Rent, Results & Resumes: The 3 R’s that haunt every bachelor
Rent, results and resumes, yup, the trifecta that will consume your life the moment you step out of your parents’ home. Out in the open world, wild and submerged in freedom, life is just beginning my friend. The possibilities are endless and the days are rife with opportunity.
Unfortunately, Results and Resumes are two things we cannot help you with, not yet at least. But Rent? Oh yeah, that R’s right up our alley. As a property management company, we are an authority on renting.
So you have just moved cities to pursue a degree in a new college, or maybe start a new job. What’s the first thing you need to sort out? Yes, have a roof over your head. But you can’t simply move into the first place you set your eyes on. You have just, after all, left the comfort and security of your childhood home. Your new house should make you feel, if not just as comfortable, reasonably happy and secure. Besides, you will probably spend the next few years in the same house, and it should feel like home. So make sure you spend time and follow our steps to save yourself the trouble of having to relocate in a few months.
Steps to Consider Before Renting: Rent the Right Way
1. Avoid Brokers
Don’t get us wrong, brokers are an essential part of the renting process. They do most of the grunt work and scouting so you can just show up to a location, check a house and then say yay or nay. But the flipside is that you end up paying a month’s rent as a brokerage fee. So the question really is, are you OK to shell out extra cash (which, considering a month’s rent, is a big amount) or would you rather put in the time and effort to go from house to house till you find the perfect spot?
Well, owing to the brilliant heights in technology today, you can avoid brokers all together AND skip the labour. Enter online listing companies. Homeowners list their property on these portals, along with pictures of every room, information about amenities, total charges, etc, and this information is made available at your fingertips on the click of a button! You can scout 10 different properties and still be on your first beer. Make use of these options before you physically go check out a place. It will save you a lot of time and effort.
Here’s a list of some popular listing companies:
- Propadis – https://propadis.com/
- Nestaway – https://www.nestaway.com/
- Housing.com – https://housing.com/
- Makaan – https://www.makaan.com/
- Commonfloor – https://www.commonfloor.com/
- Magic Bricks – https://www.magicbricks.com/
- 99acres – https://www.99acres.com/
2. Find a Roomie
Granted, if it is your first time in a new city you might not yet have friends or an acquaintance who can be a roommate. If so, consider a co-living space. Co-living houses are places with space and beds for multiple tenants, and they rent out by the bed. So you pay for one bed, while other random tenants pay and occupy the other beds. The advantage is that these places are furnished, you pay lesser and you get company. The downside is you don’t get to pick who your company is.
If co-living is not your cup of tea, a better option is to first bunk beds with a friend or relative until you find a person amiable enough to be your roommate. The advantages are many: You can move into a more spacious house and share the burden of rent. You have company and don’t have to eat dinner alone. There’s always a buddy to play the PlayStation with. You alternate cleaning and resupply duties. The list goes on. Trust us, you need company.
Again, technology comes to our rescue. We’ve got a list of portals where you can find a place for rent with a roommate, or find a roommate and then look for places to rent:
- Flatmate – https://www.flatmate.in/
- OLX – https://www.olx.in/
- Indianroommates – http://www.indianroommates.in/
3. Scout Multiple Places
Yes, scouting for a place to rent can be unnerving and frustrating. Hey, we’ve been there. But the alternative is settling for a house you don’t quite feel at home in. And that is a terrible option. Think about it, you are going to be living in this place for the majority of the day, every single day, for a couple of years! You want it to be perfect, your getaway from the stress of work, your go-to place for a first date, your safe spot after a breakup, your bat cave.
So buckle up and get to work. Here are some key aspects to look for in a good house:
- Check to ensure the rooms, the hall, the toilets and the kitchen are spacious enough.
- Check if the house is furnished.
- The flat shouldn’t be on a floor so high that it gives you a heart attack every time you come home.
- The flat shouldn’t be on a floor so low that you can hear dog’s bark all night.
- Check with neighbours and ensure there are no power and water problems.
- Find out from other tenants, the owner’s temperament.
- Ask if there are security guards and maintenance personnel.
- Find out if parking is available and how many spots are allocated to one flat.
4. Understand Legalities and Documentation
The moment you find your ideal house, you will find yourself in a hurry to move in. Understandable, you do not want to lose the house to someone else. In the hurry, however, do not forget to check and ask for proper documents. You should receive a renter’s agreement that stipulates all rules enforced by the owner, the parties who will be living there, the agreed rent, and importantly, the yearly increment rate. Read through every point and go through the fine print.
The owner will ask you for some sort of identity proof. A xerox of your driver’s license, voter ID or Aadhar card should suffice.
5. Know the Upfront Costs
You will probably have to pay some token amount for safekeeping. This is normal. But make sure you ask what you will be paying for and how much before you pack up your things and show up at the house. Some common upfront charges are the broker’s fee if you hired one, and a security deposit to the owner. You should also ask the owner what percentage of the security deposit will be deducted when you vacate the house.
Make it a point to confirm if there are any additional fees, like maintenance fees, to be paid monthly and which is not included in the rent.
Apartment vs Paying Guest vs Co-living
When it comes to renting a house, there are three options available to you today. You can rent an apartment, a house (paying guest) ar a co-living space.
An apartment is usually a flat in a building with multiple floors of similar flats. You get the rooms but no furnishing. You have a key to the house and the main entry gate so there are no restrictions or curfews.
A PG (paying guest) is a house with a more stricter environment where you live with other PG’s and many times even the owner.
Co-living is an option where a room that can be occupied by 2 or 3 tenants is given for rent, but you rent out just one spot and the others go to random renters. You end up ‘co-living’ with them. A sort of hybrid between apartments and PG’s.
Here’s a list of pros and cons to help you decide
|Safe with a main gate and security||Comparatively expensive (if no rommates)|
|No time restrictions||Can be noisy owing to many tenants|
|No restrictions on friends coming over||Having many tenants can cause cleanliness problems|
|Safe with a main gate and additional security||Stricter rules|
|Well maintained and clean||Nighttime curfew|
|More amenities like washing machine etc.||Shared bathrooms|
|Some also provide meal options||Need permission to get friends over|
|Furnished and ready to move in||Unknown roommates|
|Comparatively affordable||Less space per head|
|Provide amenities like washing machine||Shared bathrooms|
Can Bachelor’s be Denied Housing?
We often hear of cases where house owners turn away bachelors because, well, they are bachelors. Some owners simply prefer families. This is a tricky situation to comprehend and you might ask what the law exactly states.
To make it simple, a society or apartment community cannot legally enforce a rule to allow or deny someone housing. They can frown upon bachelors and create a ruckus, but legally they cannot deny bachelors housing. The right to allow or deny someone housing, however, can be carried out by the homeowner. As the owner of the house, they can have the final say.
Recent events have shed light on people being denied residency because of reasons like caste, or colour. This sort of prejudice is being increasingly frowned upon and has been addressed by The Real Estate (Regulation and Development) Act (RERA).
You can read about RERA here: Real Estate Market in India after RERA
Moving can be scary, but it is an experience every bachelor goes through. Sometimes house hunting can be fun and strengthens the bond between friends. Yes, it happens. So, if you are moving to a new location, or just looking to shift houses, don’t be unnerved. We wrote this guide just for you. If reading this is not boosting your confidence enough, give us a call. We’ll help you out!