Most people have to live in rented accommodation for the first half of their career in order to save for buying an apartment or house. In all major cities of India, both capital and rental values have appreciated. Most people looking to rent apartments in cities opt or flats which are closer to their work place so that time taken to commute and the expense involved is minimal. People renting apartments also want to live in areas that are connected to other parts of the city apart from their work place and also have the necessary social fabric required to live a good life such as schools, colleges, hospitals and the likes.
If you have just relocated to a city, you may be on the look out for a good apartment to rent. If you are single, you can opt for a 1BHK flat or studio apartment for rent. However, if you have relocated with your family, then it would be best you opt for a 2BHK or 3BHK flat or a house for rent. The organization for which you go to work would share with you a list of brokers working in the area or you can check up the office network because a lot of people share information about house for rent available in a particular area.
Before renting your apartment, there are quite a few things that you should look into.
The neighbourhood of the apartment
The neighbourhood is one of the most important factors that should govern your decision of renting a particular property. A locality which is not very safe in terms of crime should be avoided at all cost, no matter how low the rent may be. Try opting for an apartment close to a busy road as it would mean added security. Opt for a neighbourhood which has families living in it because there would be someone who would come to your aid in case you are in trouble.
However, opting for a house which is right on the main road may be exposed to lots of pollution and noise from the streets. Also, areas where families live may become cumbersome if you are someone who likes the privacy of his/her home and does not enjor prying neighbours.
Water connection available
Most cities in India suffer from water crisis and therefore you should check up whether proper water connection is available or not. Delhi, Bangalore and Hyderabad are some of the cities where water is metered in every house for rent. In fact, some areas of Hyderabad and Bangalore do not have water connection in almost 50 percent households. Therefore, you should make enquiries into availability of 24 hours water.
Also, you should find out whether every apartment in a particular complex has a separate water meter or is it shared and then the cost is divided. It is better you live in a complex which has got a meter for every apartment so that there is no free riding of the resource. Ensure that there are alternative sources of water available in case the tank runs dry someday.
Social Infrastructure Available
Those looking for house for rent want to live in a neighbourhood that has good social infrastructure on offer. Therefore, look for a self sufficient neighbourhood where you will get all your essentials. A neighbourhood with good social fabric should have medical stores, grocery stores, banks, post offices and much more on offer. Even if a neighbourhood does not have these exact facilities available, they should be at least a stone’s throw from it.
Facilities offered by the Apartment Complex
When you are looking for a house for rent, it is better you opt for a gated residential community that has good amenities on offer. Gated communities usually have parking spaces on offer along with 24 hours power and water supply. The flats are furnished or semi furnished and hence you need not buy any of your own supplies. You also get added facilities such as swimming pools; kids play area, indoor games rooms etc. These facilities are much needed for unwinding on off days. If you do not find a good apartment for rent in an apartment complex, you should opt for a multi storeyed building that has 24 hours security and running water so that you can lead a secured life.
Rental Agreement
Usually rental agreements are charted for 11 months after which they are renewed by the tenant and the landlord. An advance amount of 6 months worth of rent needs to be provided and in some cases 11 months even, although this amount is negotiable.
A rental agreement needs to be typed on a stamp paper which is worth more than Rs 100 otherwise it won’t be considered to be a proper proof of address. If this agreement is charted on a Rs 100 or more stamp paper, then you can use it as an address proof for buying new SIM cards and other purposes. Make sure that the rental agreement does not state that the charges for painting the apartment would be deducted from the deposit amount that you put in as many landlords use this amount for annual painting and maintenance.
There is a lot that you need to look into before renting an apartment. A lot of people have been stuck in wrong neighbourhoods because they did not enquire adequately into the facilities or the property available. To help you with apartment hunting, you should get in touch with a friend of yours who is a local and can help you with the narrowing down localities and finding the best properties to rent. You can also try looking up online classifieds websites to find the best house for rent. Simply log into a website, select the city that you are in along with the area where you would prefer to stay along with your budget. You would be shown the best localities to live in within your budget.
Before renting your apartment, there are quite a few things that you should look into.
The neighbourhood of the apartment
The neighbourhood is one of the most important factors that should govern your decision of renting a particular property. A locality which is not very safe in terms of crime should be avoided at all cost, no matter how low the rent may be. Try opting for an apartment close to a busy road as it would mean added security. Opt for a neighbourhood which has families living in it because there would be someone who would come to your aid in case you are in trouble.
However, opting for a house which is right on the main road may be exposed to lots of pollution and noise from the streets. Also, areas where families live may become cumbersome if you are someone who likes the privacy of his/her home and does not enjor prying neighbours.
Water connection available
Most cities in India suffer from water crisis and therefore you should check up whether proper water connection is available or not. Delhi, Bangalore and Hyderabad are some of the cities where water is metered in every house for rent. In fact, some areas of Hyderabad and Bangalore do not have water connection in almost 50 percent households. Therefore, you should make enquiries into availability of 24 hours water.
Also, you should find out whether every apartment in a particular complex has a separate water meter or is it shared and then the cost is divided. It is better you live in a complex which has got a meter for every apartment so that there is no free riding of the resource. Ensure that there are alternative sources of water available in case the tank runs dry someday.
Social Infrastructure Available
Those looking for house for rent want to live in a neighbourhood that has good social infrastructure on offer. Therefore, look for a self sufficient neighbourhood where you will get all your essentials. A neighbourhood with good social fabric should have medical stores, grocery stores, banks, post offices and much more on offer. Even if a neighbourhood does not have these exact facilities available, they should be at least a stone’s throw from it.
Facilities offered by the Apartment Complex
When you are looking for a house for rent, it is better you opt for a gated residential community that has good amenities on offer. Gated communities usually have parking spaces on offer along with 24 hours power and water supply. The flats are furnished or semi furnished and hence you need not buy any of your own supplies. You also get added facilities such as swimming pools; kids play area, indoor games rooms etc. These facilities are much needed for unwinding on off days. If you do not find a good apartment for rent in an apartment complex, you should opt for a multi storeyed building that has 24 hours security and running water so that you can lead a secured life.
Rental Agreement
Usually rental agreements are charted for 11 months after which they are renewed by the tenant and the landlord. An advance amount of 6 months worth of rent needs to be provided and in some cases 11 months even, although this amount is negotiable.
A rental agreement needs to be typed on a stamp paper which is worth more than Rs 100 otherwise it won’t be considered to be a proper proof of address. If this agreement is charted on a Rs 100 or more stamp paper, then you can use it as an address proof for buying new SIM cards and other purposes. Make sure that the rental agreement does not state that the charges for painting the apartment would be deducted from the deposit amount that you put in as many landlords use this amount for annual painting and maintenance.
There is a lot that you need to look into before renting an apartment. A lot of people have been stuck in wrong neighbourhoods because they did not enquire adequately into the facilities or the property available. To help you with apartment hunting, you should get in touch with a friend of yours who is a local and can help you with the narrowing down localities and finding the best properties to rent. You can also try looking up online classifieds websites to find the best house for rent. Simply log into a website, select the city that you are in along with the area where you would prefer to stay along with your budget. You would be shown the best localities to live in within your budget.
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