.

Recommended: Tips to Qualify for a Mortgage

How Much Square Footage Can You Afford?

Before starting the house hunt and the quest for a mortgage loan, it’s worth considering how much square footage you can afford. Even if you get preapproved for a mortgage of a certain amount, you might prefer a smaller loan with lower monthly costs to avoid over-burdening your budget. Many first-time homebuyers opt for a smaller starter home before eventually upsizing. One way to figure out how much house you can afford is with the 28/36 rule.

The 28/36 Rule

The 28/36 rule is a guideline that can help you estimate what price house you can afford. This rule suggests spending no more than 28% of your gross monthly income on housing costs and no more than 36% on all your debt combined, such as housing costs, car payments, and student loans.

Let’s say, for example, that your monthly gross income is $6,000. Using this guideline, you’d want to keep housing costs at $1,680 per month or lower. If you have other debts, you wouldn’t want to spend more than $2,160 on those debts and housing costs combined.

Key Reasons to Purchase a Smaller Home

Purchasing a smaller home can have several benefits, including:

•   Smaller mortgage: A smaller home may have a lower cost, so you might be able to put down a lower down payment and take out a smaller mortgage.

•   More affordable bills: With less square footage, you’ll have lower monthly bills when it comes to electricity, heating, and cooling. Plus, you won’t have to pay as much in property taxes.

•   Easier and cheaper maintenance: Smaller homes can be easier to clean and maintain, and you won’t have to spend as much on furniture and decorations.

•   Extra room in your budget for other goals: If you’re saving money on housing, you’ll have more money for other things, such as home renovation projects, travel, investing for the future, and dining out.

The Takeaway

The average home square footage in the U.S. is more than 2,000 square feet, but sizes have slightly decreased recently with rising costs and interest rates. Home sizes also vary greatly by state, with the average square footage in some states more than double that in others.

Before splurging on a big house, consider your budget carefully. Use the 28/36 rule to estimate how much house you can afford, and take your other financial goals into account when considering how much you want to spend on housing each month. With careful planning, you can find a house size that meets your needs without overstretching your budget.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

FAQ

Are basements included in home square foot calculations?

Basements may or may not be included in home square foot calculations, depending on the state where you live and condition of the basement. If the basement is included, it generally must meet certain criteria for living space, such as having an entrance and exit point that leads outside the home.

How much square footage does a family of four need?

While everyone’s needs are different, one guideline for determining the ideal square footage for one’s family size is 600 to 700 square feet per person. For a family of four, that would be a home with 2,400 to 2,800 square feet.

Is the average house size in the U.S. increasing or decreasing?

The average house size in the U.S. increased significantly over the past 75 years from 909 square feet in 1949 to 2,430 square feet in 2023. However, the past couple of years have seen a slight decrease in house sizes due largely to rising interest rates and worsening affordability.

Photo credit: iStock/years

SoFi Loan Products
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SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

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Source: sofi.com

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Categories

Real Estate

August 14, 2024
by Mark Ferguson

This post will dive into a topic that’s been on a lot of minds recently—rising rent prices. It’s easy to point fingers and blame landlords for being greedy, but the reality is far more complex. Rents have been increasing for several reasons, many of which are beyond the control of landlords. In this article, we’ll explore the key factors driving up rent costs, from higher housing expenses to government regulations, and how these factors impact both the rental market and the overall housing market.

Table of Contents

Video: Why Are Rents So High?

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The Root Causes of Rising Rent

One of the primary reasons rent prices are increasing is the rising cost of housing. This isn’t just about the sticker price of homes; it’s about everything that goes into owning and maintaining a property.

Since COVID-19, we’ve seen significant increases in various costs, including:

  • Construction Costs: Labor and materials have become much more expensive. According to data from the U.S. Bureau of Labor Statistics, construction wages have steadily increased, with a sharp uptick since 2020. This impacts the cost of building new properties and maintaining existing ones.
  • Insurance Costs: Property and casualty insurance premiums have skyrocketed, particularly in the last two years. The Federal Reserve Economic Data (FRED) shows that premiums for homeowners’ insurance have more than doubled in the past 20 years, with the most significant increases occurring recently. This is partly due to stricter building codes and higher risk factors, such as hurricanes in states like Florida.
  • Property Taxes: In many areas, property taxes have risen dramatically. In Colorado, for example, we’ve seen the largest increase in property taxes in decades. The state has adjusted property valuations closer to or even above market value, leading to significant tax hikes. For instance, one of my commercial properties saw its value jump from $125,000 in 2018 to $352,000 in 2024, causing property taxes to increase from $3,220 to $7,717 annually.

