Flat for Rent in Pune: Search Affordable Apartments by Locality and Budget
Finding a flat for rent in Pune is difficult and stressful as compared to buying a flat. This is because Pune is one of the biggest metropolitan cities, and offers a good quality living option than most cities in India. Hence, despite the high prices of properties and the high value of rent, people are moving into Pune. Furthermore, if you want to get a flat for rent in a prime location, you will basically need to compete with others.
This article consists of a guide for people who are looking for flats for rent in Pune. Hence, this article provides you with the steps you need to take to find a flat for rent. Furthermore, this article also provides a detailed explanation of each of these steps.
To search for a flat for rent in Pune, you will need to follow the steps below:
Set a Budget for a Flat for Rent in Pune
The foundation of your search depends on your budget. Hence, you will need to make sure that you are setting your budget beforehand. This is because if you want to rent in this vibrant city, it will vary based on a lot of factors, including the size of the flat, location factors, amenities, etc. Hence, you will need to find out your financial comfort zone before you start finding flats for rent in Pune.
The following are the ways through which you can set your budget before you search for a flat:
1. Start Tracking Your Expenses
Before you make a budget, you will need to list down your monthly expenses. These might include utilities, transportation, entertainment, and other expenses. Hence, you will have a better picture of your disposable income. As a result, you will be able to determine the money left after necessities.
2. List Down Additional Factors
Apart from your housing expenses, you will also need to factor in other expenses. This will give you a better idea of your current situation. Furthermore, apart from your rent expenses, you will also need to think about security deposits. In most cases, the security deposit is equal to two months of rent at a time. Apart from that, you will also need to consider brokerage fees, monthly maintenance charges, and more.
3. Evaluate Your Lifestyle Choices
Your lifestyle choices shall heavily influence the budget you have for your rent. For example, if you want to live in a central location with more convenience, you will have more expenses than a flat for rent in an affordable location. However, in the latter case, you might have a longer commute to your workplace or any popular location.
In addition to that, you will also need to consider the space you want in your flat. Such lifestyle choices will surely have an influence on your budget for the rent.
4. Take the Advice of Financial Experts
If you are still not sure about how your flat rent fits into your financial plan, you will need to consult a financial advisor. A financial advisor can help you determine a comfortable rent plan and a loan for your flat that works best for your financial goals.
5. The 30% Rule
One of the best ways to save your money for rent is to keep your rent below 30% of your monthly income. This means that if you have other expenses to cover, you will be able to do it with ease. Hence, you will not need to divert from your financial goals.
Explore Affordable Localities for a Flat for Rent in Pune
You would need to explore a locality that is friendly to your budget. Basically, since the cost of living in Pune is on the higher side, it is always better to look for an affordable option if you are on a budget. The best part is that Pune has a range of neighborhoods for different types of budgets. The following are some of the major locations that are common among people who are looking for a flat for rent in Pune:
1. Pimpri Chinchwad
If your goal is to find a location that is a balance between affordability and connectivity, this place is a good option. This place has good infrastructure and transportation facilities. Furthermore, as the site has a big industrial base, it also has a decent number of residential societies nearby.
2. Hadapsar
Young professionals and students like to stay in this place. This is because Hadapsar is close to some of the biggest IT cities in the area. Moreover, Hadapsar also has a vibrant atmosphere where you will get all the conveniences of modern living. Additionally, you will get flats of different sizes and features in the area.
3. Wagholi
This place is present on the eastern side of the city and is on the verge of rapid development. Hence, you will find a mix of independent houses and modern residential complexes. Furthermore, this place is also close to the airport and has good connectivity to popular areas of the city. Hence, if you are looking for a pocket-friendly option, Wagholi is a good place to look for a rented flat.
4. Ravet
This place is close to the Mumbai-Pune Expressway and is one of the busiest areas of Pune. Furthermore, the place is also known for its infrastructure as well as affordability. In addition to that, you will also get easy access to public transport and popular business hubs like Hinjewadi. Hence, if you want a well-connected place on a budget, Ravet is a good option to choose.
5. Aundh
Aundh is known for its high-profile neighborhood. However, there are affordable renting options all over the area. Moreover, you will get to see old buildings with smaller flats that are more suitable for students or young working professionals. Hence, there are more affordable renting options in the area.
