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Nairaland Forum / Nairaland / General / Properties / Should Old House Have Same Rent Fee As A New House? (334 Views)
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Should Old House Have Same Rent Fee As A New House? by jmoore(m): 12:45pm On Jan 17 |
Some people are of the opinion that houses built more than 20 years ago should not have same rent fee like a house built in 2023. These set of people believe that since the old landlord bought a bag of cement when it was sold at 500 naira a bag, he should not charge same rent as the new landlord that bought a bag of cement at 5,000 naira. What they fail to acknowledge is inflation and purchasing power. The purchasing power of 500 naira today is not the same 20 years ago. Housing sector is not isolated from inflation that is affecting other sectors. Houses appreciate in value, therefore rent will also increase as the value of the house appreciates. If the old landlord decides to sell the house today, he will sell it at a value higher than that of 20 years ago. |
Re: Should Old House Have Same Rent Fee As A New House? by Procashtips(m): 4:11pm On Jan 17 |
jmoore: Does the old house have the same modern amenities like that of new houses? |
Re: Should Old House Have Same Rent Fee As A New House? by jmoore(m): 4:17pm On Jan 17 |
Procashtips:Modern amenities like swimming pool or what? New houses that are like cages, no space. Baby can't even see space to crawl. |
Re: Should Old House Have Same Rent Fee As A New House? by Procashtips(m): 4:34pm On Jan 17 |
jmoore: Modern amenities like parking lot Pop or modern roof Multiple windows in various rooms for ventilation Seperate prepaid Meters. Well laid floors,not those with damps from the bathroom Water heater Working shower/bathtubs Kitchen with well laid cabinets Wooden/tiled flooring. Gated. Working borehole Can't be living in a flat and still be fetching well water or buy water from tankers/abokis Not those types that people from outside can even see what you're doing inside your apartment due to windows opening into neighbour's compound. |
Re: Should Old House Have Same Rent Fee As A New House? by jmoore(m): 4:43pm On Jan 17 |
Procashtips: You can have all these are more if you build the house by yourself. You are deviating from the main point of the topic. |
Re: Should Old House Have Same Rent Fee As A New House? by Procashtips(m): 5:30pm On Jan 17 |
jmoore: You asked for the modern amenities that seperate new house from the old ones. So where is the deviation? FYI, most new houses charging high rent have all these, so if you want your old house to collect same rent, renovation and add all these. |
Re: Should Old House Have Same Rent Fee As A New House? by jmoore(m): 5:35pm On Jan 17 |
Procashtips:Story! Most of these new houses have less ventilation. They are like cages. How many new houses have parking space for cars? What you listed is not what separates old from new. You forgot to say that the landlord should provide 24/7 power supply too. |
Re: Should Old House Have Same Rent Fee As A New House? by Procashtips(m): 5:48pm On Jan 17 |
jmoore: You are clinging at straws. Tell me what they don't have. You claim they don't have ventilation, maybe few but this is left to whoever pays that high for such but majority comes with all listed above. |
Re: Should Old House Have Same Rent Fee As A New House? by jmoore(m): 5:53pm On Jan 17 |
Procashtips:Which majority of new houses have water heater? No major difference between old and new. |
Re: Should Old House Have Same Rent Fee As A New House? by Procashtips(m): 7:00pm On Jan 17 |
jmoore: Just go on Jiji alone to check. At least they have pictures and videos for you to see Let's stop this blind argument. |
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