Rental Property Cash Flow Calculator

How These Costs Affect Rent Prices

As these costs increase, so do the expenses for landlords. When insurance premiums, property taxes, and maintenance costs rise, landlords have two options: raise rents to cover these costs or sell the property. If they choose to sell, it reduces the supply of rental properties, which in turn drives up rents further.

One common misconception is that landlords are just raising rents out of greed. The truth is, many of us would prefer not to raise rents, as it can reduce our pool of potential tenants.

However, if the costs of owning and maintaining a property increase, raising rents becomes a necessity to ensure that the investment remains viable.

The Impact of Tenant Behavior and Laws

Another factor contributing to rising rents is tenant behavior. Over the years, we’ve noticed an increase in tenants not respecting properties. When tenants leave properties in poor condition, it adds to the maintenance costs. This isn’t the only factor, but it’s a significant one.

Additionally, changes in tenant laws have made it more challenging for landlords to manage their properties. In states like California, Washington, and New York—where tenant laws are particularly strict—rents are among the highest in the country. These laws often make it harder to evict problematic tenants or require landlords to pay relocation costs if they need a tenant to move out. All of these regulations add to the cost of being a landlord, which ultimately gets passed on to tenants in the form of higher rents.

Tenant Screening Best Practices for Rental Properties

The Role of Government Regulations

Government regulations play a significant role in the rising cost of housing. Stricter building codes, such as those related to climate change, have added thousands of dollars to the cost of constructing new homes. The National Association of Home Builders estimated that new climate change building codes could add $31,000 to the price of a new home. These increased costs make new housing more expensive, which in turn drives up rent prices.

Moreover, rent control laws, intended to protect tenants, often have the opposite effect.

Studies, including one from Harvard University on rent control in San Francisco, have shown that these laws can reduce the supply of rental properties as landlords are disincentivized from renting out properties or from investing in new ones. This reduced supply leads to higher rents for the properties that are available.

Does Rent Control Lower or Raise Rents?

The Bigger Picture: Supply and Demand

The supply and demand dynamics in the housing market also play a crucial role in rent prices. Contrary to popular belief, investors are not buying up all the available homes and driving up prices.

In fact, data from the American Community Survey shows that since 2016, the number of renter-occupied single-family homes has decreased by over a million, while owner-occupied homes have increased significantly. This shift has reduced the supply of rental properties, contributing to higher rents.

Conclusion: It’s Not Just About Greed

The rise in rent prices is not simply a result of landlord greed. It’s a complex issue driven by increasing costs in housing, stricter government regulations, and shifts in the housing market. As landlords, we must adapt to these changes, which sometimes means raising rents to keep up with rising expenses. While it’s easy to blame landlords for higher rents, the reality is that these increases are often a reflection of broader economic and regulatory trends.

If we want to address the issue of rising rents, we need to look at the bigger picture and consider how policies, regulations, and economic factors contribute to the costs of housing. Only by addressing these underlying issues can we hope to create a more affordable and sustainable rental market.

What do you think? Let me know in the comments below!

Source: investfourmore.com

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With the rise of companies like Airbnb, the idea of managing vacation rental properties has seen a spike in popularity. Homeowners are enraptured by the idea of making a decent income while providing a unique and fun experience for guests. Vacation rentals provide guests with a one-of-a-kind way to experience a city.

Whether you’re currently renting an apartment in Scottsdale or renting a home in Kansas City with plans of managing rental properties for other homeowners or you plan on buying a home in Albuquerque to use as a vacation rental, you can learn how to curate the best experience for your guests. ApartmentGuide reached out to successful vacation rental managers across the country to compile 15 tips for beginners starting their journey managing vacation rental properties. Read on to learn more. 

1. Prioritize quality photos

“I’m a big believer in doing things differently. When you’re competing against a multitude of hosts and property management companies, you need to determine what your competitive advantage is,” advises Dusty Winans, Owner of Padearn. “Beautiful photography can dramatically improve your click-through rate, conversion rate, ranking on Airbnb/Vrbo, and the number of bookings your property receives.

