Rental Appraisal

Get a Rental Appraisal for your home.

Are you considering renting out your house in Canberra? The first thing you’ll want to know is how much rent can I get for my property. By having a Rental Appraisal conducted on your home, you can assess whether it’s worth upgrading your investment or finding a tenant immediately.

As an agent with over 25 years of knowledge renting out houses in Canberra, our Principal, Peter Tolhurst is more than happy to conduct a free in-home Rental Appraisal for all property within the ACT border.

You'll get the statistics

With each rental appraisal, we carefully evaluate your property against similar homes that have been recently rented on your street and suburb. You’ll get the data around current tenancy activity, conditions and supply vs. demand of houses similar to yours.

Discover the best Renting method

Whether it’s upgrading certain aspects of your rental property or finding a tenant ASAP; we’ll help you make the right decision for your investment. Having a detailed strategy and plan ensures you can start renting out your home for the best price.

ADVICE ON Renovations that increase Rent

As an agency run by a licensed builder, we’ll give you insight into renovations that will increase weekly rent on your investment. From a new outdoor deck to security upgrades, you’ll get a detailed report.

What do we look at during your Rental Appraisal?

Location of your rental property

Location is very important in deciding the ideal rental value of a house. A rental appraisal of a property in Canberra’s inner suburbs is usually higher than a similar investment home located a long way from the City.

As well as the closeness to main shopping centers; access to public transport, popular schools and corner stores or places of interest also play a major role – but this doesn’t mean a lot of people don’t prefer renting a house in quieter areas.

In general, the closer you are to places people want to go, the more desirable your home will be to potential tenants.

Energy efficiency upgrades that lower bills

With costs for power and heating bills rising sharply, tenants in Canberra are becoming even pickier with the energy efficiency of their potential rental home, with bill-cutting extras such as solar panels and double-glazed windows being highly sought after.

Other features such as insulation in the walls and roof are also in demand however it’s important to note that unless you have a new Energy Efficiency Rating completed inbetween tenancies, you’re not allowed to use this when advertising your property for rent.

Usable living and storage space

Dwelling size is another factor that decides the rental value of your house. If you have more useable space in terms of square metres than other recently tenanted homes, your rental appraisal will often end up being higher.

Although rental value is calculated based upon how much space you have which can be utilized, areas that can be used for storage – such as basements or attics, is also calculated into the rent appraisal.

Landscaping and appeal from the street

Two rental properties of  the same condition and size will be priced differently according to their street appeal.

Landscaping that’s attractive and useful for entertaining guests and a front garden your tenants can show off to their guests is always a good way to improve your rental value.

Total number of bedrooms and bathrooms

More bathrooms and bedrooms in your property means it can support bigger families or groups of people. 

With a greater number of bedrooms, renters are willing to pay more each week. Any seasoned Real Estate agent or Property Manager will compare your investment home with other properties that can accomodate a similar number of tenants.

Overall condition of your rental property

Condition of the rental, particularly the appearance of the interiors weigh heavily in a rental appraisal.

A recently built home in top condition will attract more rent than an older property needing new paint and carpets.

If there are several similar rentals in your area, the house that has been recently renovated will attract more interest and therefor demand a higher price on the rental market.

Appearance of the kitchen and overall usability

Many tenants enjoy kitchens that offer easier access to cooking and the ability to make their own health food, so renters with a passion for the culinary arts are always willing to pay more for a top-notch kitchen.

Modern appliances, lots of bench top space and good amounts of pantry storage are highly sought after by any aspiring “Master Chef”.

That magic "WOW" factor

It comes as no surprise that a rental property with the “WOW” factor attracts tenants who are willing to hand over top dollar in rent each cycle.

Breath taking architecture, a fresh coat of paint with a modern colour palette or maybe even a new big screen TV are all examples of things that might give your home extra appeal to a tenant.

Features such as attractive blinds or curtains through to ceiling-height windows that allow plent of light into the property can all be very impressive to those looking to rent long term.

