We provide a free rental appraisal of each property we manage, every 12 months. We also offer free rental appraisals to any new clients who are thinking about coming on board with Marceve.
To request a free, no-obligation appraisal of your property, simply fill out the form below and one of our property managers will be in touch.
How do we determine the value of your rental property?
Our experienced property managers look at the unique features of your property and compare it with similar properties to generate an accurate, up-to-date assessment of its fair market rent.
Here are some of the factors we take into account when looking at your property.
Recent market trends
Each suburb has its own mini-trends. We always start by comparing the rents of similar advertised properties in your area and how they’ve changed over the past 12 months.
Bedrooms
The number and size of bedrooms is one of the first things people look. The more useable rooms, the higher it’s worth as a rental.
Bathrooms
Ensuites, separate toilets or multiple bathrooms can raise the price of a rental as they make the home a lot easier to live in.
Location
Properties in good locations attract higher rents. With an ever-changing urban landscape, appraisals need to be carried out yearly to ensure your property is accurately priced.
School Zoning
The reputation of local schools can have a significant influence on rents, with parents willing to pay more in order to get their children into particular zones.
Sun
Good sun makes for warmer homes, better moods and higher rents. If your property offers plenty of sunshine and natural light, it will be worth more than a similar but shady home.
Condition
Good impressions count – literally. We pay careful attention to condition of fixtures and fittings when deciding what your property is worth (and so will your prospective tenants).
Parking
A garage or off-street parking is increasingly hard to find, especially in central locations. Tenants are often willing to pay a premium for the added convenience and storage space.
View
Properties that have elevated, sweeping views go for higher rents. Typically, the most sought after views include the ocean, hills and mountains, and the city at night.
Outdoor Space
Private outdoor areas such as gardens, courtyards, or balconies. The more attractive the property becomes, often justifying a higher rental price.
Need an appraisal our team is here to help.
An up-to-date rental appraisal of your investment property can be extremely helpful in a number of situations. If you’re experiencing any of the following, our appraisal team is here to help.
Buying a Property
When purchasing a new investment property, your bank will likely request a current rental appraisal. This appraisal is crucial to demonstrate that the rental income will help offset mortgage payments, giving the bank confidence in your investment.
Selling a Property
An accurate rental appraisal can enhance the appeal of your property to potential buyers, whether they are investors looking for rental income or owner-occupiers considering future leasing opportunities.
Changing Tenants
Understanding your property’s market rental value allows you to maximize returns while setting a fair price. This helps attract tenants quickly and reduces the risk of long vacancy periods.
Every 12 Months
The rental market is constantly shifting, and rents should be reviewed annually. As a Wolfbrook Property Management client, you receive a free rental appraisal every 12 months to ensure your property remains competitively priced.
Refinancing Your Investment Property
If you plan to use your property’s equity to purchase another property or fund renovations, a recent rental appraisal can strengthen your position when negotiating with the bank.
Raising Rents
If rising costs are affecting your rental property’s profitability, a rental appraisal can help determine if there is room for a rent increase, ensuring your property is achieving its maximum potential return.
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