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Looking for Rented Accommodations? Simple Tips for Searching Property on Rent

It has been rightly said that food, clothing and shelter are three of the basic and most essential requirements for survival. Life without any of these 3 essentials will be difficult and this is why each and every one of us must work towards building a life that is secure and has all these three essentials in place.  

The demand for rented accommodations & property - flats and houses on rent is on a all-time high. This is true despite the fact that there has been a significant rise in dispensable income as compared to say 10 years back, flexible home loan options offered by most banks and a desire to own one's own home.

There is still a large percentage of the Indian population which is looking for affordable and dependable property on rent. With urbanisation, a rise in population, the desire to utilize greater opportunities in a bigger city etc, a lot of people come to larger towns and cities, thus creating a greater demand on housing facilities. Not everyone can afford buying their own property due to the exorbitant rates. While there are others such as outstation students, single working men and women, families who have their own property in their home towns but want to live in a different city etc for whom renting property makes the most sense.

Whatever be the reason for taking property on rent - apartments, flats or houses - there are a number of factors that must be taken into account to simplify the whole process of searching for good rented accommodations. Here are some tips that may help you along the way -

Plan In Advance - Whether you are planning to settle in a new city for education or about to retire from your current job, begin the task of looking for property on rent well in advance! This is because searching for and finding a good rented accommodation that meets your specific requirements takes a lot of time, patience and coordinated efforts. Don't leave this to the last month or week because you never know how much time it may take to find something that meets your need.

  Be Clear About What You're Looking For - Unless you have clarity about what you require, you will not be able to channel your energies in a focused manner towards finding such property on rent that meets your / your families' need. Narrow down on your preferences based on the following points -
  • Preferred Location keeping in mind the distance from your place of work, children's school etc.

  • How much can you shell out as rent based on your overall budget

  • Ground Floor, First Floor or higher options

  • Availability of basic amenities and healthcare etc.

Tap All Sources For Locating Suitable Property -

  • Inform your friends, relatives and acquaintances that you are looking for good rented accommodations (specify your preferences) and that they can let you know in case they come across any good options. 

  • Visit Real Estate and Property Websites

  • Read the classified ads in newspapers

  • Contact brokers (keep in mind that you will have to pay them commission that may be atleast 1 -2 months' rent.

Keep Your Eyes & Ears Open - When you go over to check an apartment or house to judge its suitability -

  • Try to talk to neighbours to find out more about the locality, the landlord, safety factors etc.

  • Check to see if the basic amenities such as water supply, electricity etc are in place.

Be Informed - Try to have a basic idea about the going rental rates in that area. Have a thorough discussion with the landlord and understand all the terms and conditions before signing any papers. Clarify any points that you may have in mind.

A little bit of planning and focussed efforts can help in simplifying the entire search. All the best!

Contributing Author: Akanksha is a freelance content writer. akanksha_sinha@hotmail.com

 
   

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