Russians were told about ways to raise the cost of renting an apartment

A universal and practical renovation can raise the cost of renting an apartment by 10-20%. Alexander Bakhtin, investment strategist at Garda Capital, told about this on April 24 in an interview withГазетой.ги ".

"The rental price is mainly influenced by location (proximity to the city center and metro, for example). But if this cannot be changed in any way, you can raise the price tag only by repairing it. Universal and practical repairs "under the euro" (fresh light painting, minimal furniture), the availability of basic appliances and clean plumbing, as a rule, allows you to rent 10-20% more expensive," the expert said.

According to him, when renting out an apartment, it is necessary to know exactly the market value of the apartment. If the price is underestimated, the person risks not making a profit from the transaction, and if the cost is overestimated, the tenants are likely to move out quickly, finding the best option.

Bakhtin clarified that the market price should also be set in order to avoid downtime, which is a direct obstacle to generating income. The expert noted that the annual profit will be the highest if this rule is followed.

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Analysts at Razvitie Group told Izvestia on April 20 that the Russian rental market is experiencing an increase in activity: demand for residential rental continues to rise, as do the amounts rentiers are requesting from tenants. But many Russians still prefer not to buy housing and wait for a change in the economic situation in rented apartments.