Rent Calculator Ng Tao

Rent Estimate Formula:

\[ \text{Rent Estimate} = \text{Average}(\text{Comparable Philippines Rents Adjusted for Features}) \]

Comparable Rent 1 (PHP):

PHP

Comparable Rent 2 (PHP):

PHP

Comparable Rent 3 (PHP):

PHP

Features Adjustment (%):

Rent Estimate (PHP):

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1. What is the Rent Calculator Ng Tao?

The Rent Calculator Ng Tao estimates rental prices in the Philippines by averaging comparable rents adjusted for property features. It provides a realistic assessment of rental values based on local market data.

2. How Does the Calculator Work?

The calculator uses the following formula:

\[ \text{Rent Estimate} = \text{Average}(\text{Comparable Philippines Rents}) \times (1 + \text{Features Adjustment}) \]

Where:

Comparable Rents — Recent rental prices of similar properties in the same area
Features Adjustment — Percentage adjustment for special features (positive or negative)

Explanation: The equation calculates the average of three comparable rents, then adjusts for unique property features.

3. Importance of Rent Estimation

Details: Accurate rent estimation is crucial for both landlords (to price competitively) and tenants (to avoid overpaying). It helps establish fair market value.

4. Using the Calculator

Tips: Enter three comparable rents in PHP, and any feature adjustments as a percentage (-10% to +10% typical). All values must be valid positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find comparable rents?
A: Check local classifieds, real estate websites, or ask property agents for recent rental prices in your target area.

Q2: What features should I adjust for?
A: Consider adjustments for amenities (pool, gym), condition (new vs old), location (near transport), and size differences.

Q3: How many comparables should I use?
A: Three is the minimum, but using more (5-7) will give a more accurate estimate if available.

Q4: Does this work for all Philippine cities?
A: Yes, but ensure comparables are from the same city/neighborhood as rental markets vary greatly by location.

Q5: How often should I re-estimate?
A: Rental markets change, so re-estimate every 6-12 months or when significant market changes occur.