How do you set the price of your rental?
Want to set a price for your rental but feel lost against the competition? StyQR gives you all the criteria.
A holiday rental is a genuine property investment, the aim being first and foremost to earn a worthwhile rental income. That said, you need to know how to find the ideal price. You are free to set that amount, but it is still best to take several factors into account, in particular your location and the time of year you let the property.
Your geographicallocationThe town or the neighbourhood in which your rental is located has a strong influence on the price of the nightly rate you can charge. Rents in tourist areas are indeed far higher. A room in the provinces is therefore not worth the same as a room in Paris, even if both have the same interior features.
The green spacesnearbyPlants do you good, both body and mind! Guests instinctively know this, which is why they often look for somewhere close by. So if your house sits on a mountain, next to a beach, a lake or a forest, that will have a direct impact on the amount of your rent.
What type ofproperty are you letting?We all know it! The square metre is rather expensive in France. The rent will therefore vary a great deal depending on whether you let a detached house, a villa, a chalet, a mobile home, a flat or a studio. What is more, the age of your property and its building materials add value and are also taken into account. Not forgetting the sleeping capacity: if the property is deemed able to accommodate several families, it will let for a relatively high price. Otherwise, it is best to keep the price reasonable.
The time of yearyou let the property
Careful, the time of year you let your property is crucial! A house by the sea will let for more in summer than in winter. Conversely, a chalet will command a higher rate in winter than in summer.
A quick reminder:
- Very high seasonfor the winter holidays:February.
- Very high seasonfor the summer holidays: from20 July to 20 August.
Finally, to set your rate, keep an eye on the prices of the competition, of similar properties, of nearby hotels, and so on. Take into account all the criteria listed above. Then adjust your offer to the demand you receive (the stronger the demand, the more you can afford to raise your prices)
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