For this reason, we have herein provided an in-depth guide to give you all the necessary information needed to find a rental home matching your expectations.
#1 Prepare a Budget Plan
If you have relocated to the city for joining a job, it is extremely important to calculate the costs upfront. Failing to have a proper plan for controlling your budget, it can be problematic to meet the cost of living in this city. As a rule, it is advisable to keep the cost of paying rent under “25% of the total income”.
Additionally, you need to pay the rent for 10-12 months as an advance deposit. The landlord may deduct the maintenance charges from the deposit or even ask you to pay as you go. If you also pay the apartment maintenance fees, you will get the full deposit amount at the time of move-out after deducting for damages caused during occupancy.
Do you need help with cost calculating or budget planning for your home?
You may take the help of Bangalore rental property management professionals to reduce the pressure of finding a rented home in Bangalore, complete the legal agreement, etc.
#2 Choose Location
This is the second most important deciding factor when renting a home in Bengaluru. When selecting the location, herein are some essential things to consider:
It is very important to consider the distance of the rental home from your office. Taking home on rent too far from the workplace means greater expense on traveling costs apart from wastage of time every day. The IT hub of India is densely crowded and regularly prone to heavy traffic congestion. It is recommended to take a house within a 5km distance from your office.
Since social security is an important aspect, it is very important to see the surroundings of the house carefully. Get some idea about the type of area you are going to reside in. It is best to lease house in a residential area with calm surroundings to ensure a peaceful living.
It is wise to take a house at a location close to public transportation facilities. You must have quick access to buses, trains, metro and other modes of transport from the rented house.
It’s absolutely fine if you have chosen a 3BHK for rent Bangalore to reside in the city with your family. But, you also need to have grocery stores, markets, medicine shops nearby. It is not possible to order everything online. Choose a home in close proximity to shops and markets so that getting anything urgently becomes hassle-free. If you have kids, it is preferable to select a flat with good schools, parks, and recreation centers nearby.
All the above factors are outside your home but do impact your life. However, certain other amenities are an absolute necessity to lead a peaceful life. *Water supply is the most important amenity to look for when choosing a house. Make sure the house has access to 24 hours of uninterrupted water.
*Note: Shortage of water supply is a big concern when choosing an apartment for rent in Bangalore. It is highly recommended to rent a home in locations receiving water supply from the Cauvery River.
#3 Explore Sources to Find a Rental Home
Now that you know the cost of renting a house in the capital of Karnataka, things to know about choosing the location, it is the turn to go on the rental home hunting in this metropolitan city.
Some of the most popular sources to find houses or flats for rent in Bangalore includes:
Contacting a reliable property agent simplifies the job of finding high-quality homes. If you are new in the city and do not know anyone, this is a considerable option to find a house on rent easily.
Most landlords with multiple rental properties consider publishing newspaper ads. This is a good source of information to find several homes in various parts of the city.
Nowadays you can find various property websites publishing ads for rented houses. You will get more options online than in newspapers. Moreover, due to the lack of space, most newspaper ads do not provide complete information.
On the other hand, ads on the online portals contain more specific details you can use to compare different properties to choose the best one depending on your needs. For instance, you can get specific details whether it is a fully furnished or semi furnished house for rent in Bangalore.
You can also set different filters to find homes based on the number of rooms, location, and other amenities.
Visit Facebook groups to find landlords who have updated an ad with the urge of finding a good tenant. You can also contact your friends on social media to spread the word that you are looking for a rental house.
All the above resources may help to find a house on rent but if you do not have enough time for finding the right choice, it is recommended to hire a personal manager from a Bangalore property management service.
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Rental Property Management in Bangalore
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#4 Things to do After Finding a House on Rent
Finding a home suitable in all aspects is not the end of the journey but only the first step. There is a lot to do before you can actually move in. Herein is a quick checklist of things to take note of before you sign the rental agreement:
It’s good if you have seen the pictures or video of the house. But a physical inspection is really important to check everything well in advance. During the visit, watch out for the condition of the house, fixtures and fittings, amenities etc. Try to find out if any part of the property is damaged or requires any repair.
The property owner may consider a background checking of the prospective client before signing the tenancy agreement. You need to provide the valid government authorized ID proof as part of the procedure.
This is the most important part when renting a house. Even if you are working with any rental property management in Bangalore, the property manager advises the tenants to read the documents very carefully well in advance.
When reading the documents, keep an eye on the following details:
Duration of the agreement
The notice period for leaving the property
Clause and conditions for maintenance and repair work
Pets policy (in case you want to keep pets in the rented house)
Check the terms and conditions for the security deposit, rent, and other charges
Check the annual escalation rate of the rent to calculate your costs
It is not mandatory by law to register the rental agreement. However, there are several reasons you should duly sign this legal document and get it registered before moving in.
Registration is important for validation of the agreement and deal between the parties involved. It makes the agreement legally acceptable. In the event of a dispute, this is an essential document for proceeding in the court.
#5 Is It Good to Move into a Fully Furnished House for Rent in Bangalore?
For a working professional with an extremely busy schedule, it may seem perfect to move into a fully furnished home with preset kitchen, home appliances, and furniture.
However, there are certain considerations when you rent a furnished flat:
The monthly rental is extremely high for such apartments
You cannot choose anything on your own. Everything is already setup and you have to use them as they are
You need to pay for any damage caused to the furniture or appliances during use
Unfurnished homes are available at a lower monthly rental package. You can purchase any furniture of choice with a one-time investment and take it with you wherever and whenever needed.
Conclusion
I hope these tips will help you to find a dream house for rent that meets all your expectations. Before you move in, it is essential to comply with the tenancy agreement and get it registered at the earliest. It helps to avoid complications later and lead a peaceful life in your rented home.
In several residential areas, there are tenant’s associations. If you have it in your apartment, read, and follow the guidelines properly. As a responsible citizen, it is your responsibility to follow the rules.
Are you looking to rent a house in Bangalore?
We can help. We provide high-quality services for tenancy management in Bangalore to both landlords and tenants. For more details or to book a free consultation please visit http://www.sangau.com
