4 Practical Tips For Having A Stress-Free Apartment Search

House hunting can be a daunting experience when you are moving out of your parent’s home for the first time or moving to a different country for study or work. However, it can also be exciting as you make big and challenging decisions.

So, the next time you are hunting for an apartment, be it to rent or purchase, and want to ensure a stress-free experience, be sure to follow these four practical tips!

Tip #1: Be sure of what you want and need

Be sure to note down your non-negotiables and top priorities when hunting for your next apartment. These are things that you need to have in your apartment. Requirements such as amenities and proximity to work are important things you can factor in as a need.

You can narrow down and focus your search when you are aware of what you want and need in an apartment. If your current need is to have a temporary short term stay whilst your home is being renovated or constructed, then a short term whole unit rental might be your answer. It offers flexibility with optional extensions when required.

Tip #2: Set aside an appropriate and manageable budget

It is crucial to set aside a manageable budget. Base this on your spending habits and what you can afford. Whether you rent or purchase an apartment, living independently incurs housing and living costs that will definitely add up over a period of time. So, ensure you make accurate calculations and be aware of every little additional cost that you may need to include. It is recommended by many financial advisors that to stay within the budget, the estimate for apartment rental should cost around 30 percent of your monthly income.

Tip #3: Be realistic

While your budget might not allow you to rent the apartment you have always dreamt of, being realistic does not mean having to compromise on quality. Similar to listing your needs and wants, once you have narrowed down the different choices of apartments, list down the functional advantages and disadvantages while removing the ‘it will be good to have’ points of each apartment.

If you want to live in a popular neighbourhood near your office, you might need to spend more on rent, but that also means you save more on travelling. On the contrary, if you live further from your office, you might save more on rent, but that also means travelling further and longer.

Tip #4: Sign a long-term rental lease

When discussing the rental term of your chosen apartment, most might think a short-term lease might be better in case there are changes to the individual’s plans. However, more often than not, a longer lease is often much more advantageous.

If you rent your apartment for a minimum period of a year, you are sure that you are paying the agreed monthly rental for the said lease period. Hence, if there are any new measures that are implemented or if GST increases, you are not subjected to those changes because of the lease agreement. In addition, a longer lease usually means a lower monthly rental cost. This is often given to encourage individuals to sign a more extended rental lease period.

Conclusion

Apartment hunting need not be a painful, tiring, and stressful experience. As long as you follow these tips closely, you are good to go in making better and sound apartment decisions. Nevertheless, ST Residences is here to help, and we provide a stress-free solution to your accommodation needs. All of the service apartments offered by us are fully furnished, which means that you can move in straightaway without having to spend extra on furniture, such as sofa, dining table, and bed. Well equipped with the best kitchen appliances and necessities such as stove tops, oven, kitchenware and washing machine, you can definitely save a great deal when you stay with ST Residences.

Whether you are looking for a short term or long term solution, we provide affordable service apartments in Singapore. Reach us at https://stresidences.com/ to find out more about what we offer and to discuss your apartment needs today!

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