The dream of owning your own property is part of everyone’s plans, but for various reasons, mainly economic, many people can not achieve this goal and resort to renting.

Although the demand for renting is great, many landlords have difficulties or doubts on how to calculate the price of a property they intend to rent, because the pricing is influenced by some factors.

Therefore, Plano Urbanismo brings in this text some tips on what to consider when setting the rental price of your property and take advantage of the great demand in the market. Read on and check it out! 

 

What to consider when setting the rental price? 

Having a property for rent is a great alternative investment and extra income, but you may be one of those who have doubts about how much to charge on rent, so check out below the main points to consider to define the ideal value of the property. 

 

Region

Knowing the region of the property is essential for setting the price of the property. This includes the safety of the location, transportation, traffic, neighborhood, etc.

You can do the research through websites, advertisements, and real estate portals that will give an average price of the rents in the region, whether residential or commercial.

 

Time of use

The time of use and age of the property also influence the rental price, because very old properties can generate greater problems and costs, such as renovations, causing a devaluation of the place.

On the other hand, newer properties are more valued for having better conditions, besides being more modern and adaptable to the user’s demands. 

 

Renovation and maintenance needs

This influences the price, because older properties generate higher expenses with maintenance, such as electrical and plumbing, and reforms such as painting, changing floors, etc.

Thus, if the tenant bears these costs, consequently the price of rent must be much lower. If he does not bear these costs but the landlord does, the price must still be evaluated on the other factors. 

 

Size

It is common that the larger the property, the higher the price charged. However, it is also necessary to balance the size and age of the property or condition and time of use.

In addition, it is also important to analyze the infrastructure of the property, if it has a good number of bedrooms and bathrooms according to the size of the house, and other differentials such as 24-hour reception in cases of condominiums, elevators, party room, etc. all of this increases the price. 

 

Property tax and condominium value (if applicable) 

It is very important to consider the price of IPTU and condominium when setting a price, because some amenities can increase the condominium fee, consequently increasing the price of rent.

 

Evaluate the property 

To value the property, it is common to calculate a percentage of the overall value of the property. This percentage is usually around 0.3% and 0.5%.

That is, if the house costs R$200.000,00, the rent will be between R$600,00 and R$1.000,00.

If you want to realize the dream of owning a property, Plano Urbanismo can help you. We are a company that has been in the market for more than 20 years, helping many people to make the dream of owning their own property come true.

We have qualified professionals to facilitate your achievement, with fair prices and comfortable properties for you to enjoy. 

 

Click here right now to know our services!