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Answers (3)
- Scott Shinn, "Scott Shinn"
- Contributions:40
Ask a local realtor to give you a Comparative Market Analysis containing all the listings leased in your area in the past six months. You will be able to see the details and prices on all the previous rentals as well as what is currently on the market. From there you just find the comparable homes and you've got your price.
- Cheryl Talbot Real Estate, "Virginia Beach Homes"
- Contributions:674
The rental market works much like the sales market in that there are data bases which tell you what any given home is renting for. You an find out through the local mls or through a local realtor. The information is part of the mls data base and can be a great benefit when trying to determine rental values. I would try there first. Thank you for your question.
- Ed Lyon, "Newton EcoBroker"
- Contributions:21
There are many factors that determine rent, just as in sales pricing. You will need to do a little market research by looking at online sites for similar style of home with similar updates. Local papers, craigslist, and local realtor opinions can all be gotten easily and will help you set a value. Across the country many people try to use a rule of thumb that states 1% of market value as monthly rent, but I don't believe that calculation works very often in the general Boston metro area, as home prices are just so high it skews the calculation.
How much can i rent my house for
3 bed 21/2 bath 8 years old
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