5/2/2023 0 Comments Rental unit calculatorOur rental valuation calculator is based on last known rental prices sourced from industry data and inflation figures but we still recommend getting a professional valuation to use for sale, purchase or letting a property. How is the rental value of my property calculated? If you’re including all appliances and it’s fully furnished, you may be able to charge a slightly higher rent than if you’re letting it completely unfurnished.Īs well as checking our rent per month calculator, it’s a good idea to talk to local letting agents to get a feel for the rental market in the area, and to see how much landlords letting out comparable properties are charging. You’ll also need to decide whether you’re going to let out the property furnished or unfurnished. For example is it close to public transport, schools, shops, and parks? The closer you are to amenities, the more your property is likely to appeal to tenants. Although our rental price calculator serves as a good guide, it’s important to bear in mind that the actual amount you’ll be able to charge will depend on several different factors. Our monthly rent calculator can give you an idea of the typical rent in your area. It can be especially tricky if you’re just starting out as a landlord, or if you’re renting out a property that’s not been on the market for a long time. If you own a property you’re planning to let out, working out how much rent you should charge your tenants isn’t always easy. How much rent should I charge my tenants?
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