On the Go

Category: Real Estate


Points You Should Think Of When Renting A Flat

Renting out a flat might seem like a feasible option for a large number of reasons; you might be the type who moves around a lot due to work commitments or your financial situation might prevent you from purchasing an apartment. Whatever the reasons, it is easy to get too excited or stressed with the task of moving and be overwhelmed with the task at hand.

One of the biggest issues that arise is finding an apartment that suits your purpose. This is a task that gets significantly harder if you are living in a large city as the number of apartments available is extremely high but at the same time it is a blessing as you have a better chance of finding an apartment that suits what you are looking for. But before you delve in to newspapers looking at the apartment rentals section, you should take a hard look at your finances with residential property agent and decide on your budget. Take in to consideration other factors like the cost of moving your items from the old place to the new place. Nowadays the cost associated with moving is at an all-time high.

There is also the issue that commuting to work from a new location might be more costly. Once you have decided on a budget you can hunt for apartments within your capacity. You can do the apartment hunting by yourself or make use of commercial rental guide to do the task for a fee. If there are specific conditions you require such as apartments that allow you to keep pets make it a point to let the agent know such details beforehand.

Consider the location that the new apartment you are interested in is. Ask around and check the time it will take for you to commute to work every day and if you can bear the added distance. You might also want to be close to your ailing parents and your friends so the location is something you should pay attention to.

If you have chosen an apartment by yourself, take the time to do some research in to the prices of similar apartments to ensure you are getting a fair deal. Most or all landlords require you to show your finances as they need a guarantee that you will pay your rent on time instead of stalling. It is recommended that you meet them with all the relevant documents ready. Assuming the deal moves forward, another point you should keep in mind is that you might want to have a lawyer go through the contract before you put pen to paper so he or she can ensure things are in order.

Things To Think About After You Get Married

Once the wedding is over and you have finally gotten back to real life and your full time job, you will need to start thinking about your long term investments as a couple. You will now need to find a place to stay and it is best that you make that a permanent investment rather than pay money as rent as this is a wastage of your hard earned money. If you intend to have children in the near or even generally near future, you will need to start thinking about their futures now and it is no secret that children cost a lot of money and therefore, you will need to make sure that you have a stable financial situation before you have children.

The best way to do this is to invest in your own house now so that when your children do come along, you will have a home of your own that you may have already paid off the money for or are close to completing the payments for which means you will have less overheads and financial responsibilities in comparison to being on rent in Hong Kong where you would have to find money to pay rent every month which can be very difficult.

Exploring your options

This would be a great time for you to start exploring your housing options. It is important for you to keep in mind that although your life maybe basic and simple now, it may not always be that way and when investing money in a home, it is always best for you to think about the future. As an example, a Robinson road property might seem big to you now that it is just you and your partner living together but if you plan on having children soon, it might not be too big at all in a few years when they are grown up.

One of the biggest mistakes that house hunters make is that they invest in homes to suit their present lifestyles but in a year or two when their families have grown, they struggle to exist in their small home. Start looking at property prices and analyzing the benefits of each place you look at in comparison with your present and future needs.

One thing that you should keep in mind is that, if you intend to have pets or children, it is always a better choice for you to invest your money in a house with a big garden instead of a stuffy apartment because then your pets and your children can play in the garden in the evening and will have freedom unlike in an apartment.

© 2020 Softech Clients

Theme by Anders NorenUp ↑