Photos should tell a story about how relaxing, inviting, or fun your property is. Don’t just take pictures of the room; zoom in and show the details. Stage some chocolate chip cookies or an ice-cold drink next to a reading nook or outdoor seating area to help guests imagine themselves there.”

2. Write your description like you’re talking to a friend

“When writing a description of the property, don’t come across like a car salesman. Write as if you’re talking to a friend or family member,” says Dusty Winans. “Go beyond the number of bedrooms, beds, and bathrooms and talk about what makes your property special. Think about what guests might have questions about, such as pool hours, beach chairs, baby gear, proximity to attractions, etc.”

3. Add a coffee maker and tons of free coffee

“Want to increase the number of 5-star reviews and earn an Airbnb Guest Favorite badge? Splurge on a great coffee maker and provide plenty of free coffee,” says Dusty Winans. “You’ll be amazed at how this one freebie can generate so many glowing reviews for your property. Not only that, a beautifully designed coffee bar will encourage guests to share photos of your property on social media.”

4. Show your guests that you’re a person, too

“Communicate with guests from a relatable first-person perspective,” says Dusty Winans. “Introduce yourself, share a little bit about you and your vacation rental business, and let guests know you’re there for them. Give them the freedom to reach out to you directly via text for any questions during their stay. The day after check-out, reach out to guests via text, ask how their stay was, and let them know you’d love for them to come back again.

5. Be prepared for maintenance issues

“One common mistake is underestimating the ongoing maintenance needs of a vacation rental property,” says Aaron Carpenter, Owner of Bend & Central Oregon Airbnb Vacation Rental Property Management by Grand Welcome. “Failing to address maintenance issues promptly can lead to negative reviews and dissatisfied guests. To avoid this, we recommend creating a thorough maintenance schedule, conduct regular inspections, and request that the homeowner set aside a portion of their rental income for unforeseen repairs.”

6. Set realistic expectations with homeowners

“A significant mistake is not setting realistic expectations with homeowners. Overpromising on rental income potential or downplaying the responsibilities of property management can lead to dissatisfaction among homeowners,” says Aaron Carpenter. “To avoid this, we have open and transparent discussions with homeowners about the potential income, market conditions, and the level of involvement required. We provide clear details about the property management process and any potential challenges that may arise. 

7. Make sure to clean between thoroughly between guests

“One critical mistake is neglecting to thoroughly clean the property between guest stays. Inadequate cleaning can be one of the main reasons for a negative review and a decrease in bookings,” says Aaron Carpenter. “We avoid this by creating a comprehensive cleaning checklist that covers all areas of the property, from bedrooms and common spaces to outdoor areas. We highly recommend hiring professional cleaners who specialize in vacation rentals to ensure a consistent level of cleanliness and sanitation. Additionally, always perform quality checks after each cleaning to ensure the property meets the highest standards before guests arrive.”

8. Engage with the community

“As a first-time rental manager, dive into your local community by teaming up with neighborhood spots like restaurants, coffee shops, taxi services, handymen, cleaners, florists, tour guides, and local artisans,” says Zach Vavak, owner of Lake of the Ozarks Airbnb Vacation Rental Property Management by Grand Welcome. “Celebrate their successes and give them a chance to shine by promoting them to your guests. Get involved in local networking groups like BNI, and share your connections generously to build meaningful partnerships. Become a bridge, bringing local businesses together with your guests and homeowners, and enjoy the growth and unity that follows.” 

9. Provide guests with local recommendations

“To maximize income and success from your rental property, make sure that you provide excellent local recommendations, address issues and requests quickly, maintain a flawless property, and optimize pricing and strategy,” says Steven Brown, owner of Breckenridge Airbnb Vacation Rental Property Management by Grand Welcome. “With hard work and smart management, you can operate a top-performing vacation rental business as a hands-on manager.”

10. Know what your reviews mean

“The number and quality of guest reviews have a significant impact on future bookings and rates,” says Steven Formica, owner of Beaver Creek Airbnb Vacation Rental Property Management by Grand Welcome. “Historical data shows that occupancy and ADR begin to fall below area averages at 4.6 and below. Similarly, hosts with ratings above 4.9 (“Super host” status on Airbnb) or properties at or above 4.9 (“Guest Favorite” on Airbnb) earn as much as 30% more than standard hosts.” 

