You just got a new job that requires you to move to another city! That’s great but finding a new home in the new city can be a daunting task. Generally, companies give between a week to a month for accomplishing this mammoth task. Though time always seems insufficient to find a satisfactory home, being prepared and doing early research can help you make a good decision.
The first step should be to decide on a budget. While Mumbai is considered expensive when it comes to renting an apartment, Delhi might be considered comparatively cheaper. Therefore, it is important to understand the rent trends in the new city and arrive at a budget. Advance deposit and maintenance charges should also be considered for the new city. It is advisable to rent a home for not more than 25% of your monthly salary. The budget should also consider the furnishings of the new home.
Location is of prime importance while moving to a new city. The location of your home will depend upon your work location, spouse’s work location, schools, budget and public transport connectivity. Every city has residential hubs where many facilities are available nearby. Chalk down locations according to your preferences and be flexible. Consider water supply, construction sites and locality to ensure comfortable living. While considering the location it is also important to access your commute preferences. If you are going to rely on public transport for the daily work commute, it is important to look at traffic patterns and connectivity of the location before deciding. Metro and buses are available in all major cities and the proximity of these stops are essential.
Finally, before moving into a new home, you must get a valid rental agreement. A rental agreement is a principle document to create while taking any property on rent. You should check that the house owner’s name, rental address, rent amount and deposit amount are mentioned correctly. Before signing the agreement you must read all terms and conditions related to subleasing, keeping pets, return of deposit amounts and notice period for vacating. Maintenance payments are handled differently in cities throughout India, so be aware of what is the norm in the city.