When you move out of your house and decide to put up in a PG, it is not the search for a PG but finding one that offers true value for money, which can be difficult. As a newbie, you might come across landlords who don’t give you a clear picture or charge more yet give lesser facilities. So, when you are hunting for a PG in Hyderabad, negotiating for a good price is something you should consider practicing. At the same time, it’s a good idea to check out professionally operated rental housing providers that offer complete transparency from get-go.
With branded managed accommodation providers like Stanza Living, you can choose properties that are well-equipped with amenities, have formal rent agreements, flexible contract periods, and clean cost structures. Click here to explore Stanza Living residences across the most popular localities of Hyderabad.
But, if you have to depend on other PG options, do remember that it is possible to negotiate your lease cost or even what all gets covered. Let’s look at some of the points through which you negotiate with your landowner to get a good price for a PG in Hyderabad:
Do your Research Well
Before you contact the proprietor, it is imperative to get as many facts as possible. This implies discovering what different occupants in the building are paying for the lease, what all amenities are included, how old the building is, what are market rates in the area like, whether there are some flexible arrangements that allow you to cut down on costs and other such pieces of information that you think is necessary for negotiating.
The facts you gather will be your negotiating instruments and give you the correct point of view on how reasonable your requests are. You can have a conversation with other neighborhood occupants, investigate the landowner on the web, and look through classifieds for additional pieces of information.
Timing is the Key
The most effective way of working on your rental costs is to set up an in-person meeting with your landowner (or an agent from your property renting company) a couple of months before your rent is set to terminate (for current inhabitants), or before you sign another rent agreement (for potential occupants). Timing is key here. In case you're hoping to cut down the lease cost on your present space, you have to set up the meeting early enough for you to have the option to locate another spot if the exchange doesn't turn out to be the way you wanted, yet not so early that your proprietor has sufficient chance to supplant you with somebody who will pay more. On the off chance that you need to negotiate on rent for another spot, take a stab at setting up the meeting towards the month's end. Landowners are likely to negotiate better toward the month's end to keep a unit from the remaining void for an extra month.
Offer to Sign a Longer Rental Agreement
The more extended the rental agreement, the more your landowner can depend on receiving regular, scheduled installments. So, in case you're planning to stay for some time, offer to sign a one and a half year or a two-year lease rather than the standard 11 months, in exchange for reduced rental amount. This can also be effective in negotiating a reduced security deposit.
These are some of the ways through which you can negotiate on rent amount with your landlord. Be creative in working out these possibilities and you’ll find yourself getting better with practice.