There are many reasons why a certain condo unit, no matter how lovely, is not being rented out. A lot of owners are being surprised when they find out that there are other units, that are sub-standard than theirs, which are being leased in matters of days. If you have listed your Bangkok condos for rent for a long time now and have not gotten a positive response, it is possible that you are doing it wrongly. Since Bangkok\’s popularity in terms of development and growth is increasing, it is really questionable why are you not able to get someone to lease a space from you. With so many Bangkok condos for rent that are successfully being rented out every day, it is really puzzling why yours is not moving. Here are some points that you may want to ponder on to know where you might be doing it wrong.

Pricing

Normally, rental charges fall around seven percent of the purchase value of the unit. Since you need to deduct the common area charges, maintenance fee, and other varying fees, the net rental charges normally falls within five to six percent of the unit\’s total value. Now, that is a good value for the landlord, however, that is something worth considering for the tenant. Since service apartment will most probably costs the same as that of your Bangkok condos for rent and will only be tad cheaper than hotel accommodation, it will be a much better choice to stay in a serviced apartment or hotel if this is the case. So, before pricing your unit, make sure that you\’ve check what is the on-going rate so that you can compete with other units being offered in your area.

Location

In any real estate property, location is what makes one better than the other. A location value will constitute so many things. Of course, on a wider perspective, location in terms of the exact address of the building has a value. Even if your address says Bangkok, the \”which part of Bangkok\” is very important. Another important factor in terms of location is the vicinity and the community. Safety is somehow part of this. If the condominium is in an area that seems to be prone to criminal activities, there is no way that you can highly-price your property. Also comes with the location is the actual position of the unit inside the building. The most common questions with regard to these are: Which floor? Facing what? Is it a sunset or a sunrise unit? What is the view?

The condominium and the unit

The condominium, the developer and the administration plays major roles in pricing your unit. The facilities and services in the building are also great factors when determining the price of the rent. The interior of your unit and the furnishing are also deal breakers when it comes to the lease. Other factors like ventilation, air conditioning, fire safety and security are also some of the concerns that will be raised by your potential tenant.

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Category: Real Estate
Keywords: bangkok condos,unit inside,sunrise unit