How to find a property for renting?
With the current economic problems playing mayhem with the real estate market throughout the nation, there has been a sharp rise in the number of people preferring to rent rather than buying. There are many factors that should be taken into consideration while searching for a property to live on rent. Apart from the basic factors like location, budget and neighbourhood, one should ask a series of questions to the landlord in order to confirm a comfortable and hassle free stay in the house.
The first and the foremost step that a future tenant should take is calculating what exactly can he/she afford. The monthly rent brings with it a series of expenditures like initial deposits, maintenance costs, various bills etc.; moreover, settling up at a new place is also not free of cost. When you have calculated the estimated rent of a particular property, ask about the following things to a landlord and then make a decision about taking up the property:
- Security deposit: A monetary deposit given to the landlord as a security.
- The time of return of the security deposit
- The increase in rent per year
- Mode of payment
- Responsibility of expensive maintenance in the house
- Parking facilities
- Society memberships
- Renovation of the house
Finally, one should rent a property that suits perfectly to his/her needs. Take into consideration the daily distance that has to be traveled to reach the work place and entertainment centers. With migration between the cities being a trend, taking a property on rent seems to be the most convenient and economical friendly option. Although, questioning might take some time and patience, it will ensure that once you zero down on a property it doesn’t end up being a tedious and troublesome stay.