9 things you must know before looking for an apartment in Ho Chi Minh City

If you can’t afford buying an apartment in Ho Chi Minh City, your solution is probably to lease. Though moving to a new apartment can be very exciting, finding a good one to rent could be a daunting task. There are things you should consider before the big step, so here are our ten picks to make sure you’re prepared before you sign your name.

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Apartment for rent search

1. Set a Price limit

Consider how much you can afford to pay and follow the “rule” not to exceed 30-percent of your monthly income. Focus your search according to your budget and though you may be forced to compromise when finding a bigger apartment in a better area, make sure it’s worth spending the extra money.

If you’re looking for a cheaper place to rent, try roommate services to share an apartment, but make sure you know what types of people or habits you’d prefer to avoid.

2. Where to search?

It is easiest way for expat that is to use brokerage service. It is commonly free of charge. One of the reliable channel is Housing Saigon (housingsgn.com), with a professional service and most beautiful apartments in Ho Chi Minh.

Talking with your agent and  You’ll know the rental market much better and will will probably get yourself a better deal. Also tell your friends that you’re looking for an apartment to rent and maybe they know something in their buildings.

3. What to search for?

Take a sheet of paper and write them down your requirements list. Do you want a quiet building close to school or work, that allows pets and has free parking?

You may also want to visit the neighborhood at various times of the day, night and weekend to see if it’s what you expected. These all count when you decide where to live in for the next few months, if not years.

4. What’s included?

It’s very important to know if the rent includes water, electricity, cable or Internet connection but more important is to know what are the average utility bills in the building. Ask the landlord if you want to be make sure you won’t get crazy numbers on your bills.

5. Read before you sign

A common mistake we usually make is not to read a contract before we sign. Obtain a copy of any rules and regulations, make sure you go through everything and before you sign the lease, check to see if these are mentioned:

• The beginning and the expiration date
• The rental price and information about your security deposit
• What are the reasons for which your landlord can terminate your lease contract
• Are there any penalties for moving out of your apartment before the expiration date?
• Are there any responsibilities on your head for repairs and such?
• Is subletting allowed ?
• Is there a policy about guest visitors?

6. Contract issues

It’s a big move so you have to make sure you’re covered on every aspect so never sign a lease without seeing the apartment even if it’s a bargain.

If you enjoy privacy, keep away from a lease that gives the landlord unlimited access without notification. Tenants have their rights and a landlord should be permitted without notice only in case of emergencies.

Inspect the apartment

Most important thing when you inspect an apartment you plan to lease (or buy) is not to let the looks deceive you. Look for the “hidden” attributes and if there’s any damage ask for it to be repaired otherwise you may be blamed for it later.

7. What to look for

You like the price, the area is great, but you need to see where you’re going to live. Here are a few things to take a closer look at:

• Pipes – be it gas, water or anything else, check for leaks.
• Sink faucets, shower heads and water – make sure water (both cold and hot) really comes out of the faucets and the shower head and it’s with a decent pressure. Also the toilet has to flush properly and thoroughly.
• Electricity and appliances should all be working. Check if all the lights or other electric devices are operational. Also check the air conditioner and the heater to see if they’re good for anything.
• Walls and windows. Check the windows to see if they open, close and lock properly. Also inspect the walls. The more walls in common (shared with adjoining apartments), the greater the chance of noise from next door.

Negotiate your lease

If you work with Housing Saigon (housingsgn.com), the team will support you to check all above points. Make sure everything went smoothly, you like the apartment and the landlord likes you.

8. Get to know your landlord

It’s very important to know some basic information about the landlord. You can ask a professional agent to share ID of the landlord. If it’s a management company with thousands of apartments for rent it may be harder to negotiate, but if it’s an elderly and they just need to secure the income each month, you have a green light to close the deal with a small discount.

You can ask the agent like Housing Saigon to do this. It is better to go thru a third party to negotiate to avoid language miscommunication.

9. Get your deal

Read the lease carefully and see what applies and what doesn’t. Another way could be to offer a longer-term lease or a higher security deposit to get better price.

In Vietnam, it is very important aspect of negotiating your lease is to be polite and not give ultimatums because you may get a quick negative answer. The better way is ask your agent to help, they will know how to work with their landlords.

Housing Saigon (housingsgn.com) is prestige and efficiency. The customers will experience professional service and ensure their benefits.