FINDING YOU AN AFFORDABLE ONE BEDROOM APARTMENT!!
House hunting sounds like a tiring task?
Not if you know ‘what to look for and where to look for it!A ‘high price tag’ stigma, is often attached to the world of real estate. We believe, the problem lies with the consumers lack of efficient planning and not the real estate.
Here’s how you can make HOUSE HUNTING like “a walk in the park”?
The first basic tip is to list of your needs (necessity) and wants (wish) and make sure to document it on a piece of paper or your laptop, to subtract confusions and bring more clarity to your thoughts.Once you’ve done that, the next tip is to prioritize that the lists is according to your requirements. In the case of affordability, the category for the list of needs should always be of a higher priority in comparison to the list of wants.
Affordable one bedroom apartment is exactly what mostly unmarried individuals, newly married or people willing to open a small workstation.
“One bedroom apartment is all about a comfortable, cozy space for me” said Huzaifa Alrea, a young manager for a renowned hotel, Islamabad Hotel.Now you have an idea ‘what to look for?’ now let’s move on to the second most useful tip ‘where to look for it’.
Narrow down the city, neighborhood for a one bedroom apartment. Touring around neighborhoods in the modern era is a ‘sin’ due to so much free access to information.
Thanks to information technology such as Google Maps, you can find out about the nearest facilities such as transportation, hospitals, utility stores, fitness clubs, educational institutions, or a public library.
Gather information through two ways; consulting primary sources i.e. friends, family, relatives, colleagues etc and secondary sources such as newspaper sections, magazine ads, website links, social media pages etc.
After gathering all the useful information i.e. locations, prices, rents, facilities; will come the third most important tip, Budgeting.
Budgeting, means comparing the list of shortlisted places and their desired price range with your budget.
Cost budgeting i.e. evaluating fixed costs (e.g. rent) and utility costs (electricity, phone bills etc) will help identify the most viable option. The most viable option is based according to your lifestyle needs and varies from one person to another. In the end, it is all about opportunity cost and sustainability.
For Example:
You will find centrally heated premises, swimming and gym facilities, a trained cleaning staff, big parking spaces, pet accommodation spaces in Luxury apartment buildings whereas an economical apartment building will consist of efficiently utilized spaces for accommodation, a community circle acting as a support system, access to cheap maids or helpers etc.
Living in high priced apartment may give you a luxury sensation for a brief period but in the long term it might burden you with financial stress such as maintenance costs and high utility bills. The opposite can occur for example experiencing poor facilities if you select an apartment based only for its cheap rate.
ONE BEDROOM APARTMENT FOR RENT IN ISLAMABAD
| Soan Garden (Faisal Avenue) | BAHRIA TOWN (phase 4) | Sector E-11 |
| Rs. 8,000 | Rs 17,000 | Rs 20,000 |
The last tip is to find a good real-estate agent of that location and guide him/her about your requirements and budget. Reach a suitable deal once your real estate agent gives you an offer.
Renegotiating the terms e.g. down payments and security deposits, backed up by the previously gathered information i.e. about location its rates and facilities, right there on the spot can give you a bargaining edge, allowing your needs to meet your taste.
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