Renting an apartment is something you do perhaps just once or twice in your lifetime. If it is your first time to ever rent, or if several years have passed since you last rented an apartment, you may not really have a concrete idea on how to go about the process of finding the right unit for your needs. The same is true if you’ll be renting an apartment in a place you’ve never been before.
Say, for example, your work requires you to move to Cagayan de Oro (CDO), but you’ve never been to this city before. How do you go about the apartment hunting process? Read on for some important guidelines and tips.
The Case for Old Buildings
When you check for apartment for rent CDO, you’ll notice that several of them are old buildings that have simply been maintained and repeatedly repaired over the years. There are even old houses and other buildings that served as something else in the past before they were converted into apartments. You might wonder if it is okay to rent a unit in such a building. Aren’t old buildings fire hazards? Aren’t they likely to be infested with rats and other pests? These are common and legitimate questions.
The answer lies in you giving the place a thorough inspection before committing to rent a unit. And this advice goes for both old and new buildings. You see, not all old buildings are crumbling structures housing creepy creatures and not all new buildings are safe from infestations. In fact, there are some apartments in the city that may look dingy on the outside, but have been renovated so well that they’re actually modern, hip, and luxurious on the inside. Therefore, it doesn’t really matter whether you rent a unit in a new or old building as long as you inspect it carefully and are assured it serves your needs.
Cost of Apartment for Rent CDO
One of the most important factors that help you decide whether a particular apartment unit is the right one for you is the cost. In fact, the cost of rental is often a deal breaker, which is only logical, since you wouldn’t want to get a unit you cannot realistically afford to pay for on a monthly basis. You may even be willing to sacrifice some of the things you want in an apartment (being allowed to bring pets, being allowed to do laundry in your unit, etc.) if the cost of rent is considerably lower than that of other units in the area.
In Cagayan de Oro, the typical range of rental cost for a one-bedroom unit located within the city center is PHP 5,000-7,000. For apartment units outside the city center, the range of rental cost is PHP 3,500-5,000. If you’re moving into the city with your family, then you’ll probably want a bigger unit, in which case you should be prepared to pay PHP 10,000-15,000 a month for 3-bedroom apartments within the city center or PHP 8,000-10,000 for units outside the city center. As a general rule, you should spend no more than 30% of your income on rent.
Tips for Choosing an Apartment
The apartment unit you rent during your time in CDO will serve as your home away from home. That is why it is very important to make sure you choose the right one. You’ll want the unit to be a haven, a place where you can relax after a tiring day at work. You won’t be able to do that unless the unit your rent meets all your preferences and needs. Here are a few tips on how to make sure you find the right apartment unit:
1. List your preferences and needs
It is always a good idea to list down your preferences and needs so you won’t forget to ask about any of them when you talk to the apartment owner. It is also a good idea to list those items according to which you deem most important. This shows you which ones you can do without and which are non-negotiables.
2. Draw up a list of potential apartments
Ask family and friends for recommendations and check online listings to get an idea as to which apartments could possibly be right for you. Call the owner of each apartment on your list and ask about the most important items on your list of preferences and needs. Cross out any place that does not have any of your non-negotiables.
3. Inspect the place carefully
Visit each of the places that remain on your list of potential apartments and inspect the place carefully. Check every nook and cranny for signs of damage. Check electrical switches, faucets, doors, and windows to see if everything works as they should. Sniff the air in the unit to determine if there aren’t any funny smells that may indicate infestations and other unpleasant stuff. Check the exterior as well to see if the property is generally well-maintained and if the existing tenants take good care of their units; you wouldn’t want to have inconsiderate neighbors, right?
4. Visit the place at different times of day
If possible, visit the place during times when you expect to get to and from work so you can gauge how heavy the traffic is going to and from the area. You may also want to visit at night to see how crowded the property’s parking area is and if the area is well-lit. Visiting at night will also give you an idea as regards the noise level in the locale.
5. Consider and negotiate the terms
Ask about required deposits and/or advanced payments. Ask if the rent covers electricity and water. If not, ask if you’ll receive a separate bill or if payment for utilities is shared. If shared, ask what the average cost is. Ask if you need to pay extra if you allow guests to stay in your unit for a few days. Don’t hesitate to ask any question you can think of as regards charges, fees, and anything else concerning the rental.
Choosing an apartment wisely is one of the keys to ensuring a safe and enjoyable stay in Cagayan de Oro City. Good luck!