11. Factor in the weather

“Managing your first vacation rental can be both exciting and challenging. One tip I’ve learned is to always account for the unique aspects of your location and weather,” says Simon Kouhana, owner of Hollywood Beach Airbnb Vacation Rental Property Management by Grand Welcome. “Here in Florida, hurricane shutters and humidity control are essential. Ensuring these are well-maintained can save you a lot of headaches and keep your guests comfortable year-round. Remember, attention to detail can turn a good stay into an unforgettable experience!” 

12. Set clear expectations with your guests

“As a first-time vacation rental manager, you should always set clear expectations with your guests,” recommends Niyi Olumide, Owner of Galveston Airbnb Vacation Rental Property Management by Grand Welcome. Ensure your rental listing contains pictures that accurately represent the property and be sure the property is clean and free of clutter prior to a new guest arriving.

Another great way to set clear expectations is by sending clear check-in instructions to your guests prior to their arrival, checking in on them during their stay, and follow up for feedback after checkout. Clear communication with empathy could be all it takes to receive a positive review from a guest even if the stay was less than perfect due to circumstances beyond your control.” 

13. Walk through your property like a guest

“Put yourself in the position of the guest – walk through the property and use every appliance, open every drawer, turn on the TV and browse channels/apps,” says Luke Brannon, owner and president of Orange Beach Airbnb Vacation Rental Property Management by Grand Welcome. “If the property is not intuitive and functioning well for you, it won’t function well for your guests either. Aside from saving you from surprise emergency calls, this will ensure a better experience for your guests. This will lead to better reviews, higher revenue, and happier homeowners.” 

14. Always keep your guest in mind

“You want to set yourself apart from all of the other companies and maintain a five-star status?  Focus on creating a top-notch guest experience by putting yourself in their shoes,” says Corie Thompson, Owner of Gulf Shores Airbnb Vacation Rental Property Management by Grand Welcome. “Have several eyes on the property before a guest arrives to make sure it is spotless and guest-ready. Communicate with each guest during their stay to get ahead of any issues they may have before they check out and leave you a review. Most guests appreciate that there is someone out there that cares about their experience and someone they can call if there is an issue.”

15. Spend time at the property

“As a first-time rental manager, spending time at the physical property can greatly simplify your management tasks,” shares Ian Vogt, Assistant General Manager of Destin Airbnb Vacation Rental Property Management by Grand Welcome. “By familiarizing yourself with the property’s nuances and potential issues, you’ll be better equipped to handle any challenges that arise.”

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After a long day at work, you finally arrive at your apartment in New York or condo in Jersey City. You’re ready to kick off your shoes, relax, and unwind, but when you reach for your keys, you realize they’re nowhere to be found. Panic starts to creep in, but don’t freak out—staying calm is your best bet for solving the problem. Speaking of problem-solving, this  ApartmentGuide article is full of tips to help you navigate what to do when locked out of your apartment.

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What to do when locked out of your apartment

1. Double-check for an unlocked entry 

It might sound obvious, but before you start making calls or looking for other ways in, double-check all the potential entry points. Walk around your apartment and try every door and window. Sometimes, in our haste, we forget that we may have left a window slightly ajar or a backdoor unlocked.

2. Contact a roommate or family member 

If you share the apartment with roommates, your first call should be to them. They might be able to come home quickly, or at least give you an estimated time of arrival. If you live alone, consider calling a trusted friend or family member who might have a spare key or be nearby to offer assistance.

3. Call the landlord or property manager

Most landlords or property managers have a spare key for situations like this. Give them a call, explain your situation, and ask if they can come by to let you in. Keep in mind that some may charge a fee for after-hours assistance, so it’s good to be aware of any policies they might have.

4. Reach out to a neighbor 

If you have a friendly relationship with a neighbor, they might have a spare key or at least be able to offer a place to wait while you figure out your next steps. Some apartment buildings have a community-oriented atmosphere where neighbors look out for one another, making it easier to ask for help in a pinch.

5. Use your phone to search for a solution 

If you have your phone with you, it can be a lifeline in this situation. Search for local locksmiths, check if your building has a 24/7 maintenance service, or see if there are any nearby businesses that might offer a temporary solution, like allowing you to make a call or wait in their space.

