Rent estimation: how to set the right price?

Estimating the amount of rent is a delicate operation: many criteria must be taken into account, including that of the market, but also of the law governing them in tense regions

 

Setting the right price for rent depends on several factors, including the size of the property, the location, the state of real estate in the area, and the amenities available. Here are some key things to consider when setting the right price for rent:

1. Research the local real estate market: find out the average prices for properties similar to yours in your area. You can consult websites specialized in rent estimation, such as Seloger, Leboncoin or PAP.

2. Consider amenities: Amenities such as a full kitchen, modern bathroom, or parking space may justify a higher rent. Also consider the condition of the property, renovation work can also impact the amount of rent.

3. Evaluate the location: properties located in areas well served by public transport, close to shops and services, and/or in pleasant neighborhoods may justify a higher rent.

4. Take the charges into account: the charges (water, electricity, heating, internet, etc.) may or may not be included in the amount of the rent. It is therefore important to define the amount of the charges and to mention them in the rental contract.

5. Consider legal requirements: It is important to ensure that the rent complies with the rules and laws in force. In France, the law regulates rents in particular through the rent control system or the rent reference index (IRL).

Finally, remember that the amount of rent must be fair to the landlord and the tenant. Set a price that will cover your expenses and generate a satisfactory return, while remaining attractive to potential tenants.