Apartments For Rent in Gurgaon

Property Rentals in Gurgaon is gaining a major profile due to burgeoning corporate sector in the city. There are many upcoming corporate houses and MNCs in the vicinity of Gurgaon that has resulted in coming of numerous outstation populaces. Many well built and comfortable apartments are available for rent and also on company lease in Gurgaon. These apartments provide convenient and affordable living options to the people and become like a home for them away from their native places.

Renting of apartments has become a fixed source of income for the investors in Gurgaon who have invested in residential properties for letting them on rent exclusively. There are many property owners who provide independent houses on rent in Gurgaon for those requiring them amidst various renting conditions and tenures. There is one advantage that comes along with renting of apartments in Gurgaon. This advantage is that the rented apartment does not come with the restrictions of rent agreements demanding a minimum rental period of 11 months.

The apartments in Gurgaon come with the choices of 1 BHK, 2 BHK or 3 BHK along with additional facilities and amenities of round the clock security, complete annual maintenance and 24 x 7 power back up facilities. There are several segments of apartments that offer the living choice of 4 BHK flats along with servant quarters.

There are many locations in Gurgaon that offer perfect living choice for small families in 1BHK or 2BHK apartments at locations such as MG Road, DLF Phase I, II, IV, Sohna Road, Golf Links, Palam Vihar, and Mehrauli. The apartments at these locations are very close to various corporate houses and office complexes as well as well-developed market facilities.

The attractive and profit giving Apartments for Rent in Gurgaon has called the attention of real estate investors. Since Gurgaon’s real estate market continues to be growing by leaps and bounds, the rental turnover is likely to appreciate by 10 to 15 percent for the next couple of years. Some impressive apartment’s projects are being erected by real estate conglomerate such as DLF, Emaar MGF, Unitech, Ambience, Parsvnath, Vatika, and Tata Housing etc. Many high end and nifty apartments are being built in areas like Sohna Road, Golf Course Road, and Central Park etc especially for the premium class populace who are seeking quality apartments for rental.

Fast and Efficient Ways To Finding An Apartment In New York City

Searching for an apartment in the biggest City in the country is a daunting task; whether you are new to NYC or a 12 year veteran like me, you will need thick skin to navigate this concrete jungle! Let me start with my personal experience.

I am originally from Portland, OR, I moved to the Big Apple back in 1998. My first 5 months living in New York were spent living out of a hotel because I had a hard time finding a place. My original intentions were to stay at my hotel for 2 weeks, but I had to extend my stay since I grossly underestimated the difficulty of finding a decent apartment in New York. Now after 12 years and 7 moves I consider myself an expert in New York City apartment hunting and now I will share the knowledge I have accumulated over the years of searching for apartments by myself or using a broker.

This article is a guide that will help make the process of finding an apartment in this “crazy city” easier, more efficient and less confusing (it might even save you a couple of dollars in the process). It is all laid out in an easy to follow 6-step process.

Step 1: Figure Out What Neighborhood You Want To Live In!

This may seem like the easy part because you obviously want to be in an area that is convenient, trendy and safe, however you will soon figure out nothing is that easy in New York City. You need to determine what neighborhood fits your personality/life style and at the same time determine what kind of space/amenities you will need. For example you may work in the East Village and love the energy there but are you willing to pay the steep price tag for a “shoe box”(and by “shoe box” I mean a tiny apartment) in a run down building that is a 4th floor walk-up. Do you feel comfortable living in an area where it’s a constant party scene every night?

A book that is an amazing source of info for the ins & outs of every neighborhood is the NFT (Not For Tourist) guide of New York City. You can buy this in any Barns & Noble and make sure it is the most up to date version because there is a new version every year. Another great way of getting to know a neighborhood is by Googling it. With an endless source of information in cyber space why not take advantage of it. If you prefer doing it the old fashion way, taking a stroll through the neighborhood, go for it! But make sure you have your trusty NFT guide with you so you can spot the important things.