6. Try using a credit card or similar tool 

If your door has a simple spring bolt lock, you might be able to use a credit card or another thin, flexible tool to slide the latch open. This method isn’t foolproof and doesn’t work on deadbolts, but in some cases, it can save you from having to call in professional help. Be careful not to damage the lock or door frame, as this could lead to more problems down the line. Here’s how to do it: 

  • Use a card you don’t mind damaging, like an old gift card.
  • Slide it between the door and the frame, just above the lock.
  • Angle the card towards the handle and wiggle it to push the latch back. As you move the latch, gently push the door

7. Remove the doorknob 

If you’re locked out and have access to basic tools, removing the doorknob can be an effective way to get back into your apartment. Here’s how to do it:

  1. Gather tools: You’ll need a screwdriver, usually a flathead or Phillips, depending on your doorknob.
  2. Locate the screws: Find the screws holding the doorknob in place. They’re usually on the interior side of the door, but some may be hidden under a decorative plate.
  3. Unscrew the doorknob: Carefully unscrew the screws until the doorknob comes loose. You may need to remove both sides of the doorknob to release the latch mechanism.
  4. Remove the latch: Once the doorknob is off, you should be able to slide the latch out of the door or manually retract it to open the door.

This method can be useful, but be careful not to damage the door or lock mechanism. If you’re unsure, consider calling a professional to avoid any potential issues.

8. Call a locksmith 

If you’ve exhausted other options, it’s time to call a professional locksmith. While it’s an additional expense, a locksmith can get you back inside quickly and without damaging your property. Make sure to call a reputable service, as locksmith scams do exist. A quick online search or a recommendation from a friend can point you in the right direction.

9. Consider waiting it out 

If you’re not in a rush and it’s during daylight hours, you might decide to wait until someone with a key comes home or your landlord is available. If the weather is nice and you’re in a safe area, this could be a less stressful option, especially if you’ve called someone and know help is on the way.

How to prevent from getting locked out of your apartment again

1. Know your management’s or buildings’ locked out policy 

If your building has a leasing office, they may be able to assist you during business hours by letting you in with a spare key. However, after-hours, you might be on your own, so it’s important to know the options available. 

Additionally, your lease agreement should detail the process for replacing lost keys or changing locks, which could involve fees or specific requirements. Familiarize yourself with these policies to be better prepared in case of a lockout.

2. Create a routine for your keys 

Developing a consistent routine can significantly reduce the chances of forgetting your keys. Make it a habit to always place your keys in the same spot when you come home, like a key hook by the door or a specific pocket in your bag. Before leaving your apartment, do a quick check to ensure you have your keys in hand. This simple routine can save you from the hassle of a lockout.

3. Invest in a smart lock

Smart locks offer a modern solution to the traditional key. With a smart lock, you can unlock your door using your smartphone, a keypad, or even a fingerprint. Some smart locks also allow you to grant temporary access to guests or service providers. While they can be more expensive than standard locks, the convenience and security they offer make them a worthwhile investment.

Just be sure to check with your landlord before installing one, as some may have specific requirements or restrictions regarding changes to the locks.

4. Hide a spare key in a secure location 

If you prefer to stick with a traditional lock, consider hiding a spare key in a discreet, secure location outside your apartment. Avoid obvious spots like under the doormat or a flowerpot—these are the first places someone might look. Instead, get creative and find a place that’s not immediately obvious but still accessible to you in an emergency.

For example, you could place a magnetic keyholder under a metal railing or tuck the key inside a weatherproof container and bury it near a distinctive rock in your garden. Another option could be hiding the key behind a loose brick. Alternatively, you can leave an extra key in your car, hidden in the glove compartment.

5. Leave a spare key with a trusted neighbor or friend 

Another option is to leave a spare key with a trusted neighbor or nearby friend. This way, if you find yourself locked out, you can simply give them a call for help. Make sure the person you choose is reliable and someone you feel comfortable relying on in a pinch… Also, make sure they won’t lose the key either.

6. Use a keychain with a tracker 

If you’re prone to misplacing your keys, consider attaching a tracker to your keychain. Devices like Tile or Apple AirTag can help you locate your keys quickly using your smartphone. This can be especially useful if your keys tend to get lost in your home or office rather than outside.

