Due to jobs, studies or any other reason, when people reside in a new city except their hometown, the biggest challenge is - looking for a living place. It is not possible for everyone to buy their own house in a new city, and in such a situation, taking a house on rent is the only option left. But if you have chosen a house without thinking, then it can also be heavy on the pocket. Therefore, it is very important to take care of some important things before taking home on rent, so that you can not only save money, but can also get a convenient and safe base.
1. Choose the location wisely
While taking home in the new city, always choose an area that is developing and where the fare is relatively low. The fare in prime location or posh areas is very high and a large part of your monthly income may be spent to stay there. Instead choose areas that are convenient, safe and suitable for connectivity, but are now developed. With this you can get a house at a better rate.
2. Don't forget to negotiate for rent
Often people consider the fare landlords or brokers, considering the same home. Do not make this mistake. Always negotiate and try to reduce the fare. If you keep your point with gentle and sensible, then many times the landlord is ready to reduce the fare.
3. Share the house with roommate
If you are living alone, try to rent a house with a friend or a trusted colleague/relative. This will not only make the fare half, but will also share expenses like electricity, water and internet. This will save your big savings every month.
4. Compare looking at many houses
Do not take a decision by looking at the first house. Look at at least 3-4 houses, then compare their facilities, locations, rent, and security etc. After this comparison, finally finalize the house which looks most suitable according to your budget and needs. This will give you balance - better facility in low budget.
5. Check legal documents
Read the rent agreement carefully before taking home on rent and understand the rules mentioned in it. Explain the status of advance amount, notice period, maintenance charge and electricity-water bill. This can prevent any kind of dispute or hassle in future.
Taking home on rent is not an easy decision, especially when you are shifting to a new city. But if you take care of the five suggestions mentioned above, then you can not only choose the right house, but will also be able to manage your monthly expenses in a better way.
FAQs
FAQ 1: How can I negotiate lower rent with a landlord?
Yes, you can negotiate! Come organized with neighborhood apartment comparisons, provide to signal an extended hire, or propose paying some months prematurely. If the property has been vacant for a while or you're a robust tenant (top credit, stable income), you have got leverage.
FAQ 2: What hidden prices should I watch out for when renting?
Besides rent, be careful for additonal fees like upkeep fees, parking expenses, utilities, rubbish series, or puppy deposits. Always ask for a full breakdown before signing the hire to avoid surprises.
FAQ 3: Is renters coverage without a doubt necessary?
Yes, renters insurance is low-cost and protects your property in case of theft, hearth, or harm. Some landlords even require it. It can also cover legal responsibility if someone receives injured to your apartment.