Finding the Right Fit for Your Flat for Rent in Pune
The size and configuration of the flat for rent in Pune should also be an important aspect of your search. However, to determine this, you will need to understand your needs for spaces and amenities. Here are some essential steps you can take to find the right flat for your needs:
1. Matching Your Needs and Space Requirements
Once you assess your living situation, you will be in a better position to assess your needs. For example, if you are a single person or a couple, a 1 BHK flat might be sufficient for you if you are on a budget. However, if you have children, you might need a 2 BHK flat. This is because, in the latter case, you will need a dedicated space for your bedroom. Furthermore, if you have a larger family, you might need a 3 BHK or even a 4 BHK flat.
2. Look Beyond Bedrooms
Apart from the bedrooms, you will also need to consider other functionalities in your flat. Here are a few things you need to consider:
- Kitchens: Do you like an open kitchen or a closed one? If you have less space, having an open kitchen is a better option.
- Bathrooms: If you want more convenience, you can go for attached bathrooms. This will be better for families with more members.
- Balcony/Terrace: Having a balcony or a terrace will give you an extra outdoor space which is a great option to enjoy fresh air, dry your clothes, or even create a small garden.
3. Start Optimizing Your Space
Just because a flat has a higher square foot, it does not mean it will give you a lot of space to comfortably stay in. You will need to check whether a flat has optimized space or not. For example, if you get an empty flat, you can build furniture that saves more space for you. Furthermore, you must also ensure that there are no unnecessary items in the flat. This will help you to declutter your flat.
Do You Like Your Flat Furnished or Unfurnished?
Although getting an affordable flat is a relief, it can be a disaster if you do not have furniture with you to keep your belongings. Hence, you will need to consider whether a furnished or an unfurnished option is better for you.
Pros and Cons of Furnished Flats
The following are the major pros and cons of furnished flats:
Pros
Here are the major pros of furnished flats that you will benefit from:
- This is the most convenient option since all you need to do is move in. It has all the furniture necessary for a living.
- If you want to stay temporarily in this flat, a furnished flat for rent in Pune is a better option than others.
Cons
Here are a few cons of furnished flats that you need to be aware of:
- These flats mostly have higher rents as compared to unfurnished ones.
- You do not have a lot of say in the design and style of the rooms.
- There are restrictions on the usage of certain furniture items.
Pros and Cons of Unfurnished Flats
The following are the major pros and cons of unfurnished flats:
Pros
Here are the major pros of unfurnished flats that you will benefit from:
- Rents are mostly lower in those flats.
- You will have freedom of customization in this flat.
- If you plan to stay for a longer time in Pune, these types of flats are the best options for you to choose.
Cons
Here are a few cons of unfurnished flats that you need to be aware of:
- You will need to make an upfront initial investment in furniture and appliances.
- If you move out of the flat, you will need to face the hassle of removing those furniture items.
- In some locations, finding unfurnished flats is slightly more challenging.
Finding the Right Flat for Rent in Pune Based on Your Budget
When you are looking for a flat, you will need to make sure that you are able to relax and rejuvenate in your flat. Hence, one of the most crucial factors to consider is amenities. The following are some of the major factors you need to consider if you are budgeting for your amenities:
- Make a priority for all the amenities you want for yourself or your family. Keep separate columns for needs and wants.
- If you want higher security, backup generators, and more parking spaces, the rent will obviously be expensive.
- There can be additional charges for some amenities, too. For example, if you want a separate gym or swimming facility, you will need to pay separate membership fees.
- Consider your long-term plans and direct your search on the basis of these plans.
Utilize the Power of Online Platforms for a Flat for Rent in Pune
One of the best things about the digital age is that there are a variety of websites and renting platforms available where you can find the best flats for rent in Pune. Here, you can filter your localities, configurations, amenities, and more on a single platform. Hence, you will not need to contact many brokers and individuals to search for a flat for rent in Pune.
Furthermore, many platforms on the Internet are transparent about properties and their details. Here, you will get high-quality pictures of the property and even virtual tours, which will help you determine whether a property is a good option for you or not. The best part is that you can do all these from the comfort of your home.
The Role of Brokers in Your Search for a Flat for Rent in Pune
Although the role of brokers has changed in recent times, it surely did not go away. No matter how good a platform is, you will not get enough details on a digital platform the way you will receive from a broker by talking in person. This is because brokers have extensive access to a wider range of listings. Furthermore, they can also help you with the paperwork process faster. A broker can even understand your needs and negotiate rents with the owner for you.
Wrapping Up
Hope this article was helpful for you to get a better idea of how to search for a flat for rent in Pune. However, before you search for rented flats in Pune, make sure you are choosing the right platform to search and the right broker. Apart from that, you must also consider your budget, finances, and your overall needs before you choose a property.
Do you have more details to offer on how to search for flats in Pune? Consider sharing your ideas and opinions in the comments section below.
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