Dear landlord,
If the rental difference between a unit installed with aircon and a unit not installed with aircon is $200/month, we are looking at $2400/year and $4800 every 2 years. Depending on the model and brand of your aircon being installed, would that be an attractive option for you to install the aircon?
Having said that, the conditions of the house will still be the topmost consideration by every tenants. If your targeted group of tenants are families or professionals, a clean and well kept environment will appeal to them more than having an air-conditioned unit but run down conditions.
Nevertheless, with dropping rents across the island, if you can explore a better avenue to divert your funds to generate better returns as investment, you may wish to consider selling too?
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Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile:
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Email: geryl7772@gmail.com
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