Step 2: Determine What You Are Willing To Sacrifice

In your apartment search you are going to have to sacrifice something whether it be size, location or amenities. You are going to have to prepare yourself mentally and emotionally because the grim reality is the perfect apartment doesn’t exist (unless you have an unlimited budget) The general rule of thumb in New York is the further uptown you go the bigger and cheaper the apartments will be. The further downtown you go the smaller and more expensive it will be.

You need to determine what is most important to you within your unique budget and find that middle ground. My advice, is if you find an apartment that is 70-80% ideal, take it, because the pickier you are the harder the search will be! I learned this the hard way a longtime ago and you do not want to get stuck chasing around that “magical apartment”. Yes, it is possible you might get lucky and find that perfect apartment but so is hitting the jackpot in the lottery!

Step 3: Determine What You Can Afford And If Your Budget Is Realistic

Once you have an idea of which neighborhoods you prefer to live in, now you have to determine if your a budget is realistic. Determine what is the average price for an apartment for those neighborhoods. How? I recommend going to a website called apartmenthero.com. This website will provide current market averages for every size apartment rental in every neighborhood in the city. Results are usually pretty accurate but sometimes they can be a little off, about plus or minus $300. When you first enter the site you will be prompted to enter information to compare your current apartment to the current market rate. If you’re a “newbie” and do not have an apartment yet, go to the right column of the website, click on “average rents in Manhattan”. Another great way is to do your own research on nytimes.com. I find that nytimes.com rental listings are much more accurate and up to date, as opposed to Craigslist and other sites where there are tons of bait & switch scams.

Next, determine what you can afford, landlord’s make this part easy because to qualify for most apartments in the Big Apple, you need to have a good credit standing (650 or above), earn a yearly household income of 40-50 times your monthly rent and if you don’t, then you need a guarantor. He or she needs to earn 80-100 times the monthly rent. For example the average one bedroom apartment in East Village is about $2,300 -$2,600 per month; you will need annual household income of $92,000 to qualify and a guarantor, would need a yearly income of $184,000 minimum.

Step 4: Timing Is EVERYTHING

I have a good friend whose ex-wife worked as a real estate agent for eight years. When they were still together, I had the unique opportunity of getting some great tips on how to look for an apartment in New York. The most impacting tip she gave me was that timing is everything. New York is unlike any city in the country when it comes to this, in most cities you generally start your apartment search two or sometimes three months before your move out date. In New York the market moves so fast that most landlords want to sign leases immediately after your application is accepted. At the very most, you have a month to search, the best deals generally come out the first week of the month or the third week of the month. Approximately 70% of the listings in the first week of the month are for movers moving on the 15th, 30% are meant for movers moving at the beginning of the next month.

Make sure you secure an apartment at least 1 1/2 week prior to when you want keys! My advice is you only need 5 days (sometimes less) to find an apartment. The first 2 days should be getting to know what’s out there, the 3rd and 4th day should be narrowing down your search and 5th day should be getting your paperwork together & submitting your application. With every rule there are exceptions, if you find an amazing place that is 95% ideal on your 3rd or 2nd day do not hesitate, take it! What is great to you is more then likely great to most apartment hunters. The vacancy rate in Manhattan is usually around 1-2% so there will be always more people looking for apartments then there are availabilities.

Step 5: Determine What Strategy You Will Use To Find Your “New Home”

This decision can make or break you depending on your situation. There are two ways to go about finding an apartment in New York City, you can do it the easy/expensive way and hire a broker to find you a place or you can do it the hard/affordable way by doing it yourself. I personally have done it both ways and it all depends on what you are looking for and what is your situation. Here are the benefits of both methods:

Benefits of doing it yourself

1) You will save MONEY!!!

-Broker fees are expensive; they range from 1-month rent to 15% of the annual rent. If the broker has an exclusive on the listing, you will likely have to pay 15%

2) You avoid shady money hungry brokers

-Lets face it in every industry there are bad apples and the real estate industry is no exception.

3) You will learn the City

-With all the walking you will be doing you will get to know the city better then you ever have before.

