What is the best rental price for my property?

What is the best rental price for my property?

In Belgium, landlords are free to decide at what price to rent their property. To determine a good rental price, it is best to take into account a number of things:

Surface area

Obviously, you can ask a higher rent for an apartment with more than 1 bedroom and a large living area than for a studio.

State

If the house is in perfect condition, with high quality materials and certain technological gadgets, you will also be able to ask a higher rent. Good insulation is also an important factor.

Location

The rent will also depend on the location of your property. Is it centrally located? In the center of a city? In the countryside? Is the property easily accessible? Is it a trendy neighborhood? 

Garden/terrace

If the property has a nice terrace or garden, the price (especially in cities) will be able to be a lot higher. 

Garage/parking space

If a garage or parking space is included in the price, it may also be a lot higher.

Furnished

The rent may also be higher if the property is furnished.

Elevator

For example, for an apartment on the 4th floor without an elevator, you can ask a lower rent than an apartment in a building where there is an elevator. This makes it more attractive given the higher location in the building (lots of light, nice view).

Conclusion

The trick is to find a good balance since too high a price will attract few people and too low a price will not yield enough return on your investment.