How To Improve Rental Yields
Rent is one of the most talked topic and the new happenings related to this topic are the hottest news on the counter for people. It is very difficult when a person has to compromise his salary for paying the rent of the house he is staying in. The rental places are increasing in every city but the rent is not budging even one percent. The benefits that a person gets from the lending his house on rent is something that is not growing but yet the rent of the house is touching the sky. If you are searching rented house in Bangalore and fortunately have found one then be sure to talk everything clearly with the owner of the house for many people living on rent have lots of problems these days.
The rental yields are the percentage of the rent to the price of the house. Here the main concern of all the owners of the house is that the other fields have strong amount of yield but when it comes to rental yields it is not more than two or three percent making the owners sad. With some more mixing of gross domestic product and net domestic product you get the final rental yield on the rented properties in cities in India. The rental yields as mentioned above are calculated by dividing the amount of rent by the price of the property. So the rate of return is actually indicated by these yields. Hence they play such an important role in determining the cost and the returns.
The situation of India is not a good one as the rental yields in this country is lesser than those in developing also developed cities and countries. The situation can be understood by reading news and reports launched by the officials about this from around the world. One can simply not take this as a good sign to hold a property in this country. Yet the worst is coming from the underdeveloped cities which are not yet grown or stabilized to have good rental yields yet. Comparatively cities like Delhi, Mumbai and Bangalore have a good percent. So if you are searching rented houses in Bangalore or in Mumbai then you should be sure of doing it right now as the percent rate could fall anytime.
There are some ways that you ca still keep your house brand new and higher the rent for your house. All you need to do is just give some time to the house and make sure that you take good care of it while you are still living in the place. If the house is found in bad conditions then you will not get the price that you are expecting from the house. But if you do then you can be sure of receiving the desired price. The maintenance of the house is very important in such situations. You should take care of the very small things in the house like not letting the floor crack or not letting the walls of the house get dirty. The paint should be new and should look nice when you are renting the place.
Your house has to speak for you and the price that you are asking for as one will not live in a house that looks bad and pay fifty thousand per month. He has to be convinced that the house is pretty and the house is worth the money. Hence taking care of things and regularly maintaining the house can be beneficial for you. When searching rented house in Bangalore go and check the condition of the house and decide for yourself.