Rent Estimate Formula:
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The Mid-Term Rental Estimate calculates an appropriate rental price for medium-term rentals (typically 1-12 months) in Germany based on comparable properties adjusted for specific features and location factors.
The calculator uses the following formula:
Where:
Explanation: The calculation adjusts the base comparable rent based on property features and location within Germany.
Details: Proper rent estimation is crucial for attracting tenants while maximizing rental income. Mid-term rentals in Germany require careful pricing as they fall between short-term and long-term rental markets.
Tips: Research comparable mid-term rentals in your area. The feature adjustment should reflect special amenities (like furnished status, parking, etc.). Location factor accounts for regional price differences.
Q1: What's considered mid-term rental in Germany?
A: Typically 1-12 month rentals, often furnished apartments popular with expats and business travelers.
Q2: How do I find comparable rents?
A: Check platforms like Wunderflats, HousingAnywhere, or local real estate portals for similar properties.
Q3: What features affect the adjustment factor?
A: Furnished status, appliances, parking, balcony, modern renovations, and amenities like WiFi or utilities included.
Q4: Are there regional differences in location factors?
A: Yes, Munich and Frankfurt have higher factors than smaller cities. Rural areas typically have lower factors.
Q5: How often should I update my rent estimate?
A: Review every 6-12 months or when market conditions change significantly.