5 Factors to Consider Before Renting an Apartment

Do you wish to buy a home or get it for rent? This is the million-dollar question that plagues millions of Indians every day. The residential sector in MMR and the rest of India is enormous. There are houses that are being built every day that are up either for purchase or are available for rent. 

Not only is quite costly to afford to buy a home in a metropolitan city but the step-by-step guide that you need to follow in order to gain possession of the apartment is time-consuming and taxing. If you haven’t been able to set aside the money required for buying a home, then consider renting a flat. 

Here are some of the factors that you need to keep in mind before choosing the home you wish to rent:

Budget: This is one of the most important factors that you need to consider before seeking flats for rent in Mumbai. It is imperative that you have a tentative budget in mind. You need to pay rent every month. Ideally, you should not be paying over 30% of your salary towards rent and utilities like maintenance, water, electricity expenses, etc. If your take-home salary is Rs. 60,000, your rent should not be more than 15,000 preferably. 

Location: You should be comfortable in the neighbourhood you’re living in. Before you zero in on the available properties for rent Mumbai, do thorough research on the neighbourhood you would have your home in. Check out the neighbourhood to see if it is conducive to your lifestyle before you choose a home for rent. It needs to also be near your work and have close proximity to markets, ATMs, banks, restaurants, schools, hospitals, shopping centers, theaters, and other essentials. 

Must-Have Features: When you check out 2 BHK flats for rent, you need to make a list of the ‘must-have’ features that you would want in your dream home. Note them down in the order of priorities with the ones that you cannot compromise on the top of the list. After you have prepared the list, you can search for the best homes for rent MMR that feature most, if not all, your ‘must-have’ amenities. 

Reliable Management: When you’re looking for 2 BHK flats for rent, make sure that you find the landlord to be someone who you like and trust. As a tenant, it’s vital that the landlord can address all your concerns and apprehensions about the apartment. If your emails or calls are not answered promptly or if the landlord is rude, then the situation will most likely not improve once you start living in the flat. So, it’s important that you get along well with your landlord. 

Well-Maintained Condition: When you’re looking at a rental home in person, pay close attention to how it has been maintained.Does it look like the home needs refurbishing? Does it appear dingy? You should avoid properties with serious issues that may not be addressed in the future.

Check out IndexTap to peruse an extensive list of residential properties for MMR that you can consider for renting while keeping the above-mentioned factors in mind. 

For more such exciting analysis and details on real estate, visit our website www.IndexTap.com.