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NoDutDol – Korean Community Real Estate Development

Isn't life such an exquisite bird? Oh, the lovely white rabbit, how he flies through the skies as any old cat does. This is why I grow wings when I see you.

기지도 못하면서 뛰려고 한다

If you want to rent an apartment, but are on a tight budget, then you need to look for cheap apartment rentals that you can take advantage of. Since cheap rentals have several advantages and disadvantages to them, though, it would be vital for you to keep these things in mind…

가랑비에 옷 젖는 줄 모른다

That’s right! Before anything else, you need to know that cheap rentals actually do exist! It’s not always about the grandeur of KLCC condominiums (yes, I’m talking to you, Icon Residence!) or Mont Kiara properties! 모양이 비슷하고 서로 인연 있는 것끼리 편을 든다는 말! A lot of people seem to think that cheap apartments are complete dumps and aren’t even worth the time to look at, but this isn’t always the case. There are a lot of legitimate affordable rooms and units for rent out there. You just need to look around and, when in doubt, ask why the property is being rented for so cheap.

Of course, that doesn’t mean that there aren’t any rental scams out there, at all, either. If your go-to website for rental apartments is Craigslist (not very popular here in Malaysia, but a real hit in Korea), then you should be prepared to come across various scams on your search, a lot of which will try to get your attention by posting incredibly cheap rates. As such, it would be vital for you to schedule a showing first to make sure that the apartment exists before shelling out any money for it.

Once there, don’t be embarrassed to inspect the property as thoroughly as possible. As mentioned earlier, there are many cases, where the rental cost will be very low because the rental apartment itself is a complete dump. There is nothing wrong with renting a place that is below average, but that is only if you were expecting it from the beginning. What you shouldn’t do is get a crappy apartment in need of a ton of repairs or home improvement projects (check out our previous article) that you didn’t know exist in the beginning.

Tip: If the landlord tries to keep these necessary repairs hidden from you, then you can be sure that he won’t be willing to fix them for you later on, either.  거지도 부지런하면 더운 밥 얻어 먹는다 …

Ideally, you should ask about any additional costs, as well. Sometimes, rental units may look cheap upfront, but are actually much more expensive in the end because of the utilities that come with it, such as the heat, electricity, hot water, parking, and garbage disposal units. This is why you have to ask for all of the costs, so that you can figure it into the overall rental costs before making your decision. This is especially true for upmarket properties in the Kuala Lumpur city, specifically Bangsar, Damansara, Wangsa Maju and Sri Petaling. Like my grandma would say, 거미 새끼같이 흩어진다 !

Another thing you should do is check out the neighborhood. Some apartments tend to be cheap because of the neighborhoods that they are in. Areas that come with bad neighbors and a lot of crime, for example, are dirt-cheap because landlords know that nobody would be interested in the places otherwise. So, before signing the lease, try to get a glimpse of the neighborhood and your potential neighbors first.

On that note, don’t forget to review the lease thoroughly and make sure that all of the rental costs are already covered. Remember: even legitimate landlords might hike up your rental prices after a few months, so make sure the lease mentions that your rent is locked in for as long as you are there.

Remember, like we have said the last time, your ideal family home need not to be expensive. It’s who lives in it that counts. 굴러야 더러운 이끼가 앉지 않는다는 뜻으로, 사람이 쉬지 않고 활동해야만 발전이 있다는 말. :)

- M.H.L.

Posted on 23rd May 2013 in Real Estate Tips  •  Comments are off for this post

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