5 critical factors before choosing your next rental property

Content

1. Type of accommodation

There are some types of accommodations that expats prefer, including studio, apartments, houses, and villas.

Apartment

There are three types of apartments. You can differentiate them through this Article: https://hanoihome.com.vn/apartments.html

House

There are two types of houses. The first one is “tub house.”. Those houses are in such popular areas that the ground floor may be used for business or storage, while living spaces are on the upper floors. They are also characterized by their narrow and elongated design. Another type of house is a detached house. It is not attached to any other dwelling. It is a separate and independent structure, surrounded by open space on all sides. Detached houses are a common type of housing in suburban and rural areas, providing residents with more privacy and space compared to attached or multi-family dwellings.

Tay Ho Westlake houses are still at the top of the list of the areas that offer the most houses; meanwhile, other districts such as Cau Giay, Ba Dinh, and Hoan Kiem have very few options for landed houses.

Villa

If you are looking for luxurious accommodation with your family, a villa is a considerable choice. Villas often come with extensive outdoor spaces, including gardens, courtyards, terraces, or even private pools. This choice is exclusive to individuals with a substantial income. So far, Tay Ho Westlake, Ciputra, Vinhomes Riversides are three areas that offer multiple options for villas.

2. The landlord

Landlords play a crucial role in the rental experience for tenants, influencing various aspects of their living situation. A good landlord is communicative and responsive. Tenants benefit from landlords who are accessible, promptly respond to inquiries, and address concerns in a timely manner, fostering a positive landlord-tenant relationship. Moreover, tenants have the right to privacy, quiet enjoyment, and a habitable living space. A landlord who understands and upholds these rights contributes to a harmonious living arrangement.

3. The neighborhood

The neighborhood plays a significant role in the decision-making process when choosing a rental house. Here are several factors related to the neighborhood that tenants often consider:

Safety and Security

Safety is a top priority. Tenants often look for neighborhoods with low crime rates and a general sense of security. Proximity to police stations and the presence of security measures contribute to this factor.

Accessibility and Commute

The location's accessibility and proximity to workplaces, schools, public transportation, and essential services are crucial. Tenants often prefer neighborhoods with convenient commuting options and minimal traffic congestion.

Amenities and Services

The availability of nearby amenities such as grocery stores, medical facilities, parks, shopping centers, and recreational areas influences the attractiveness of a neighborhood. Access to essential services contributes to the overall convenience of living there. If you live with children, school is the most important thing you need to search for in your area.

Community and Social Life

A sense of community and social life in a neighborhood is essential for many tenants. Community events, local gatherings, and a friendly atmosphere contribute to a positive living experience. The diversity of a neighborhood, including cultural offerings and the presence of various ethnic communities, can be important to tenants seeking a multicultural and inclusive environment.

Noise Levels

The noise levels in a neighborhood, including traffic noise and proximity to busy streets or commercial areas, can influence a tenant's decision. Some prefer quieter residential streets, while others may not mind a livelier urban environment.

4. The policy

When renting a property in Vietnam, foreign tenants should familiarize themselves with various policies to ensure a smooth and secure rental experience.

Security Deposit

The security deposit policy is usually outlined in the lease agreement. It may require foreign tenants to provide a deposit to ensure the proper maintenance of the property during the lease period. Understanding the deposit amount and the conditions for its refund is crucial. Typically, the deposit is returned, either in full or in part, after a thorough inspection of the property.

Rental Agreement/Lease

It's essential to understand the type of lease agreement being signed. Differentiating between short-term and long-term leases can impact tenant rights and responsibilities. Carefully read and comprehend the terms in the lease, including the rent amount, lease duration, rights and responsibilities of both parties, and conditions for contract termination.

Payment Methods

Clearly determine the rental amount, payment frequency (monthly, quarterly, or yearly), and accepted payment methods. If payments are made through banks or transfers, tenants need to be aware of the account details and the payment process.

Payment Schedule and Late Fees

Clearly understand the monthly due dates and any required prepayment period. Many contracts may specify a payment deadline. Familiarize yourself with the late payment policy, including the amount of late fees and how they are applied.

Before signing the lease agreement, it is crucial for foreign tenants to engage in discussions with the landlord, seeking clarification on any uncertainties and ensuring a mutual understanding of the terms and conditions. If needed, seeking advice from a legal professional or real estate consultant can provide additional support and professional insights.

5. Make an appointment to see the accommodation

While online listings and photos provide a general idea, an on-site visit provides a more accurate representation of the property. It allows tenants to verify the features, layout, and overall feel of the house. An in-person visit allows the tenant to assess the condition of the house.

Meeting with the landlord or property manager during the visit provides an opportunity to clarify any terms or conditions related to the lease. This includes understanding responsibilities, lease duration, and any specific rules or regulations.

Seeing the property in person helps tenants identify any potential issues that may not be apparent in the photos. This could include maintenance issues, odors, or concerns about the surrounding area. It also ensures that the property exists and is not a potential scam, providing tenants with peace of mind.

Finally, looking for a favorite accommodation is not easy, and choosing a great place to stay in Hanoi is more difficult. However, Hanoi Home is always ready to accompany you. Hanoi Home is among the most reputable brokerage houses in Hanoi. We offer the most data volume, precise information, high-quality photographs, and information that is updated every day.

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