1. What is the Rent Calculator?

The Rent Calculator estimates rental prices in the Philippines by averaging comparable rents adjusted for property features. It helps determine fair market rent for properties.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Comparable Philippines Rents — Actual rents of similar properties in the same area
• Feature Adjustment — Percentage adjustment for property features (positive for better features, negative for worse)

Explanation: The calculator averages 3 comparable rents and adjusts for differences in features between properties.

3. Importance of Rent Estimation

Details: Accurate rent estimation helps landlords price competitively and helps tenants ensure they're paying fair market rates.

4. Using the Calculator

Tips: Enter 3 comparable rents in PHP, and a percentage adjustment for features (e.g., +10% for better features, -5% for worse features).

5. Frequently Asked Questions (FAQ)

Q1: Where can I find comparable rents?
A: Check online listings, ask local real estate agents, or research similar properties in the same neighborhood.

Q2: How do I determine feature adjustments?
A: Adjust based on differences in size, amenities, condition, and location compared to comparable properties.

Q3: What's a typical adjustment percentage?
A: Adjustments typically range from -20% to +20%, depending on feature differences.

Q4: How many comparable rents should I use?
A: 3-5 comparable rents provide the most accurate estimate, though this calculator uses 3 for simplicity.

Q5: Does this work for all Philippine cities?
A: Yes, but ensure comparables are from the same city/neighborhood for accurate results.