Rental values are influenced by a large variety of factors, an important factor being the layout of bedrooms within the property.
We recently rented two properties in Newtown that were very similar in house design, the only difference being in one property 3 bedrooms were separated by a bathroom or hallway, unlike the other property, which had 3 bedrooms all directly next to each other. This slight variance in house design resulted in the first property being let for $100 more in rent than the other property.
Our experience in Wellington has shown us that houses with similar house designs and location do not necessarily receive the same rent. The layout of bedrooms in the overall house design can be a significant factor that influences the properties rent value and profitability, as tenants usually prefer bedrooms to be separated by other rooms or a hallway to reduce noise and allow more privacy.
We find the 3 aspects of bedroom design that most affects rent are size, equality of size and separation.
If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.
We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.
If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.
Quinovic Johnsonville | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Hutt Valley | Wellington
Call Helen Vance - 027 487 8103
Quinovic Kent Terrace | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Wellington Property Management