How to get a rental appraisal
To get a rental appraisal, ask a property manager who leases homes in your suburb. Give them the address, the bedrooms, bathrooms and parking, and any recent improvements, and let them see the home if you can. Most Adelaide agencies appraise for free. You should get a written figure, with the comparable rentals behind it, soon after.
Want it done now? Book a free rental appraisal and a property manager calls within four business hours.
Five steps to a rental appraisal
- Decide what it is for. Setting the rent before you advertise, a lender’s assessment, or deciding whether to buy or sell. If it is for a lender, you need a signed letter: request a rental appraisal letter for your mortgage and we email it within four business hours.
- Choose who to ask. A property manager who leases in your suburb every month has the comparable rentals to hand. Ask how many homes they leased nearby last year, and how quickly.
- Book it. By phone or online, with the address, bedrooms, bathrooms and parking, plus anything a tenant would notice: heating and cooling, renovations, outdoor space, whether pets are allowed.
- Let them see the home. A short walk-through lets the appraiser account for condition and layout. If the home is tenanted, the tenant must be given written notice before anyone inspects.
- Read the written appraisal. Check it gives a weekly figure or narrow range, the comparable rentals with their addresses and dates, the date, and who prepared it.
What to have ready
- The address, and whether it is a house, unit or townhouse
- Bedrooms, bathrooms and car parks, and the land or floor area if you know it
- Improvements and when they were done: kitchen, bathroom, flooring, paint
- Heating, cooling and the appliances included
- The current rent and lease end date, if it is tenanted
- Whether it will be furnished, and whether pets will be considered
Online estimate or in-person appraisal?
An online estimate is instant and a fair starting point. Ours, the online rent estimate, gives the median rent of new leases in any Adelaide suburb by type and bedrooms, from the SA Government’s bond data. It cannot see whether your kitchen is new or your street is busy. A property manager who has seen the home can, and that turns an estimate into a figure to advertise at.
How many rental appraisals should you get?
If you are also choosing a property manager, two or three is sensible. Compare the comparable rentals, not just the headline figure, because the highest appraisal is not a promise of the highest rent. A figure well above the comparables usually means weeks on the market and a price cut later.
Getting one from Wemark
Book with the form below. You get the rent figure, the comparable rentals behind it and our fee schedule in writing, with no obligation to list with us. If you then want it managed, property management explains what we do and what it costs. Not sure what an appraisal covers? Start with what a rental appraisal is.
Book your rental appraisal.
Start with the address. Bedrooms and bathrooms are optional.
Free and without obligation · instant confirmation · a property manager calls within four business hours
Where do we send it?
Your confirmation lands the moment you book.
Booked. Check your inbox.
We’ve emailed your confirmation. A property manager will call you within four business hours.
Common questions
- How long does a rental appraisal take?
- Booking takes a minute. With Wemark a property manager calls within four business hours to arrange the rest. If you need the written appraisal by a date, for a lender for example, say so when you book.
- Do I need to be there for the appraisal?
- No. If the home is vacant you can arrange access instead. If it is tenanted, the property manager arranges the visit with the tenant after giving the written notice the law requires.
- Can I get a rental appraisal if the property is already tenanted?
- Yes. It is a common way to check whether the current rent is still in line with the market before a lease is renewed.
- Does getting an appraisal commit me to the agency?
- No. Ours is free and carries no obligation to list the property or sign a management agreement.