Buying a house in Penang is still something that you cannot afford yet. With living expenses being so high nowadays, you try to minimize all costs as much as possible. Therefore you decide to look for house for rent in Penang and start comparing prices in order score a cheaper deal for yourself and find the perfect rental home. This guide will tell you the tips in deciding the right rental for you.
1. Know what you want
Before you start browsing around looking for a house for rent in Penang, ask yourself what do you want and what are you looking for exactly. This would save you on lots of hassles at the later step. What kind of house are you planning to rent in Penang? Are you looking for condominium unit, apartment unit, terrace house or a bungalow? What is the preferred size? How many bedrooms would you prefer? Is parking space a concern for you? Is privacy your main concern? Is the place pet friendly? Is safety the most important thing you look out for when deciding a place to rent? Do some research on rental properties in your preferred area to give you a rough idea on how much your budget should be. Prioritize on your criteria then make a list and narrow down your choices.
2. Deciding on a budget
After deciding on which kind of house that you are looking for to rent in Penang, it is time do draw up on a budget. Consider your budget and your needs. Determine a price range that you will be able to pay monthly. Be realistic and stay within your budget. As a rule of thumb, you should not spend more than one third of your monthly income in paying for rental. Keep in mind that there are other expenses that you need to take into account, such as transportation, electricity and water bills, internet, insurance, entertainment fund, traveling fund and savings. Therefore, do your planning and plan your budget ahead because you do not want to get yourself into debts. If you are engaging a real estate agent in searching for a place to rent, do let them know your budget, priorities and what you are looking for, so they will be able to come up with a list of houses that fall within your budget, specifications and needs. If the place that you like does not fit your budget, look for another house to rent in Penang. Keep on looking until you find the right one.