If you've found the apartment or house that meets your expectations, but you're unsure whether the rent is being charged fairly, this article will certainly help you resolve this doubt.
There are some practical steps you can take to clarify this, for example: have you stopped to consider whether other similar properties in the same neighborhood have significantly different values? This and other factors should be taken into consideration when reaching a conclusion.
Is there a rule to help me know if the price is fair or not?
In theory, the general rule that used to circulate was that the rental value should be 1% of the property value, but this logic has fallen into disuse due to the transformations undergone by the real estate market in recent years.
Currently, it is more common to think that this percentage is between 0.5% and 1%; for example, if the property costs 100,000 reais, the rent can cost up to R$ 1,000.00.
It's important to note that this is only meant to give you an idea of the subject, since, in practice, real estate logic follows many other factors, such as property size, age, condition, location, finishes, number of rooms, parking spaces, leisure facilities, etc. So, take a look at our tips to try to understand if the rental price for that house or apartment you're looking for is fair:
Where is the property located?
Many people don't realize this, but two properties in the same neighborhood can have very different rental prices. This is because it's important to consider their proximity: bus and subway access routes, commercial facilities, supermarkets, bakeries, parks/leisure facilities, etc. Even the property's position relative to the street—whether it's on a slope or not—and whether the neighborhood is quiet or noisy can influence the final price!
Fair rental values
Experts say that rent can be a deciding factor when it comes to closing a property contract. Finding a fair price that meets all your needs is no easy task.
It is very important to say that the calculation of the value of the rent takes into account some items, such as size in square meters, number of rooms, conservation, finish.
Analyze the age of the house or apartment
Did you know that the age of the property can also influence the monthly rent price? Understand, the logic is simple:
According to current regulations, older apartments or houses require greater maintenance, and therefore, make rent cheaper.
Now, when the property is new, the maintenance risk is lower. Consequently, landlords can charge a higher price for the space.
It is also important to understand that the conservation of the property itself and the condominium (when applicable) still counts a lot in this negotiation.
Questions? Leave your comment!