Location of your rental property

Location is very important in deciding the ideal rental value of a house. A rental appraisal of a property in Canberra’s inner suburbs is usually higher than a similar investment home located a long way from the City.

As well as the closeness to main shopping centers; access to public transport, popular schools and corner stores or places of interest also play a major role – but this doesn’t mean a lot of people don’t prefer renting a house in quieter areas.

In general, the closer you are to places people want to go, the more desirable your home will be to potential tenants.

Energy efficiency upgrades that lower bills

With costs for power and heating bills rising sharply, tenants in Canberra are becoming even pickier with the energy efficiency of their potential rental home, with bill-cutting extras such as solar panels and double-glazed windows being highly sought after.

Other features such as insulation in the walls and roof are also in demand however it’s important to note that unless you have a new Energy Efficiency Rating completed inbetween tenancies, you’re not allowed to use this when advertising your property for rent.

Usable living and storage space

Dwelling size is another factor that decides the rental value of your house. If you have more useable space in terms of square metres than other recently tenanted homes, your rental appraisal will often end up being higher.

Although rental value is calculated based upon how much space you have which can be utilized, areas that can be used for storage – such as basements or attics, is also calculated into the rent appraisal.

Landscaping and appeal from the street

Two rental properties of  the same condition and size will be priced differently according to their street appeal.

Landscaping that’s attractive and useful for entertaining guests and a front garden your tenants can show off to their guests is always a good way to improve your rental value.

Total number of bedrooms and bathrooms

More bathrooms and bedrooms in your property means it can support bigger families or groups of people. 

With a greater number of bedrooms, renters are willing to pay more each week. Any seasoned Real Estate agent or Property Manager will compare your investment home with other properties that can accomodate a similar number of tenants.

Overall condition of your rental property

Condition of the rental, particularly the appearance of the interiors weigh heavily in a rental appraisal.

A recently built home in top condition will attract more rent than an older property needing new paint and carpets.

If there are several similar rentals in your area, the house that has been recently renovated will attract more interest and therefor demand a higher price on the rental market.

Appearance of the kitchen and overall usability

Many tenants enjoy kitchens that offer easier access to cooking and the ability to make their own health food, so renters with a passion for the culinary arts are always willing to pay more for a top-notch kitchen.

Modern appliances, lots of bench top space and good amounts of pantry storage are highly sought after by any aspiring “Master Chef”.

That magic "WOW" factor

It comes as no surprise that a rental property with the “WOW” factor attracts tenants who are willing to hand over top dollar in rent each cycle.

Breath taking architecture, a fresh coat of paint with a modern colour palette or maybe even a new big screen TV are all examples of things that might give your home extra appeal to a tenant.

Features such as attractive blinds or curtains through to ceiling-height windows that allow plent of light into the property can all be very impressive to those looking to rent long term.

We are very satisfied clients of Peter’s real estate agency (for property purchases, sales, and property management of all our rental properties) over the past 15+ years since 2002.

Both Peter (and Jane who deals with property management) are very hard-working people who can be trusted to be concerned with details, and they are reachable at all times.

Hea Liaw

Property Management Client

Book in a time for a free, no obligation Rental Appraisal

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A local, Canberran agency you can trust.

As one of the ACT’s best Real Estate Agencies, we’ll go above and beyond to make sure you’re satisfied.

Whether it’s meeting you after hours, giving you expert advice on maintenance and renovations or providing an exceptional service with no hidden charges, we’ll make sure you get the Real Estate experience that your property deserves.

No Hidden Fees

We don’t believe in keeping secrets, which is why we promise that regardless of whether you’re selling or renting here in Canberra, all fees will be explained up front.

After Hours Service

As our lives grow constantly busier with work and other commitments, it can be hard to find the time to talk. That’s why we offer our clients true after-hours service.

Licensed, In-House Builder

With access to an unbiased and fully licensed builder, you’ll get the best maintenance and renovation advice in Canberra. We use our knowledge to keep the tradies honest.

Want to learn more? Request a callback from the team.

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