7. Opt for a keyless entry system 

Some apartment buildings offer keyless entry systems that use a fob or a card instead of a traditional key. If your building has this option, consider upgrading. Keyless systems are convenient and often come with backup options like a keypad or app access, further reducing the risk of a lockout. If your building doesn’t currently offer keyless entry, it might be worth discussing with your property manager to see if they would consider upgrading. 

Source: apartmentguide.com

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Do you want to learn how to make money donating plasma? Plasma is the liquid portion of your blood and is important for many functions in the body. Plasma helps people with all kinds of medical conditions and can be a life-saving act, which is why there are hundreds of donation centers around the United…

Do you want to learn how to make money donating plasma?

Plasma is the liquid portion of your blood and is important for many functions in the body.

Plasma helps people with all kinds of medical conditions and can be a life-saving act, which is why there are hundreds of donation centers around the United States paying people to donate their plasma. 

In this article, I’ll go over how to make money donating plasma, and you will learn:

  • What is plasma
  • How much you can get paid for donating plasma
  • Where to donate plasma
  • Who is and is not eligible to donate plasma
  • How long it takes to donate plasma

Recommended reading: How To Make $50 A Day

How To Make Money Donating Plasma

Below is what you need to know about making money donating plasma.

What is plasma?

Plasma is the liquid part of your blood. It is mostly made of water but also has proteins, electrolytes, hormones, and waste. Plasma’s job is to carry nutrients, hormones, and waste to and from cells. It helps keep blood pressure and pH balance in check. Plasma also carries antibodies, which help keep your immune system strong.

How much do you get paid to donate plasma?

The amount you get paid for donating plasma varies depending on where you’re donating plasma. Also, some donation centers will give bonuses for first-time donors or for people who donate a certain number of times.

On average, donors can receive between $20-$50 per donation session.

What is the plasma donation process?

Donating plasma is pretty easy and has just a few steps. First, you need to pass a health check to make sure you can donate (I’ll explain this more later). If you pass, you can start donating. You’ll sit in a comfy spot where you can watch Netflix, listen to music, or use your iPad or phone.

Then, a needle is inserted into the vein in your arm and blood gets drawn into a machine. This machine separates plasma from other blood components and then sends the remaining blood components back to your body. The process takes about 1-2 hours and donors are provided with fluids and snacks to get their energy levels back.

Who can donate plasma?

To be eligible to donate plasma, you must:

  • Be in general good health
  • Weigh at least 110 pounds
  • Be between the ages of 18-69
  • Pass a health screening
  • Not have HIV or Hepatitis

Who cannot donate plasma?

Not everyone can donate plasma. You aren’t eligible to donate plasma if you have:

  • Tested positive for HIV/AIDS, Hepatitis, or other blood-borne infections
  • Recently gotten surgery, received a blood transfusion, or gotten tattoos or piercings in a specific timeframe
  • Have high blood pressure, low iron levels, are pregnant, or breastfeeding

Best Places To Make Money Donating Plasma

Here are 5 places you can donate plasma.

1. CSL Plasma

CSL Plasma is one of the common donation centers and you’ve likely seen one in your neighborhood. To get started donating with CSL Plasma, you need to bring a photo ID, social security card, and proof of residency (a piece of mail postmarked in the last 60 days, current lease, or utility bill will work).

You also want to make sure you drink plenty of water, eat a meal, and get a good night’s sleep before your visit. You can check here to find the closest donation center near you.

Benefits of donating through CSL Plasma include:

  • You can get up to $100 for your first donation (depending on the location)
  • Your payment is loaded to a prepaid card and can be used right away
  • Free WIFI while completing the plasma donation

With over 300 CSL Plasma locations, you’ll likely find a donation center near you. If you cannot find a CSL Plasma center in your area, try out the other donation centers listed below.

2. BioLife Plasma Services

BioLife Plasma Services is a plasma donation center that pays donors for their plasma.

To get started donating with BioLife, sign up on their website to become a donor. This is where you’ll create an appointment for your first donation session. At your first appointment, you will go through a health screening where your vitals will be measured, and receive a brief physical exam.

BioLife is a little different from other plasma donation centers because this company also has a loyalty program. This loyalty program rewards frequent donors and provides ways to earn points toward rewards like gift cards, charitable donations, or additional funds. You can earn points by donating plasma, referring other donors, donating seven times in one calendar month, donating for three consecutive months, and donating for six consecutive months.

