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Rental comparables is a tool used to estimate fair market rental prices that a residential unit, with a given level of amenities and conditions, can expect to achieve.
Estimated rent in the SearchQ™ report is based on current rental data in the area as well as the home's structural features, neighborhood characteristics, and market conditions. The report also features a map to display most of the rental properties in the area along with advertised rental prices, living area square footage, number of bedrooms & bathrooms, and the distance from the subject property.
FAIR RENTAL MARKET PRICE EVALUATION
To get the best rental prices for both landlord and tenant, other factors should be considered in addition to the SearchQ™ estimated rent value.
Location: quality of the school district and the schools near by, distance to the freeway, average commute time, public amenities and local crime rate.
Home structure: year built, total square footage, number of bedrooms, bathrooms, livable conditions, garage size, backyard, finished basement, etc...
Amenities: kitchen and bath upgrades, master suites/tub, appliances & fixtures, floor cover and windows treatments.