Find out if you are paying your rent fairly

If you found the apartment or house that meets your expectations, but you are in doubt as to whether the rent is being charged honestly, this article will certainly help you to resolve this doubt.

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There are some practical attitudes that can be taken to make this clearer, for example: did you stop to notice if other properties similar to this one, in the same neighborhood, have very different values? Know that this and other aspects must be taken into account in order to reach a conclusion.

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Is there any rule for me to know if the value is fair or not?

In theory, the general rule that used to circulate is that the rent value should be 1% of the value of the property, but it is a logic that has been falling 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 is important to say that this only serves to give an idea about the subject, since, in practice, the real estate logic follows many other factors, that is, size of the property, age, conservation, location, finish, number of rooms, vacancies of garage, leisure, etc. Therefore, take a look at our tips to try to understand if the rental value of that house or apartment you are looking for is fair:

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What is the location of the property?

Many people don't know, but two properties in the same neighborhood can have very different rental prices. This is because it is necessary to take into account which points they are close to: bus and subway access routes, commercial structure, supermarkets, bakeries, parks/leisure, etc. Even the position of the property in relation to the street – whether it is on a slope or not – and whether the neighborhood is calm or noisy influence this final value!   

Fair rent values


Experts say that the rent amount can be decisive when closing the contract for a property. Finding a price that is fair so that all your needs are met 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, finishing.

Analyze the age of the house or apartment

Did you know that the age of the property can also influence the monthly rent price? You see, the logic is simple:

According to the current rule, old apartments or houses generate a greater need for maintenance. And therefore, they make the rent at a cheaper level.

Now, when the property is new, the maintenance risk is lower. As a result, landlords can charge a premium for space.

It is also important to understand that the conservation of the property itself and the condominium (when this is the case) still counts for a lot in this negotiation.

Doubts? Leave your comment!

 

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