Hey Riva. I can share some tips on how to fix rent for house. I have two houses which have been given on rent and I did quite some research to set the rent for both places. So, what I did was first study the market around for similar properties. Like, since I was renting out a 2 BHK, I looked at 2 BHKs with similar amenities in the same locality with similar carpet area.
What this did was I was able to get an average of the rent and why some houses were rented out at higher rates than others. Once I had the range, I saw what the standout features in my house are. Is there something that sets my home apart from those homes? If yes, I can set a little higher rent than the range and would also be able to justify it.
Another thing I did was look at the kind of tenants that were renting the place. Tenants who have a higher spending capacity, like ones with families, are a better option in my opinion. Also, if your property is near colleges or offices, your rent should match that demand.
Find Verified Tenants with Site Promotion with a Free Ad on NoBroker!
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
You must take into account market rates for similar other properties in your neighborhood, including factors like size, location, and amenities, to find out a fair rent for your home in India. I had the same question, how to fix rent for house, a few months ago. So, I asked my friend, a real estate advisor, about the same. He said setting a fair and competitive rent for a home requires careful consideration. He also shared the tips which I added below for you.
How to Determine the Rental Value of Your Property?
Here are the tips my friend shared with me to find out the exact rent.
To get the average rent value, he asked me to look into the local rental market for comparable properties right now.
When determining the rent, take into account the property's location, size, amenities, and of course its condition.
Take into account the costs of property ownership and maintenance of the property.
He also said you can charge more if there is a high demand for rental properties and a low supply.
You must modify your rent to reasonable rent. It draws in tenants if the rental market is oversaturated.
He clearly said to avoid charging too much for your home because this may turn off potential tenant’s interest. I followed these processes, and it helped me to get the tenant easily.
Avail NoBroker Owners Relax Plan and Get Tenant Faster without Brokerage Also check:How to Calculate Monthly Rent Payment?
NoBroker Relax Plan Reviews
How to Fix Rent for House?
Riva77
192 Views
2
8 months
2025-04-29T16:33:51+00:00 2025-05-10T12:30:36+00:00Comment
Share