The basic human need for the survival of natural hazards is shelter. Adequate housing is necessary to live and lead a normal life with dignity. As we say home is where the heart is, here is an opportunity to know about apartments in Chennai, to find out your happy home.
Is it okay to rent an apartment without proof of income?
It is difficult to provide proof of income for those who are underemployed. Though there are scenarios where proof of income cannot be provided, it doesn’t mean that you cannot rent an apartment.
Proof of income does not reflect one’s integrity. Whether or not you provide proof of income, everyone deserves a roof on top of their head.
Maintain a good credit score
Get a credit card. Getting a credit may sound contradictory to solve the poor credit, but it can make a huge difference in your credit score.
Keep your credit card balance low. Your combined credit card balance should be within 30% of your combined credit limits to maintain a good score.
Provide proper bank statements
You may not be employed, or you might be underemployed, but you may have a large amount of savings in your bank account. Showing the bank statements to the property may sometimes qualify you as a tenant.
Looking for rentals by owner
We may come across the many listings of apartments that say ” rent by owners”. Rent by owners means that the apartment is directly rented by the owners and not by any third party. It is advisable to have a direct relationship with the owner as it builds trust between the owner and the tenant.
Providing any usual income
You can provide your usual income statements like
- Workmen compensation statement
- Federal tax return
- Severance statement
- Court-ordered agreement
- Social security statement
Freeways to make your apartment cosy:
- Get rid of things you don’t need
- Make a colourful rug out of an old T-shirt
- Display photo frames on the wall
- Light up scented candles
- Use Christmas lights behind curtains
- Make up your bed by layering it
- Cover old pillows with sweaters and display them on the couch or bed
Decorating and styling it:
Once you decide where to live, the next step is to decorate it, so choose colours and patterns carefully. A trick that most interior designers use to make the apartment look good are the mirrors.
Using a tall mirror makes the ceiling appear higher. Hanging up the photos and artwork of yours makes the room more interesting.
How to choose the right one?
1. Pick up the location.
The first step in choosing the right apartment is to pick an area where you think you want to live. It limits the search. It is okay if you are interested in multiple locations since you can have more options to sort.
2. Decide what you want.
Decide what you want in your apartment and how you want your apartment to be. Check if the apartment has parking. Consider if you are living near parks, schools, restaurants, and all those places that you would need.
Some of the apartments offer pools and clubhouses for relaxing. Other amenities such as surveillance cameras and easy access to parking are also necessary.
3. Make a budget
Scan the rental market and make sure how much you can afford. Make a checklist that your apartment has everything that you wanted
4. Quick reality check
There might not be an exact match between your ideal apartment and your budget. You might have imagined a two-bedroom apartment, but only one-bedroom apartment might fit your budget. So you should again frame your ideal apartment within the budget.
You can also compare your apartment with other apartments to know the difference between the prices and you can choose the one which suits you the best.
5. Read the rental agreement.
Before signing the agreement, make sure to read the agreement thoroughly, and you are comfortable with it. Read the terms and conditions, how the management handles the security deposits and insurance and ask more questions about it before signing the agreement.
Is it worth buying an apartment in Chennai?
A massive influx of population, owing to the growth in employment, especially in IT and manufacturing sectors, has led to a rise in the demand for properties and in the capital value of the assets. So it is a better choice to look out for apartments in Chennai.
