What is your property really worth?
Establishing the actual rental price of your property is essential in gaining the best possible result for letting your investment property. It also requires a great deal of local knowledge and research.
A property rental appraisal should be a written report stating a price or price range that a home is likely to rent for in today’s market. A professional property rental appraisal must take into account similar properties close by that have leased recently and properties that are currently on the market for rent that will form competition for the subject property. Other factors that should be taken into account are recent market movements and general economic factors.
It is important that an appraisal is conducted properly and responsibly as in most cases the appraisal result is used by owners and their Property Manager to set a rental price for the property. Setting the correct price is one of the most critical elements in any properties marketing campaign. If it is set too high it will scare renters away causing a long vacancy period, if it is set too low the ultimate result will not capitalise on the properties true value.
First National Real Estate Cairns Beaches office is part of one of Australia's largest real estate networks and is ideally positioned to assist you with appraising & letting your investment property.
Please complete the form below to request an appraisal.