Outlook Money
Before you rent a property, you should consider a few important factors that can impact your comfort, safety, and budget. These tips can help you make a smart and confident rental decision.
A location may look perfect online, but the real experience depends on the locality. Verify if cabs are available at night, if the streets are well-lit, and if there are any reputable hospitals or shops nearby.
Never skip a physical inspection. Check taps, open cupboards, and check for mold or damp spots, especially behind furniture or under windows. A personal visit can reveal issues that pictures or video calls won’t.
If the building has a lift, use it. Ask for a demo of the power backup. Visit the actual parking spot offered. Also, determine whether the water supply is municipal or from tankers, as this influences both cost and reliability.
Check if security guards are active and if CCTV cameras are working. Talk to current residents, if possible, and make sure the area is safe to walk in after dark. Don’t assume gated means secure.
In addition to the rent, verify the maintenance costs each month. Inquire into the electricity billing to know if it will be domestic or commercial rates, if gas is provided via pipelines or cylinders.
Review the rental agreement in full detail. You need to ensure every commitment is written into the rental agreement, including notice periods, maintenance obligations, lock-in clauses.