Optimal rental price? - No problem

Many landlords are worried about the rent freeze, of doing something wrong when setting the rent. In fact, the rules vary greatly from region to region. But if you proceed with a system and a little know-how, finding the optimum rent is not that difficult. difficult. We have summarized the most important aspects for you here.

1. Does the rent freeze affect me at all?

Many landlords are unsure about how much rent they are still they are allowed to charge. This is because the so-called rent cap has tightened the existing rules tightened the existing rules once again. So far, however, it only applies in around 300 of the more than 11,000 municipalities in Germany. However, mainly in the conurbations and their suburbs, i.e. the densely populated metropolitan areas. metropolitan areas. So before you rent out your property, you need to find out find out whether it is located in a municipality with a rent freeze. You can find out whether the rent freeze applies in your municipality on the Internet. find out. If you prefer to play it safe, contact an experienced an experienced professional estate agent or contact the relevant authority directly.

1. Local comparative rent and rent index

What hardly anyone knows is that the still valid Economic Penal Code from 1954, which is still in force, stipulates that the local rent may not be may not be exceeded by more than 20 percent for new rentals. This This threshold has not changed even today. So in order not to exceed the limits, you must base your rent on the local comparative rent. comparable local rent. Problem: What is the customary comparative rent? Put simply, it is the rent that is usually charged for properties with comparable criteria such as type, size, type, size, condition, location and facilities in the municipality. How The rent index reveals how high the local comparative rent is. However, there are a few catches: first you have to research whether there is even a rent index for your municipality. You can find this out from your municipal or city administration, or a real estate expert in the region. Often only larger cities have a rent index. In addition, the local rent is not always the same as the rent actually achievable on the market. achievable rent on the market. The figures may be out of date. Since often only larger cities regularly and at short intervals produce a rent index at short intervals. If no rent index is available, you can also use the market rent. This is based on the principle of supply and demand.

1. Who pays your rent

Assuming you are stretching your legal options to the limit, this limits, this is not necessarily the optimum rental price. A high rent extends the time until you have found a tenant, considerably. For the months in which the apartment is not rented, you not only lose the rent, but also have to pay the service charges. also have to pay the ancillary costs. If you are unlucky, a tenant will move into your apartment only to look for a cheaper one. So you will soon again face the problem of having to find a new tenant. This will cost you you to market the apartment again - you may even have to not to mention the ancillary costs. So it's all about to find a realistic market price. As a rule, you can hardly find this out without many years of market knowledge. This is where professional estate agents can help you.

1. Optimizations

Rent increases are still possible despite the rent freeze, if the standard of the apartment is raised. Make sure you check whether your property is affected by milieu protection. This determines how far the standard may be raised. In principle, the following applies: If, for example, a heating system is installed in line with the latest requirements, underfloor heating or high-quality parquet flooring are installed, a proportion can be passed on to the rent. If a modernization at least a third of the value of a comparable new-build apartment you are even exempt from the rent cap. In any case, it is advisable to find optimizations that also benefit the tenant. also benefit the tenant. For example, additional parking spaces can be created for car or niches in the apartment building can be converted into additional converted into additional storage space.

To determine the optimum rental price, it helps to seek the advice of an expert. Because the correct assessment requires a lot of background of background knowledge, knowledge of the market and a lot of experience.

Are you unsure how to determine your optimum rental price? Please contact us! We will be happy to advise you.