3. Grifols Plasma

Grifols Plasma is a plasma donation center with over 300 donation centers in the U.S.

To get started donating plasma at Girfols, you will need to fill out a form here and learn about the donation process, including the eligibility criteria. At your first donation, you need to bring a photo I.D., social security card, proof of current address, and a list of medications you’re taking.

All Grifols Plasma locations have free WIFI access for donors, so you can watch Netflix or browse the web while donating plasma. Grifols has a few tips for successful plasma donation including:

  • Limiting caffeine on the day of donation
  • Not drinking alcohol the day of or the day before the donation
  • Drink at least 12-24 ounces of water 60 minutes before your donation
  • Avoid foods high in saturated fat (burgers, chips, pizza) the night before your donation
  • Avoid tobacco use
  • Get a good night’s rest the night before

4. Octapharma Plasma

Octapharma Plasma is a popular plasma donation center with over 190 locations around the United States.

Octapharma Plasma works similarly to the other plasma donation centers mentioned above. Octapharma Plasma also has a loyalty program called OctaRewards to entice donors to donate plasma. This rewards program lets you earn points for donating plasma, referring your friends, reaching new status levels, having a birthday, and more. Your points are eligible for free gift cards.

Find your local Octapharma Plasma donation center by entering your zip code here.

5. DonatingPlasma.org

DonatingPlasma.org is not a donation center, but a website where you can find all kinds of plasma donor resources and locations to donate plasma. With over 1,000 plasma donation centers in the United States, you can probably find a plasma donation center near you.

Find a plasma donation center near you by entering your zipcode here.

Frequently Asked Questions

Below are common questions on how to make money donating plasma.

How much money do you get for donating plasma the first time?

The amount of money you make from donating plasma for the first time depends on the donation center. Also, different donation centers have promotions going, so you need to check that as well. First-time donors may expect to make anywhere between $20-$100 for their first donation.

Is donating plasma a good way to make money?

Donating plasma can be a good way to earn extra money while also helping out your community. You can donate plasma up to twice a week, which can provide a steady source of side income. 

Who pays the most for plasma? 

CSL Plasma and BioLife are the most popular plasma companies and are known for giving the most money to donors. These donation centers may also give bonuses to first-time donors, frequent donor rewards, and other special promotions. 

How often can you donate plasma?

There are rules to how often you can donate. In the U.S., you can donate 1 time in 2 days and up to twice a week. This is because your body needs time to replenish plasma levels.

This means if you donate on Monday, you can’t donate again until Wednesday or after. 

Is it safe to donate plasma twice a week?

The FDA recommends donating at most twice a week. If you donate plasma more than this, you may experience side effects like fatigue and dehydration.

What would disqualify you from donating plasma? 

Certain things will disqualify you from donating plasma including having medical conditions like HIV, Hepatitis, or other blood-borne infections. Recent tattoos or piercings within the last 12 months can also make you ineligible for donating plasma. Low or high blood pressure, low iron levels, and certain medications can make you ineligible for donation. 

What are the downsides of donating plasma?

The downsides of donating plasma include potential dizziness, lightheadedness, fatigue, and dehydration. This is also a time commitment that takes 1-2 hours each time you donate plasma. If you don’t like needles, that’s another downside.

Does donating plasma hurt?

Donating plasma feels similar to getting your blood drawn for routine labs or donating blood. When the blood is returned to your body, you might feel a tingling sensation.

How long does it take to donate plasma?

Donating plasma takes about 1-2 hours each time, with the first appointment for a new donor being the longest because of the initial health screening and paperwork.

Does the American Red Cross pay for plasma?

The American Red Cross does not pay donors for plasma donation. Instead, they focus on blood donations and do not compensate donors for this donation.

Why do you get paid for plasma, but not blood?

Donating plasma needs special equipment and takes more time, so centers pay donors for their plasma. Blood donation is simpler and doesn’t need as many resources, so it’s easier to get volunteer donors.

How To Make Money Donating Plasma – Summary

I hope you enjoyed this article on how to make money donating plasma.

The best places to donate plasma include CSL Plasma, BioLife, Grifols Plasma, and others listed above. These donation centers have made it as easy as possible to get started donating plasma and pay you quickly.

Donating plasma is a great way to help other people in your community, so that’s another bonus!

Are you interested in donating your plasma for money?

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Source: makingsenseofcents.com