For investors and owners
An apartment for letting in Tbilisi, or your own rental house
stroydom.ge does not renovate apartments for letting, including cosmetic refreshes and fitting out an apartment in bare concrete. If you want rental income in Tbilisi, we offer to build a house to rent out. Building for rent costs 1,400–1,800 GEL/m² turnkey with hard-wearing finishes; furniture, appliances and textiles add 350–700 GEL/m². Splitting the house into units with separate entrances and meters adds 6–12% to the budget, and the units can then be let separately. A realistic entry budget starts from 180,000 GEL, and it takes 12–16 months from the start of design to the first tenants. We estimate rent and payback from comparable properties in the area at the time of calculation and do not promise income.
An apartment is one rental unit in a building someone else put up: the risers, slabs and sound insulation are what they are. A house to rent out is designed for letting from the first drawing: we plan the bedrooms, split entrances and meters by unit, and choose finishes that survive tenant turnover.
Why is a rental house easier to let than an apartment?
Several units instead of one apartment
A house can be split into two or three units with separate entrances and meters. The units are let separately, so the property does not stand empty when one tenant leaves.
Services sized for the load
In an apartment the risers and slabs come from the developer. In a house we design in a larger water heater, wiring for air conditioners and appliances, and sound insulation between units.
Layout by bedrooms
Rental income is counted by bedrooms. We draw separate bedrooms and bathrooms that do not open off a room from the start, so nobody has to move partitions later.
Hard-wearing finishes
Porcelain tile in circulation and wet areas, washable paint instead of wallpaper, hardware that is easy to replace. Finishes like these survive tenant turnover without a refit.
Easy maintenance
Access hatches, reachable valves and manifolds, standard sanitaryware. Replacing a mixer tap takes an hour and does not take a unit off the market.
How does stroydom.ge run a rental house project?
- Economics before design: rental format, number of bedrooms, rent based on comparable properties in the area
- Plot check: land category, development conditions, utilities and access
- Design for the chosen format: units, separate entrances, meters, sound insulation
- Turnkey construction to a budget fixed in GEL in the contract, with a 10-year warranty on the structure
- Fit-out for letting: furniture, appliances and textiles, so the house is ready for the first tenants
- Remote control: photo and video reports by stage, photos of hidden works, budget changes in writing only
Which rental format should you build for?
Choose the format before design: long-term and short-term lets need different layouts.
Long-term letting
A family layout with 2–4 bedrooms, a kitchen-living room, storage and parking. Lower rent, steadier income, less day-to-day work. Demand holds up in Saburtalo, Vake, Digomi and Mtskheta.
Short-term letting
Compact self-contained units, separate entrances, self check-in with a keypad lock. Higher rates in season, but more spent on cleaning, linen and management.
Mid-term for relocants
Three to six months, furnished, with a workspace and fast internet. Rent above long-term, running costs below short-term.
Mixed format
The lower unit is let long-term, the upper one by the night in season. This needs independent entrances and services split by unit.
What do we need for a calculation?
- The address or cadastral code of the plot, if you already have one
- The rental format: long-term, short-term or mixed
- The budget and the date by which the house should start earning
- The desired floor area and number of bedrooms
How much does a rental house cost?
| Item | What is included and the price |
|---|---|
| Building for rent | 1,400–1,800 GEL/m² turnkey with hard-wearing finishes. We fix the budget in GEL in the contract after inspecting the plot. |
| Fit-out | Furniture, appliances and textiles for letting cost 350–700 GEL/m² depending on the format and segment. |
| Splitting into units | Separate entrances, meters and sound insulation between units add 6–12% to the budget. |
| Entry budget and timing | A realistic budget starts from 180,000 GEL. It takes 12–16 months from the start of design to the first tenants. |
| On returns | We estimate rent and payback from comparable properties in the area at the time of calculation. It is a benchmark: the rental market can change while the house is being built. |
Building for rent
1,400–1,800 GEL/m² turnkey with hard-wearing finishes. We fix the budget in GEL in the contract after inspecting the plot.
Fit-out
Furniture, appliances and textiles for letting cost 350–700 GEL/m² depending on the format and segment.
Splitting into units
Separate entrances, meters and sound insulation between units add 6–12% to the budget.
Entry budget and timing
A realistic budget starts from 180,000 GEL. It takes 12–16 months from the start of design to the first tenants.
On returns
We estimate rent and payback from comparable properties in the area at the time of calculation. It is a benchmark: the rental market can change while the house is being built.
Updated:
Thinking about an apartment to let?
Leave your contact: we will discuss the rental format, area and budget and cost a rental house with a fixed budget.
We will call within an hour, 24/7. You do not need drawings for the first conversation.
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Common questions about apartments for letting
Do you renovate apartments for letting?
No. We do not take apartment renovation without building a house, including cosmetic refreshes and fitting out an apartment in bare concrete. For rental income we build turnkey houses in Tbilisi and its suburbs.
Which is better to let: an apartment or your own house?
It depends on the budget and the format. An apartment is one rental unit. A house can be split into two or three units with separate entrances and let in parts, and its services and layout can be designed for letting from the start. A house does need a plot and time: 12–16 months from the start of design to the first tenants.
How much does a rental house cost?
Construction is 1,400–1,800 GEL/m² turnkey with hard-wearing finishes; furniture, appliances and textiles add 350–700 GEL/m². Splitting into units adds 6–12% to the budget. A realistic entry budget starts from 180,000 GEL, and we calculate the exact budget after inspecting the plot.
What return do you promise?
We do not promise a return. For a given plot and format we calculate the construction cost, the timeline and a benchmark rent based on comparable properties in the area at the time of calculation. Over the year or eighteen months of construction the rental market can move either way.
Can the build be managed remotely?
Yes. The design and budget are agreed online, you receive photo and video reports at each stage, and we photograph hidden works before they are closed up. Payment is by stage: an advance of no more than 15%, then for accepted works, by bank transfer or SWIFT.
Where in Tbilisi should you build a house to let?
For long-term letting: Saburtalo, Vake, Digomi and Mtskheta, where demand from families and relocants is steady. For short-term letting: central Tbilisi, with stricter requirements for sound insulation and parking. Batumi and Kobuleti earn mostly from May to September.