Looking for a house on rent at an affordable cost in the metropolitan cities is quite a tough job? Affordability is a crucial factor in cosmopolitan cities. Besides the rental amount, maintenance costs, vehicle parking charges, etc., also influence the total payment.
Meanwhile, a house that is designed, well-connected and offers special amenities, can provide a healthy living experience. So how does one strike the right balance? When you choose your house is close vicinity to your workplace so that the travelling time is less, good social infrastructure such as hospitals and educational institutes so that your family members has things to do in the radius around your house, are some key factors that home-hunters should look for, to lead a good way of life.
Things prospective tenants should consider before finalizing a deal
Set a budget: Think through how much you can afford to pay. Focus your search according to your financial plan and though you may be forced to compromise when finding a better-quality apartment in a better area, make sure it is worth the extra money you are spending. If you are looking for an affordable place to rent, try sharing your apartment with a room partner.
Where to search: You can look for properties in newspaper classifieds, apartment hunter publications, and on the Internet. You will get to know the rental market much better and will probably get yourself a better deal. Also, tell your friends and relatives that you are looking for an apartment to rent and maybe they know something in their building.
What to search: Make a list of requirements. Do you want a building close to work that allows pets and has free parking?
You may also want to visit the neighborhood at various times of the day and weekend to see if it is what you expected.
These all count when you decide where to live in for the next few months, if not years.
Credentials of the owner/developer: Perform a thorough background check of the owner or developer, the number of projects he has completed, delivery timelines and the quality of construction.
Lease agreement: Be cautious about the lease agreement, as it holds all the terms and conditions and legal clauses and implications, for all parties involved.
Does it feel safe: A rental apartment may be beautiful and have all the requirements you need, but is it safe and secure? Check online to learn about area crime rates, talk to the neighbors about the locality and the neighborhood so that you get an idea about the area where you are planning to rent an apartment.
In addition, one should check the neighborhood and contact local brokers to collect more information about the property as well as the location. Last but not the least, check with the brokerage fees (if any), deposit amount, maintenance charges, power and water supply in the area, tenant tenure, possession and clauses in the rental agreement with the landlord.