Rent a Room in Islamabad
Even in the 21st century where there is a multitude of ways to invest your money in, think bitcoin, blooming IT businesses or interest accounts, owning a piece of land is still considered the most fulfilling investment with the best-anticipated returns.
If you’re one of those people who happen to own even some property in the largest metropolitan cities of Pakistan, consider yourself lucky. Whether its Karachi, Lahore, Peshawar or Islamabad, property prices have skyrocketed within the last decade seeing as much as a 500% rise in the prices and resale value of the land.
If you happen to own a house with a few vacant rooms, leasing the extra rooms on a market competitive rate is a great way to earn some extra cash and getting some help with covering the down payments and mortgages of the house.
In this article, we have put together a few benefits of leasing an extra room in your house through Rentable.pk. Let us get started:
Why You Should Rent a Vacant Room?
Suppose you bought or inherited a family home on a 1000 sq. yards span with over 6 bedrooms, 6 attached bathrooms and a lounge and kitchen. Let’s also suppose that you are a mere family of 4 people, who occupy enough space as needed. Wouldn’t it be a great idea if you can rent the other 2 vacant rooms for a good price?
Renting gives you the bonus of acquiring extra earnings out of your initial investment without having to sell or lose ownership. It is also a great way of utilizing all the unoccupied space and land that you have. It’s a bonus for both parties if you can acquire some cash out of it while lending the renting party a secure space to live in with the peace of mind that your space is being utilized to the best of its capacity.
According to recent rental rates, a one-bedroom with one attached bathroom can cost up to 15,000-55,000 PKR depending on the area of your locality in Islamabad and the maintenance of your property. This is surely a good amount of money to rack in if given the chance.
A Point To Ponder Upon:
But while renting may have a list of added benefits, it also comes with a few challenges of its own. For starters, as you are renting out a space of your land, you assume the title of the landlord. Landlords are under certain legal implications like collecting the rent and providing updations of the property as needed by the tenants.
This means that if the rooms are outdated, an initial investment of updating the bathrooms, the furniture and looking over the electrical connections will be needed.
If you’re someone who is in dire need of cash, this could come across as a setback but we like to think of this situation as an opportunity to renovate and beautify your property while still being able to utilize the benefits and the added income that comes along with it.
How To Use Rentable.pk to Rent Out Vacant Rooms In Your House?
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Are you tired of manually searching potential tenants and families to lease out a room in your house? Have you tried giving multiple advertisements in the newspapers and posting on Facebook marketplaces to find a suitable tenant all in vain?
Well, fear not, try Renting on Rentable.pk, Pakistan’s first-ever online leasing platform that provides a reliable and secure platform for sellers and tenants to connect for securing the best deal possible. Whether its furniture, household supplies or leasing your most precious assets, we are here to turn your liabilities into paying assets.
All you have to do is sign up on Rentable.pk, add in your username and password. Once the details are saved, post an attractive Ad of any item you would like to lease out, and start earning!
What’s great about Rentable.pk is that the whole service is free of cost and we don’t charge any commissions. What are you waiting for? Start renting today!
