Make sure you are Not Paying High Rent
Aug 21, 2017 Home Trading Steps
Living in a rented apartment or property is a good idea while you save some money to buy the house of your dreams. Making sure that the locality and the neighbourhood of the property you are renting is good and will help you in flourishing personally is important. it is also important to make sure that you aren’t paying too much as a rent for the property.
The cost of development and living has risen in past decade and so has the cost of renting a property. But how can a buyer make sure that he is paying the right amount for the property?
We discuss the points that a buyer should keep in mind while choosing the property:
1. Average rental cost:
When you are looking for the property on rent, advice in the same helps a lot. Start looking for the properties that not only meets your needs and requirement but isn’t too heavy on your pocket as well. Try to gauge the rents of the similar property around the city, not just one location. Make sure you compare the cost of rental in a different location as well. If the price of the rental is too high in a particular area, find out why is it too high. Look for the civic and basic amenities and the availability of seamless transportation as well.
2. The cost of similar rental:
Comparing the different properties with the similar rental price will help you give a proper idea of what is the rent around the locality. Keep your options open. Parameters of comparison could be: the condition of the property, is the landlord offering the furnished apartment, has there been a recent modification in the structure? These will help you in gauging the right price you can pay for the property as monthly rent.
3. Perks offered:
If the property is in a posh location and the landlord is paying for the amenities like gym, club house etc, then the rental cost could be high. If the landlord has installed a new security system, then the cost of rent may vary as well. If there is an open space or the garden with the property, then the charges will be high too. You need to make sure if you need these perks or not.
It may take you some time to find out the best option for you and your family that meets the requirement and the needs. There is no need to hurry for the same. The decision should suit you and your pocket equally.
The cost of development and living has risen in past decade and so has the cost of renting a property. But how can a buyer make sure that he is paying the right amount for the property?
We discuss the points that a buyer should keep in mind while choosing the property:
1. Average rental cost:
When you are looking for the property on rent, advice in the same helps a lot. Start looking for the properties that not only meets your needs and requirement but isn’t too heavy on your pocket as well. Try to gauge the rents of the similar property around the city, not just one location. Make sure you compare the cost of rental in a different location as well. If the price of the rental is too high in a particular area, find out why is it too high. Look for the civic and basic amenities and the availability of seamless transportation as well.
2. The cost of similar rental:
Comparing the different properties with the similar rental price will help you give a proper idea of what is the rent around the locality. Keep your options open. Parameters of comparison could be: the condition of the property, is the landlord offering the furnished apartment, has there been a recent modification in the structure? These will help you in gauging the right price you can pay for the property as monthly rent.
3. Perks offered:
If the property is in a posh location and the landlord is paying for the amenities like gym, club house etc, then the rental cost could be high. If the landlord has installed a new security system, then the cost of rent may vary as well. If there is an open space or the garden with the property, then the charges will be high too. You need to make sure if you need these perks or not.
It may take you some time to find out the best option for you and your family that meets the requirement and the needs. There is no need to hurry for the same. The decision should suit you and your pocket equally.
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