Enchanted Realms Rulebook
Real Estate
Purchasing property is a difficult thing. Interest rates are around 2% monthly with a third to half collateral for loans. Even then, mortgages rarely run under 50 years. Even when someone is willing to buy an entire lot or home in cash, the seller will typically add a 5-year mortgage for the final 10% to ensure it is being used for the purpose stated in the contract. More than one legal battle has ensured over breach of contract, not because of failure of payment, but failure of declared intent, whereby damages often reach close to the amount paid to date, sometimes more.
While there are no real estate agents per se, it is not uncommon to have a pitchman or bank representative for the owner, as owners are often away and unable to manage the sale. Further, one quick note on the sale of a manor: if purchasing one, a minimum of 5 acres will be included.
Also, concerning boarding rooms. There are basically two forms. The first is a double occupancy where each pay around 35 bits per month. The other is a single room, which obviously costs more. Traveling priests, when no temple is available, and other types often use boarding when having business in a location for a few weeks or even perhaps a few years. However, this is a considered short-term rental agreement. Most other agreements are for long-term or life rental of a homestead.
| Item | Quality | At Source | Local Market | Money Down | 50-yr Month | Maintenance |
|---|---|---|---|---|---|---|
| Bungalow, 300 sq-ft | Common | 2400 | 2640 | 500 | 24 | 9 |
| Casita, 500 sq-ft | Good | 4200 | 4620 | 1200 | 56 | 10 |
| Cottage, 1000 sq-ft | Good | 9000 | 9900 | 3000 | 100 | 12 |
| Townhome, 1500 sq-ft | Fine | 14,000 | 15,400 | 4500 | 175 | 15 |
| Villa, 2000 sq-ft | Fine | 19,200 | 21,120 | 8000 | 225 | 18 |
| Chateau, 2500 sq-ft | Fine | 25,000 | 27,500 | 12,000 | 250 | 24 |
| Mansion, 3000 sq-ft | Fine | 30,000 | 33,000 | 15,000 | 300 | 30 |
| Manor, 5000 sq-ft | Fine | 55,000 | 60,500 | 30,000 | 500 | 60 |
| Land, Farming (1 acre) | Good | 300 | 330 | n/a | n/a | |
| Land, Estate (1 acre) | Fine | 500 | 550 | n/a | n/a | |
| Rental, Bungalow 300 sq-ft | Common | 20 | 30 | n/a | n/a | |
| Rental, Casita, 500 sq-ft | Good | 30 | 45 | n/a | n/a | |
| Rental, Cottage, 1000 sq-ft | Good | 60 | 75 | n/a | n/a | |
| Rental, Townhome, 1500 sq-ft | Fine | 90 | 120 | n/a | n/a | |
| Boarding Room (1 month) | Common | 35 | n/a | n/a | n/a | 2-occ |
| Boarding Room Private (1 month) | Good | 60 | n/a | n/a | n/a | Single occ |