When you are looking to move to a better place, you might not be able to judge new places adequately. A lot of people find it difficult to try and figure out what they need and what they don’t. You don’t want to move somewhere you can’t breathe in. Similarly, you can’t live somewhere you won’t be able to afford either. Furthermore, you need a place that fulfills all your needs, also including all the ones you can’t name right now. It’s one of the most common problems people face. They don’t find any problems during the apartment hunt and when they move in, they realize something’s fatally wrong. That’s when it’s probably too late to back on your decision and you have to stick with it.
Firstly, you should start with various property portals in the UAE. They are a great source of information about the various market places you can find around. So, let’s talk about a few things you should keep in mind before you decide to move in someplace.
Calculate the Budget:
The first step towards solving the problem of apartment hunting involves making a proper plan. This means that you take into account all that you have in the form of resources. You can use this to make a well-informed decision that will end up making it a long-term success. You can’t have a place that’s too fancy for you to afford to pay the rent of. Take your time to calculate all the expenses you’re going to have. That means, you take your monthly income and set aside at least half of it for rents and utility bills. You should save at least 20% of it and consider the rest of your pocket money for the whole month. This is for shopping, eating out, etc.
Next, you need to consider the cost of moving into the apartment. You can work out the lease agreement with your landlord or have your agents give you an estimate. Work with figures of maximum amounts to plan for miscellaneous expenses as well.
Consider the Time for Moving:
Although it’s difficult to wait to move into a new and better place, you should consider it before doing it. A lot of people rush in and don’t realize that they accrue a lot more expenses this way. You don’t want to move into someplace and then find out that the taxes are increasing the rents. Similarly, summertime means a lot more rents than in winter. That’s because not a lot of people think of moving in the Winter. Landlords are willing to negotiate to sublet their real estate.
Exhaust All Options:
You need to try everything around you. Ask anyone around for help who’s recently been involved with a real estate transaction. Anyone who knows any good real estate agents can be a good person to speak to. You need to know as much as you can about the best options available before you choose. Try going for more than one agent and see the competitive rates they talk to you about. Try negotiating and most of all, don’t be afraid to walk away. There’s absolutely no pressure for you to give in to anything that goes against your plan.
Compare and Decide:
When you’re exploring different options, don’t be afraid to take little notes on the pros and cons of the place. Write it down in a spreadsheet or a report that you can consult. List down the pros like amenities offered, distance from work and city, the markets nearby, the neighborhood, etc. You need to note down everything to the last single detail. If you’re looking for apartments for rent in Abu Dhabi, for example, check buildings or complexes and talk to tenants. Get a clear picture of the whole situation. If there are any problems in the area, you need to know about them before you get to deciding something.
Consider the long-term benefits of moving into a place. It might not be the permanent residence for you, but it needs to be the right decision nonetheless. So, feel free to take your time and make a very well-informed decision.