Rental questions
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A difficult qn because depends on tenant. For private, tenants usually will ask all to be done up neatly first. Private with designer decor can fetch 15-30% more.
Anyway can't really comment on HDB as I don't own any.zeedoo:
I have a question for the landlords, especially hdb flat landlords : How much additional rental are tenants, on average, willing to pay for a \"renovated\" flat vs one which is not?
The flat in question is a 30-year old 5-room flat next to a MRT station. The floor tiles are the old ones from Day 1, relatively old-fashioned but in good condition nonetheless. The cabinets are more than 10 years old but also in good condition.
Should we just go for a paint job or should we spruce up the flat more? Would more extensive renovation attract much higher rental rates? If say the market rate is $3k for a unrenovatedK flat, would the renovated one draw
$3.1k, 3.2k...?
Would appreciate your sharing. Thanks! -
zeedoo:
I think they will be more concern with if its fully furnished or semi furnished. Difference can be up to $500I have a question for the landlords, especially hdb flat landlords : How much additional rental are tenants, on average, willing to pay for a \"renovated\" flat vs one which is not?
The flat in question is a 30-year old 5-room flat next to a MRT station. The floor tiles are the old ones from Day 1, relatively old-fashioned but in good condition nonetheless. The cabinets are more than 10 years old but also in good condition.
Should we just go for a paint job or should we spruce up the flat more? Would more extensive renovation attract much higher rental rates? If say the market rate is $3k for a unrenovated flat, would the renovated one draw
$3.1k, 3.2k...?
Would appreciate your sharing. Thanks! -
May I know what are the items that should be provided for the apt to be considered fully furnished? Besides the fridge, washing machine, beds, sofa, dining table, study desk, wardrobes, what else are expected? Would tenants expect curtains, bedsheets, fans, kitchen appliances like kettle, etc? Thks
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zeedoo:
May I know what are the items that should be provided for the apt to be considered fully furnished? Besides the fridge, washing machine, beds, sofa, dining table, study desk, wardrobes, what else are expected? Would tenants expect curtains, bedsheets, fans, kitchen appliances like kettle, etc? Thks
If i can recall correctly, its fridge, washing machine, bed with mattress, sofa, tv, dining tables and chairs, wardrobe and stove.
Are u going thru an agent? They have a list of items. U also need to service the aircon and keep the service record. -
Dreamgear:
Thanks for the heads up, but what's the service record to be used for?zeedoo:
May I know what are the items that should be provided for the apt to be considered fully furnished? Besides the fridge, washing machine, beds, sofa, dining table, study desk, wardrobes, what else are expected? Would tenants expect curtains, bedsheets, fans, kitchen appliances like kettle, etc? Thks
If i can recall correctly, its fridge, washing machine, bed with mattress, sofa, tv, dining tables and chairs, wardrobe and stove.
Are u going thru an agent? They have a list of items. U also need to service the aircon and keep the service record. -
Not really a service record but a air-con service contract for the duration of the tenancy where the air-con is serviced every 4 or 6 months.
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zeedoo:
Thanks for the heads up, but what's the service record to be used for?[/quote]To establish that when u handed over, the aircon is in working condition. Your tenant will have to get a service contract for the aircon, to service to aircon regularly.Dreamgear:
[quote=\"zeedoo\"]May I know what are the items that should be provided for the apt to be considered fully furnished? Besides the fridge, washing machine, beds, sofa, dining table, study desk, wardrobes, what else are expected? Would tenants expect curtains, bedsheets, fans, kitchen appliances like kettle, etc? Thks
If i can recall correctly, its fridge, washing machine, bed with mattress, sofa, tv, dining tables and chairs, wardrobe and stove.
Are u going thru an agent? They have a list of items. U also need to service the aircon and keep the service record. -
Dreamgear:
Curtains are usually required, even for \"semi-furnished\".zeedoo:
May I know what are the items that should be provided for the apt to be considered fully furnished? Besides the fridge, washing machine, beds, sofa, dining table, study desk, wardrobes, what else are expected? Would tenants expect curtains, bedsheets, fans, kitchen appliances like kettle, etc? Thks
If i can recall correctly, its fridge, washing machine, bed with mattress, sofa, tv, dining tables and chairs, wardrobe and stove.
Are u going thru an agent? They have a list of items. U also need to service the aircon and keep the service record.
However, bear in mind that the more items you provide, the more issues you have to deal with regarding repairs etc.
My other experience is that the lower the market segment the rental is in, the more picky/troublesome the tenant is likely to be... -
zeedoo:
Most tenants just want a nice, bright apartment. This means, the important rooms are the kitchens and the bathrooms. If these are in poor condition, you may need to do them up or take a much lower rent. Luckily, they can now be done up for not too much money if you remember to be pragmatic.I have a question for the landlords, especially hdb flat landlords : How much additional rental are tenants, on average, willing to pay for a \"renovated\" flat vs one which is not?
The flat in question is a 30-year old 5-room flat next to a MRT station. The floor tiles are the old ones from Day 1, relatively old-fashioned but in good condition nonetheless. The cabinets are more than 10 years old but also in good condition.
Should we just go for a paint job or should we spruce up the flat more? Would more extensive renovation attract much higher rental rates? If say the market rate is $3k for a unrenovated flat, would the renovated one draw
$3.1k, 3.2k...?
Would appreciate your sharing. Thanks!
New wall/floor tiles can now be pasted on without having to hack the old ones off. This is important because it means not having to redo waterproofing, wires and pipes etc. New kitchen cabinets with laminate finish does not cost too much. Try to get a hard wearing synthetic counter top and make sure the countertop and backsplash is one piece. Tenants have a tendency to splash water all over the place and you don't want a countertop that allows water to seep in easily from the back and ruin all the cabinets in a year or two.
As for the other parts of the flat, unless the floor tiles are popping up, usually a fresh coat of light coloured (ideally white or off-white) paint on the walls will do. After each tenant, you will only need to do one coat of whitewash. -
Dreamgear:
I have never bothered with the service record. I do however agree to pay for repairs/maintenance issues within the first month of the tenancy. After that, it's the tenant's responsibility. So far, tenants have found it fair.zeedoo:
Thanks for the heads up, but what's the service record to be used for?
To establish that when u handed over, the aircon is in working condition. Your tenant will have to get a service contract for the aircon, to service to aircon regularly.
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