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Sunday, March 8, 2020

Factors to consider when renting a property

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In this article, Aqarmap provides you with some advice you should follow when renting a property. Whereas choosing the appropriate housing for your family is an essential matter, therefore, the decision to look for an apartment or villa for rent must be studied well, as the failure in choosing the right location might cause material or moral losses, such as frequent transfers, or defaulting on payment methods, and other problems that may worsen your dreams of settling with your family. The advices are as follows:

  • Ownership or renting?

Do you really want to rent a property? Or do you want to own one? Do you rent a housing unit for an individual or a family purpose? Are you looking for renting a property according to old or new Landlord-tenant law? Do you want to permanently rent an apartment or a villa, or is it just a temporary housing? Will the housing unit be in your current governorate, or will it be in another governorate? Answering these questions will ease your search process, and help you to make a decision.

  • Set your budget

First of all, before starting to look for a property, you must determine your budget. This budget will be set after deciding whether you will rent or buy a property and whether it is a villa or an apartment. For example, renting an apartment will not be equal to the cost of renting a villa. Moreover, choosing a property near major roads, such as the Ring Road, or close to a metro station; or being surrounded by many basic and recreational services. All of these factors will affect for sure the cost of renting. So, the process of determining your budget is a very important stage in the searching process.

You can discover each region and the price per square meter of which through the price guide on Aqarmap.

  • Determine the location

Do you want to rent an apartment near your workplace? Do you want to rent an apartment in a compound or coastal governorate for entertainment purposes? Before determining the place of residence you desire to settle in, you should answer these questions after setting your own budget.

  • Different research methods

In recent years, various electronic research methods were designed to search for anything you want to buy or offer what you want to sell, appeared. Therefore, we can use these websites (such as Aqarmap) to sell or rent different properties, and different social media platforms, such as: Facebook and Twitter. Moreover, you would find a lot of offers in various platforms and companies. You will find a variety of prices and spaces to suit your budget and needs, but you must be careful when searching and select a reliable company with a good reputation, in order to avoid being deceived.

  • Real estate broker

In case you don’t have enough time to look for a property, you may resort to a real estate broker that helps you in the searching process, but make sure you deal with a trusted real estate agent broker in order not to be deceived. It is preferable to be suggested through one of your relatives or friends. Also, make sure to agree with him regarding material matters to avoid any future problems.

  • Property inspection

Don’t hesitate to inspect the property you want to rent more than one time, when you find a suitable offer. Also, make sure that the specifications mentioned in the offer are true, and ensure the wellbeing of the housing utilities, such as electricity meter, water and sewage pipes, and natural gas meter. Moreover, find out whether it is fully finished or will you undertake the finishing process.

  • Availability of services

If you are willing to move and settle in another residence area, you must ensure that all basic services are available around your residence area, such as: shops, schools, pharmacies, hospitals, and places of worship.

 

  • Legal procedures

There are legal procedures that you should not miss when renting a house:

  • Review all terms of the lease contract to know your duties and obligations.
  • Check the regular maintenance term, such as cleaning the property, repairing utilities, etc., and check whether the tenant will bear them as additional costs? Or will it be paid by the lessor?
  • Choose the payment methods through which you want to pay the rent, either on an annual or monthly basis.
  • Write all the additional terms in the contract, such as: Will the lessor allow you to make any amendments to the apartment or villa? Like, painting or dividing rooms, and will you be allowed to bring pets? Would he/she also give you the right to purchase the apartment or villa if you wanted?

Aqarmap… Know more

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