4) You’ll be in better shape when your done

-You will be in better cardiovascular shape because you will be walking a ton! So you better have on some comfortable sneakers.

Benefits of using a Broker

1) Faster and more efficient

-Your apartment search will be less time consuming and more efficient because brokers have access to thousands of listings you will never have access to and can show you a bunch in one shot.

2) Avoid outdated listings

-Websites like Craigslist, Renthop.com & Apartments.com are flawed and poorly regulated and most of their listings are barely updated. Brokers listings are updated daily because they have direct contact with the landlord

3) Brokers know what a landlord wants

-Each landlord in the city has their own preferences and application requirements. Brokers know what each landlord is looking for in a tenant; this can save you time, heartache and expensive application fees.

4) You will have access to more Apartments

-Approximately 41% of available listings in New York are only accessible through brokers. These types of listings are called “broker protected listings”, the land lord will only take applications represented by a broker.

Step 6: Here Are Some Great Tips

1) Talk to a Doorman

-If you do decide to try doing it yourself talking to doormen is a great way to find an apartment. Doormen not only have info to the building they are working in but to other buildings the landlord may own.

2) More is not always better

-If you do decide to use a broker, more than one broker at a time is not always better. Brokers have almost all the same listings because most listing are open. For example if you call ten brokers and give them your detailed description of what you are looking for there is a distinct possibility you will be shown the same apartments. At the same time you should not limit yourself and work with one broker, you might be missing out, because some brokers have exclusive listings. My advice is, you should only use three brokers and if you find one that you feel is competent and trustworthy, stick with him/her.

3) Use NakedApartments.com

-This website gives you the ability to not only look for rental listings while discreetly contacting brokers/landlords but you can give them a review if you had a bad or good experience. You can also look at the reviews of other brokers or landlords before you decide to contact them.

4) Don’t be afraid to negotiate a broker fee

-Most brokers would rather negotiate and get the deal done then risk having the next broker showing the apartment and rent it before him/her. Do not get carried away, no broker will take less then a month. Remember if the apartment is an exclusive listing you will have no leverage for negotiations.

Apartments For Rent For People With Bad Credit

Chicago apartments for rent for people with bad credit give you some useful tips on how to find apartments in Chicago for rent. You can make use of this article and try to rent apartments even if you have a bad credit.

All of us know the fact that a bad credit can even ruin our plans to rent an apartment. Therefore, it is always better to keep an eye on your credit score. If you have a bad credit score, try to repair it as soon as possible. However, now it is possible for people with bad credit to rent an apartment. Good Chicago apartments are available for such people.

Earlier it was difficult for people with a bad credit to find an apartment in a bustling city like Chicago. Chicago is one of the largest cities in United States. It is also a major center of commerce. Every day thousands of people come to this city for various purposes. Therefore, whether you are a tourist, a businessperson, or a family person who wants to settle here, you can rent apartments in Chicago. Usually, the apartment owners run a credit check. The property owners also run a check on court records to see whether the applicant has filed for bankruptcy or not. They also make a check on tenant history. A final check is made to see whether the tenant has any formal criminal background or felonies.

Therefore, before renting Chicago, Illinois apartments you should get a credit report for yourself from credit bureaus. Then try to make a check on your personal score. Another thing you should do before renting Chicago apartments is to clear all the dues on your earlier apartments. In simple words, clear all pending payments on your previous apartments. Make your tenant history a reputable one.

Even if you have a bad credit, try to take your property owner into your confidence. Assure him, that you will pay your rent on time. He must be assured that he does not have to go behind you every month for the rent. If you succeed in this, then surely you will be able to get good Chicago apartments for rent.

If this is impossible then try to go for smaller apartments in Chicago or try private homes in the city. Owners of such homes usually do not do much of a background check. These property owners want to give their homes for rent quickly. Therefore, you can utilize this facility and get good apartments in Chicago easily. You can as well try some online sites like Craigslist, which can help you to find Chicago, Illinois apartments. You can provide information about yourself to the property owners to avoid any further problems.