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Month: November 2017

5 Things You Must Know Before Renting A New Apartment

5 Things You Must Know Before Renting A New Apartment

5 Things You Must Know Before Renting A New Apartment

Owning a house is everyone’s dream but some cannot afford to make a purchase and hence rent an apartment to make their living. The benefit of renting is that you can easily move to a new city or location as and when required. So there are no hassles of selling your property before moving. However, there are 5 things you must know before renting a new apartment that can help you choose a right home.

The neighborhood

For the safety of you and your family members, it is essential to know what kind of neighborhood does the apartment has around. You do not want to be surrounded by troublesome people or someone who does not have a good reputation. And also check the safety and security aspects of the building or apartment. Do a quick research to understand the area and the lifestyle of people who live around. This will give you a better idea to see if your family can fit into the environment easily.

Read and understands terms

Before you sign the paperwork and agreement documents, make sure to take time in reading each and every part of it. If something does not make sense to you, be bold enough to get clarity from the owner or the broker. Make sure you understand what each clause or term mentioned in the agreement. This will help you clearly understand the dos and don ts, so you do not have to face inconvenience at a later stage. Things like expiry date of the agreement, the duration of the hike in rent, the percentage of a hike, security deposit, etc are some of the things you must carefully read through.

Inspection of the apartment

When you are looking for an apartment for rent in Maadi Sarayat thoroughly inspect the apartment before you sign the agreement. Look for any pre-existing damages to the property and bring that to the notice of the broker or the owner. Check each and every part including furniture, doors, windows, plumbing, paint, electricals, accessories, and fittings, etc. Check their condition to make sure everything works fine and if something isn’t, you have rights to get it fixed or replaced before you settle in.

Know the owner/landlord

The apartment may all be in order and in perfect shape but if the owner is troublesome, you may encounter an unexpected problem in future. So meet the landlord and find out if the person is friendly or rude. You better avoid that apartment if you even suspect that he/she looks or sounds strange. You cannot take chances whatsoever as a bad landlord can cause unnecessary problems.

Set your budget

You do not want to spend the majority of your income on paying rent for your apartment. So it is important to analyze how much you can really afford from your total income towards the rent. It is usually recommended that your rent does not exceed 25 to 30 percent of your income. If you set a budget, it will be easy to narrow your search and have the broker look for a house within that budget.