The rental market is very active in Budapest during the whole year but especially summer time.
As the summer season starts, hundreds of future tenants are starting to browse real estate pages to find their new homes.
We collected some useful tips for landlords to help the preparation.
1. Set the right price
The price can be a crucial point once you are considering renting out your apartment.
Too high price can cause a long void period but to set too low price can cause loss as well.
It is worthy to ask a rental valuation from a professional agent who knows the market well; visited and rented out already hundreds of apartments.
You can request a free valuation here.
2. Target the right market
You have to choose your “target audience”. Different groups of people have different budgets and expectations.
However not all kinds of apartments are appropriate for all kinds of people. There are apartments typically good for students because of the layout or location. There are flats preferred by expats. To choose whom to target you need someone who has experience.
3. Get your apartment ready
The competition starts online: your property must be the most attractive one among the hundreds or thousands of ads on the internet.
A professional agent knows how to compose a high quality ad including the selection of the best eye-catching photos etc.
For more useful tips, read our former article on this topic:
Get ready for the high season – 3 tips for Landlords
+1 Be flexible
Purchasing a new TV or study desk cannot be the bottleneck if you have the right tenant. Naturally you don’t have to purchase everything what the tenant wishes during the lease but if you agree on a particular item as part of the deal, you can have a satisfied tenant. In addition, new items can raise the rental value of your apartment in the future.
Do you need professional advice? Feel free to contact us!
