Finding the best value for renting an apartment is like playing with fire. It is important to find a balance to satisfy the two sides.

The price should be acceptable for the guest and the most beneficial for the owner of the property. If the tenant overcharges when determining the cost of renting an apartment, he risks losing customers and blunts the potential interest of tenants. By lowering the price, the property owner does not receive a decent financial benefit. In order to find out which price is relevant today, you should monitor prices on the market, compare your housing with other options and find the average market value.

Read more:: How is a rental agreement drawn up?.

How not to overestimate or underestimate the cost of rent?

In order to understand how to calculate the cost of renting an apartment, you need to objectively evaluate your housing and answer a number of questions:

• Does the apartment have all the necessary furniture? For example, if a dilapidated apartment in Khrushchev has only a bed, a table and two chairs, this may be enough. Then at rental of luxury apartments in Kyiv people expect to receive the full complex. In addition to basic interior items, you need a coffee table, a sofa, plant stands, floor lamps, bookshelves, a bar counter and other elements.
• What is the condition of the plumbing and communications? Are there any problems with gas, water, heating? Is the internet done?
• What is next to the proposed housing? Are the main services and establishments within walking distance? Can you find restaurants, kindergartens, schools, parks, bakeries, supermarkets, veterinary clinics, parking lots nearby? Is there a good transport interchange? For example, Capital Lipki real estate agency takes care to offer its customers accommodation in proven locations. The company's specialists do not compromise when choosing between location, quality of repair and safety. They take a comprehensive approach to the comfort of the guests.
• What are the individual characteristics of the house? Is the security system well thought out? Is soundproofing good? What is the ceiling height?
• How many rooms are in the apartment? What are the individual features of the layout? How big are the rooms? Is there a balcony

What costs should be considered when renting an apartment?

When a homeowner calculates the price of renting an apartment, it is important for him to think not only about his personal benefit, but also about the secondary costs of the apartment, which should be included in the rental price:

• Security and cleaner. If such a service is provided by a residential complex, you need to include the item in the rental price.
• Upcoming potential renovations. From time to time, it is necessary to carry out cosmetic repairs or replacement of plumbing, money should be allocated for this in advance. Since an unexpected breakdown can imply high costs.
• Cleaning services after the eviction of tenants who rented apartments for a long time.
• Utility payments and their distribution. It is worth prescribing in detail in the contract which payments the guest will make and which are included in the cost of the contract.