My husband and I are preparing to put our house on the market for rent. This home is special to me because it is not only the address I have had since relocating back to Mobile ten years ago, but it is also the inheritance my parents gave to me during one of the darkest and most difficult times in my life.
It is the home where my husband and I have lived since we married three years ago and began the work of blending a family. These 1200 square feet have been the proving ground of learning the hard lessons of love when there is not enough space for everyone's clothes or even for everyone to have their own room.
As we prepare to enter the next season of our lives, this house will serve as a source of income for our family in our new home. To this end, we are investing over $5,000 into this house to make it nice for the next family that will lease it from us. From upgraded electrical, a new porch and new interior flooring to fresh paint throughout, we are putting a lot into this space to ensure that it accommodates the next family as it has us this past decade.
In listing the house, we are requiring a $1,500 deposit on the property. This is standard protocol for rentals, and we did it to ensure that people renting from us would take care of our investment, if only to protect their own.
Today, we received a call from a young lady inquiring about the property. After some inaudible conversation in the background, her first words to me were, "Why yo' deposit so high?" My first thought was, "To keep people like you out of my property", but my response instead was, "Because it's my home and my investment and I can charge what I want, " to which she replied, "Never mind. Thank you." followed by the proverbial click.
As I pondered that interaction, I began to translate that situation to other areas of life.
Many times we are pressed about our standards, our beliefs, our ethics. We are asked, "Why do you believe this?" or "Isn't your beliefs or values excluding others?" I have learned that we have a right to believe and hold ourselves to a higher standard because our investment in ourselves is at stake.
Whether it is your product, your service or your intellectual property, don't cheapen it because it makes others uncomfortable. You have spent years honing your craft, perfecting your product, and investing in your knowledge base. Don't devalue it by allowing others to set your worth. If you desire to be a premium brand with a niche market, own that space and make a product or offer a service worthy of that price tag. But don't let someone else tell you what your price tag should be.
I require a deposit on my home because I value it and have made an investment in it that shows that value. What are you doing to reflect your value?