The rent is the single most important decision in letting. A figure set correctly lets the home quickly; one set wrongly either leaves it empty or ties you to a low income for years.
What comparables are and how they are chosen
Comparables are homes in the same area, of similar size, age and features, let recently. A good comparison looks at the rents actually achieved, not at asking prices.
Even in the same complex two flats command different rents: the floor, the aspect, the view, how close the lift is and whether it is furnished all change the figure. That is why the building and the flat matter when choosing comparables, not the street.
The hidden cost of holding the price too high
Say the market rent for your home is a certain monthly figure. Ask ten per cent more and the home may stand empty two months longer. Two months empty costs more than that ten per cent over a whole year.
Time standing empty is not only lost rent: the service charge, DASK and property tax keep running, and the home goes uncared for.
How the deposit and service charge affect the figure
The deposit is not part of the rent; it is security and is returned at move-out. Asking for a high deposit narrows your pool of tenants.
Who pays the service charge directly affects the rent. If it is high and falls to the tenant, it pulls your rent expectation down. Allow for this from the start.
Requesting a valuation
Comparing your own estimate with an expert view gives confidence both in the bargaining and in the decision. A rental valuation weighs the rents achieved in the area together with the features of the home itself.
You can request a rental valuation from Konutkent Gayrimenkul inside the application form; it is not a separate process and there is no extra charge.
Related sections of this guide
- I want to let my home: the process from start to finish
- How is a rent increase applied and what is the limit?
- How much should the deposit be and when is it returned?
Terms from the glossary
We are beside you on this
As Konutkent Gayrimenkul we run the letting of your property with you from start to finish: rental valuation, listing, tenant meetings, contract and handover. You can ask your questions by telephone or fill in the application form.
0312 240 51 51
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