Every owner who has bought an apartment in Hurghada dreams of renting out an apartment at a high price — and this is feasible. The cost of rent in Hurghada is based on the status of the house, its location, proximity to the sea and the availability of beaches. These factors are difficult to correct, but there are others that any landlord can use to increase the rental price.
Apartments for rent: seasonal features
In the segment of residential real estate rental, there are very rarely large recessions — of course, except for the last months of the pandemic, but this situation is rather exceptional. However, despite the high demand in ordinary years, there is always seasonality — it is especially relevant for apartments located in ordinary buildings without swimming pools and security.
In order to profitably rent an apartment from the owner, you should choose the right moment for the start of its exposure. The most «bread» months are considered to be September and October, as well as May and summer months. In summer, the city is filled with vacationers, as well as major religious holidays fall during these months, at this time it is profitable to rent apartments for rent. This means that you can safely offer a slightly higher rental rate than at other times of the year.
How expensive is it to rent an apartment: repair issues
Before renting out a home, it is necessary to carry out cosmetic repairs there. Many people mistakenly believe that the abundance of expensive furniture will make the home more «expensive» and attractive. In reality, this is not the case.
It is important that the bathroom and the kitchen are in perfect condition, it is good to fill the kitchen area with high quality household appliances — to purchase not only a stove and a refrigerator, but also a dishwasher, a coffee maker, etc. Put a washing machine in the bathroom. Such items do not belong to the elements of luxury, but they give comfort and coziness.
The storage system is also an important point, and we are not talking about dusty cabinets and closets, but about clean free spaces for things. If there are additional meters, they can be turned into a dressing room. As for furniture, it is better to choose neutral shades — no kitsch, baroque or rococo. And, of course, it is better to avoid multi-layered suspended ceilings, shiny surfaces and heavy curtains — for a long time such details have not been associated with luxury life. Minimalism, ergonomics, versatility, neatness are in fashion today. A seasoned paint color for the walls, an oval solid wood table, chairs in the style of the 60s, a solid color sofa in a deep shade of green, blackout curtains — the perfect solution for the dining room.
Manufacturability and «not daring» design will create the most pleasant impression about your apartment. Another important point is filling the space with details that form comfort. And it’s not a lot of figurines in a dusty sideboard. These are green plants, ferns hanging from the ceiling, a hand-made shelf made of an old ladder, a wicker hanging chair on which you can swing like on a swing.
Think about which apartments are expensive to rent? Those that attract the eye, where you want to stay longer. The main thing is that it looks stylish and neat, with a slight touch of carelessness, but ideally clean and modern.
It is very important to create a high-quality ad so that the housing is on display for as little time as possible (after all, every week is a serious loss of funds). For this, you can use professional photographs with light color correction, video presentations. And, of course, you need to be smart about creating text accompaniment — it should reflect all the advantages of an apartment.
Think about who you want to rent your apartment to? If this is a family, then tell us about the good ecology of the area, the proximity of schools and kindergartens, infrastructure. If they come here on vacation — about the proximity of attractions and the sea, about restaurants and cafes. It is necessary to study the portrait of «your» tenant and proceed from his needs.
It is best to provide such a job to a professional realtor — after all, in order to rent an apartment at an expensive price, a person is likely to contact an agency, rather than looking for it on his own. So he will avoid risks and see the maximum of options. Sometimes, for renting an expensive apartment, separate business card sites, landing pages, and pages on social networks are even created.
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How to prepare an apartment for rent
Since there are many more apartments on the current market than those who want to rent them, it is necessary to prepare the property for delivery. This is quite simple if you have a new property or have just completed renovations.
But if the apartment has been rented for a long time or a family with children has lived in it for a long time, and they have not reached the point of a thorough renovation, then you have to work hard:
First: to free the apartment or room from unnecessary and unnecessary things for you, and even more for your tenants, things — rugs, vases, napkins, artificial flowers, «lame» chairs, blankets of 10 years ago. Remember, the apartment you are renting is not a place where things that are not needed are put together, but it is a pity to throw it away.
Second: wash windows and floor, wash curtains curtains, screw in bright bulbs, glue and touch up what is lagging or peeling.
Third: special attention to common areas. Wash stubborn dirt on the refrigerator and stove, in the toilet and bathroom.
Ask your agent to tell you what else you need to do so that the apartment does not stagnate.
And, of course, the price. It has to match the market. If you cannot evaluate yourself, heed the advice of a specialist, because he makes a conclusion guided not by emotions, but by the analysis of prices in the market.
For any questions regarding the choice of real estate FOR RENT in Hurghada, you can always consult with our specialists who have up-to-date information and will help you make the right choice
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