Buying a property needs huge investment and some time to save enough money. Till then, renting an apartment is the best option. But before choosing a rental accommodation it is good to know few things listed below:
Be stringent on budget
When you are renting an apartment it is crucial, that you need to set aside a fixed budget for rent every month. Make sure that the rent does not exceed 30% of your monthly income. It is better to search for apartments within the set budget. If you are looking for a high profile area – be ready to spend a little extra money. If you are looking for a cheaper option, you can consider sharing an apartment with your close a friend or colleague. This way, the rent gets distributed equally among you and your friend.
Know where to look out for apartments
The best possible option when it comes to rent apartment is to take the assistance of a broker. But be ready to pay him/her some extra amount. If you do not want to spare this amount for broker – you can look out for an apartment in other ways too. Get connected to social media pages or ads to constantly get updates on rental properties. This is the easier way to get directly connected to the property owner. Some of the other alternatives are – to put a word of mouth to your friends, relatives, colleagues and neighbours. This is sure to help you in one way or the other.
Be sure with your requirements
If you are particular about the area you are looking for – you can jot down the list of prerequisites. Let the list include the distance between your workplace and apartment, the distance between your kid’s school and apartment, number of bedrooms, amenities in the apartment, parking space etc. If you are a pet lover add this important point too – since, many apartment owners do not allow tenants to move in with pets. You may also consider if the apartment is close to relatives place and if this place has connectivity to public transportation. All these definitely matter once you move into the apartment.
Examine the apartment
When you go to inspect the apartment – examine every trivial element. Some of the important things to look out for include: water supply, power supply, electrical connectivity’s, bathroom facilities like hot water and shower, walls and ceilings and window facings. Ensure all the lights, ceiling fans, electrical appliances and water supply are working fine. The other major thing to consider is if the apartment is close to crowded areas – this can result in extreme noise disturbances while sleeping or reading which can be really annoying.
Enquire before you agree
Do not haste to sign any legal or rental agreement. Do thorough inquiries before paying or signing anything legal. Check with neighbors if it is all good to move to the rental property. Make sure the common wall between your apartment and neighbors apartment is not a complaining factor. Also, know more about your owner – check if he is cool enough to co-operate with his tenants to solve problems pertaining to the apartment.
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