HOW TO FIND THE PERFECT PUNE FLAT?

Many people believe Pune to be India’s second-largest information technology hub and the country’s top car manufacturing centre. It has been termed the “Oxford of the East” because of the wide range of educational institutions it houses. Because of the large number of students that travel to Pune to pursue higher education, they would need to rent house in pune throughout their stay.

Pune, located in the scenic Sahyadri foothills, has year-round temperate weather. Temperatures in the north and south of India are vastly different, as is humidity. Rain is a common occurrence in the months of July through September in Pune.

To help you choose a place to live in Pune, we’ve put up a step-by-step guide covering everything from where you should start looking to how to get settled in.

• Neighbourhood

You’ll get the kind of tenants you’re looking for and the vacancy rate you’ll get based on where you buy. The bulk of your potential tenants will be students, and you may have a difficult time filling vacancies throughout the summer. Communities that want to keep their rental properties from being converted into condominiums demand expensive licencing fees and impose a lot of bureaucracy in order to keep them that way.

• Property taxes

It’s essential to know how much money you’ll save in property taxes since they might vary significantly from place to place. Property tax increases may not be bad if you reside in a desirable neighbourhood where long-term tenants are lured. But there are also less attractive regions where the rates are the same.

Or, you might try calling around to see if anybody knows, or you can check with the local assessment office. Keep an eye out for potential increases in your property taxes. Taxes may be raised much above what a landlord can charge if a town is having financial problems.

• Schools

When shopping for a home for a big family, the quality of the schools in the region should be taken into account. Though your primary concern is the monthly income flow, the value of your rental property comes into play if you ever decide to sell it. Buying a home in an area where there are no good schools might have an effect on the property’s value.

• Crime

A crime hotspot is a no-no for those who wish to live there. However, the local police or public library should be able to provide credible crime statistics for each neighbourhood. Vandalism and other central and minor crimes should be monitored to see whether they are on the rise or diminishing. Also, find out how often your neighbourhood is patrolled by the police.

• Pool of Employers

Renters prefer to live in places with a more significant number of job opportunities. The Bureau of Labor Statistics (BLS) or your local library may help you find out how many jobs are available in your area. If a considerable firm is moving into the neighbourhood, there will be a rush of individuals seeking a place to live. In some instances, this might raise or reduce the cost of owning a property. Your renters are likely to desire to have that business in their backyard if you allow it in your neighbourhood.

• Amenities

See whether there are parks, restaurants and gyms in the immediate area, as well as movie theatres and public transportation. Depending on where you live, your city hall may be able to help you discover a good mix between public and private amenities.

• What’s in store for the future?

A municipal planning department is responsible for zoning and planning in the area that may provide this information. A densely populated place with a lot of construction is ideal for economic development. Avoid new products that might harm the value of surrounding properties. A new building might put your property at risk of being overtaken by it.

• Number of vacancies and listings

It is critical to determine whether a neighbourhood is undergoing a seasonal cycle or a declining trend in value if there are a lot of houses for sale in the area. Due to high vacancy rates, landlords are compelled to reduce the rent in both scenarios. Because of low vacancy rates, landlords may raise rents.

• The typical monthly rental fee

You’ll need to know the average rent in your area as a landlord so that you can prepare your budget. Consider the financial implications of buying a house before deciding whether or not to go forward with the purchase. By doing sufficient study, you should be able to anticipate where the area will be in five years’ time. There is a risk of bankruptcy if you wait too long to buy in a region where taxes are expected to increase.

• Disasters caused by nature:

It’s essential to know how much insurance will cost you since it’s an extra expense that must be mentioned in your taxes. If you reside in an earthquake or flood-prone area, your rental income may be affected by insurance costs.

• Acquiring Information

To get a complete view, talk to people in your neighbourhood as well as those who work for the government. Both landlords and renters should be contacted. Renters are more upfront about the negative aspects of their neighbourhood since they don’t have an interest in it. It’s a good idea to get a feel for the community by visiting at various hours of the day and on multiple days of the week.

This concludes our discussion of the easy steps involved in locating and moving into a furnished apartment for rent in Pune, such as stanzaliving.