Let’s look at how to calculate the right rental price for your property.
Check out the local area
While not all properties are the same, researching the local market is the first step towards finding out how much rent to charge.
Does your property have a USP?
Factors such as outside space, private parking, modern fittings and proximity to transport and amenities will impact the amount of rent you can charge.
Don’t get greedy
Yes, the demand for rental properties is currently high. However, it’s worth remembering that tenants are extremely savvy and will have done their own research.
Cover your expenses
Ensure you’ve accounted for all your expenses, such as mortgage payments, service charges and everything else.
Use an experienced letting agent
An experienced agent can provide you with an accurate rental valuation, market your property, organise viewings and save you a lot of time and hassle.
If you need a rental valuation, contact us today.