Helpful Tips in Looking for an Apartment or House to Rent
MoveInTheCity November 28, 2019
Looking For a an Apartment or a House to Rent? Here’s a Checklist You Must Go Through
Let’s agree to the fact that finding a rental home is not a cakewalk and it comes with a lot of challenges that almost every property finder has to face. Apart from just keeping the needs of all family members in mind, there are many other things you have to chew over while looking for a property on rent. Considering the same, here we’ve brought you these 5 key highlights you must think about prior to signing your lease. So, just keep on reading to go through them:
1. Budget
As a property finder in the Philippines or elsewhere in the world you need to set a reasonable budget and follow it. Also, it is important to think about the cost of your monthly rental, preliminary deposit, moving costs, and utility bills. These days, there are many websites and mobile applications that you can use to find a rental property on the basis of your personal criteria for rent rate, property type, size, locality, etc.
2. Size
You can consider a condo, apartment for rent, villa, or any other property type that goes well with your space requirements. In line with a well-known real estate agent, if you’re single, then renting a 2 bedroom flat might get expensive for you. Conversely, it can be the best idea to consider a 3 bedroom property investment if you are living with your family.
3. Location
Without any doubt, location is always an important consideration. Can you easily travel to the office from your location? What are the nearby schools? How close is the property to other amenities, like shops, transport links, etc? You need to find all the answers before finalizing your decision to rent.
4. Look for The Crime Statistics
For your knowledge, location is not merely about the travel time, you also need to mull over the safety of yourself and your loving ones as well. The crime statistics more often than not impact straight on the rent rate, but putting yourself at risk is never recommended just to fit the rent into your budget.
5. Pets
Do you have any pets? Or you plan to have one? If your answer to this question is YES, then you need to find out the building and landlord’s rules on pets prior to moving in.
6. The Inspection
Well, you must not miss on this part at all. Make sure that you run the taps, the bathtub, and the shower. Not merely this, but it is also good to check for leaks and also confirm that the door’s lock and the windows work appropriately. Don’t forget to check the lights and any type of damage in the house (if there is any, then ask the agent or owner for repairs to be done before moving in so that you are not in charge of repairs later on.
7. The Agent and the Landlord
Keep in mind to ask for the agent’s business card in order to verify that they are an authorized broker and not a local service provider. What is more, you should not hesitate to ask the landowner to show a copy of their passport or proof of ownership.
8. The Upfront Costs and Least
Apart from those mentioned above, make sure that the agent’s commission and deposit you will be asked to pay should not be above 5% of the yearly rent. Also, check that the lease comes with maintenance tasks, parking details, insurance, and legal responsibility.
Hope you would have liked this article post and now you know what should be done when on the lookout for a rental property. Being a Property Finder in the Philippines is not that difficult. Follow all the above-mentioned tips and you are well on your way to having a good home.