If your house rent just got increased or you are on the market for a new house or apartment. You should read this. While rent prices are fixed based on the landlord’s or the developer’s discretion there are determinants that affect house rent decisions and they change over time.
So picking Kigali as a sample size, how do you determine if you are being overcharged for rent?
Current Rent Rate of the Apartment or House
If your rent just got increased, one of the ways you can figure out where you stand is by talking to your neighbors to know how much they got. Compare your rent with other buildings in the neighborhood and see how you can negotiate with the Landlord.
If you are just searching, one thing you should never neglect when inspecting a house or an apartment you are interested in is not talking to the tenant occupying the premises. Once you have been introduced by eMall Property agents to a co-tenant, establish a conversation about the environment and building, familiarize yourself with the charges paid.
If they can’t divulge their rent due to personal discretion, ask people in the neighborhood. This really helps to know if you are being overcharged or at least helps you make informed decisions.
Location
We could say this is the oldest determinant of rent as distinctions have always been made based on where you live. Still using Kigali as our sample size, there are several distinctions. We have the Nyarutarama, Gacuriro, Kiyovu, Kibagabaga, Rebero, etc.
Also, read https://emallproperty.com/top-10-places-to-stay-in-kigali/
So where do you live or plan to; an average rent on the falls around Rwf500,000-Rwf2,000,000 depending on the size of the apartment or house? The Nyarutarama, Kiyovu, and Gacuriro a relatively expensive compared to other places as it is home to the elite of the society and has a lot of new buildings which makes them pricey.
Market Force
Now, the demands for serviced apartments and house is high in Kigali due to urbanization, houses in the estate are hot cakes in the market. If your chosen location falls into that category then the chance you are paying a high rent due to the competitive market.
Unfortunately, the demand for houses is overwhelming and supplies are little to nothing due to the high cost of building and the economic situation.
If you are not enjoying the above service and your location doesn’t fall into the market hotspot then you shouldn’t be paying an out-of-pocket rent.
Condition of the Building
if you live in a well-maintained house or renting a serviced apartment you might likely be paying a little over others as this would reflect in your rental charges.
Irrespective of the location, some buildings just maintain standards, asides from the architectural structure that can’t be easily altered. The interiors may benefit from steady modern fittings and features.
eMall Property offers the best real estate deals and helps you to know more about Kigali zoning and pricing regulations in all aspects, therefore, if you want to rent a house or apartment we recommend you to visit our site https://emallproperty.com, email us [email protected] or call/WhatsApp us +250788385831 and we will be glad to satisfy your needs.
