Whether you’re a pro at moving around the island or the world, or you’re a first-time renter, finding a rental property to call home can be an intimidating task. Don’t let the excitement overwhelm you. Doing your research and having a plan will ensure the best possible outcome for your apartment or house hunting on the Maltese or Gozitan market. If you’re moving out of your childhood home there may be things you need to be looking out for that you may not be aware of or that you may take for granted. Make your journey to independence easier before signing any contracts or any cheques. Here are a few questions to ask yourself and things to consider when you plan on renting.
How much are you willing and able to spend on your new rental home?
Before even considering renting out a place, do your research to figure out some typical rates for places in the specific area you're interested in. This will help you understand what’s out there on the property market in Malta and Gozo and how much you should be prepared to pay. If you’re looking for ways to cut costs here don’t hesitate to explore finding and living with a roommate to help cover expenses especially if the location you’re interested in is considered a pricy area. Renting a property in bustling towns like Sliema, St Julians or Valletta will be different to renting an apartment or house in Mellieha or Marsaskala.Your lifestyle will depend on the way you budget all the different aspects in your life.Keep in mind the expenses that will come with rentingan apartment which will include things like food, wifi, fun and those inevitable unexpected needs.
Budget your expenses for your future home to find the perfect match for you on the Maltese real estate market.
Aside from your monthly rent, you should also consider any other extra expenses that should be added to your budget. This may include various other utilities such as water, gas, air conditioning, internet connection and electricity costs that will accumulate when living in your new flat. If you’re unsure of what utilities you are required to pay,your landlord should clearly indicate any included bills and costs you will be paying in the contract. Some of these utilities may be included in your rent.
Before renting property in Malta or Gozo, consider the amenities which will make you more comfortable in the area.
If you're health consciouscheck whether there is a gym available in the apartment blockor will you be able to find an affordable one close by?
Do you have access to your own washing machineor is there a dry cleaner or laundromat nearby?
Take a look around the surrounding areas of your possible rental property. This is really important as you’ll be spending a lot of your time there, so you want to be sure that your needs and lifestyle will be satisfied by the local amenities. If your goal is to cut your costs, you will probably have to compromise on a few of these aspects. Whatever compromise it may be, be sure that you’ll still feel comfortable in your space after signing the contract.
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