How to determine the correct rent of your house in Islamabad?
You have a house in Islamabad are looking for the best deal to rent it out to a tenant? Well, this is one of the most common means by which you could take care of the unused property. But you don’t want the rent to be too high or too low otherwise you are going to either lose a tenant or lose money. So how do you determine the right rent for potential clients? There are some very easy ways that Plot for sale in Islamabad can apply. Well, you have come to the right place. Let us guide you how you can do it like a charm
- Do a survey of the neighborhood. Find out which houses are up for rent and how much those landlords are charging. It would give you a fair idea of the current trend related to the rent of a house in your area. To compare the house, make sure there are certain similarities like the number of bedrooms, number of bathrooms, new construction vs old construction, etc
- Some of the best means by which you can find comparable houses include a personal visit to see what offers are up, finding an online ad and using it or contacting an agent who knows the area well. As these means are the ones that people mostly employ to put the house up for rent
- After you have the idea of what the market is like in terms of rent compare your house to those. See where your house stands do. After you have carefully calculated this either increase the rent or decrease as compared to what the competitors are offering. Some of the factors that you might want to keep in mind and consider include:
- The size of the house which can be measured in square feet.
- The area of the house which may be in the region that is more likely to attract tenants or is it in a remote location.
- Facilities that are being provided are also a major factor. Which appliances are installed, furnishing, etc?
Create a marketing plan
Take some professional photographs to make your house look best. The higher the listing photos quality the more the renter willing to pay. Listing your rental house on online real estate websites such as Gharbaar will help you to reach a large number of potential renters.
Meet and screen potential tenants.
Typically, the first thing renter will want to do is to visit your house. This is a great opportunity for you as meeting them will let you know whether they are suitable tenants or not. Ask tenants to provide you with at least three references. This will help you to know whether your tenants are reliable or not.
Look for Issues with electricity and plumbing
Make sure that all utilities are properly working such as lights in all rooms are operational and there are no clogs or leaks in the plumbing. You should also change the door locks to maintain the tenant’s safety. These are very important to ensure no complaints from tenants. Remove all your personal belongings from your house and collect the security deposit and first-month rent before handing over the keys to tenants
Document your rental and protect their security deposit.
This is a very important step after Shop for sale in Islamabad have decided on tenants. Write a rental agreement as this will ensure that tenants will show compliance in understanding the required obligations and rights.
This is your responsibility to guarantee the safety of your tenants. Remember no damage or injury should be caused to tenants as a direct result of your negligence.