Monday, May 1, 2017

Secrets to renting for less!

The greatest problem regarding renting an apartment on your own isn't just the nerve-wracking paperwork, but also the extortionate fees. Agent fees, key money, guarantor fees, not to mention the contract renewal fees ( every 2 years ), which can be quite tough on your budget. But there's also government funded housing called UR, which you can also consider as an option. All you need to pay for is deposit and monthly rent. Here's some tidbit of information below:

http://www.ur-net.go.jp/sumainoshiori/english/


But as you may notice, demand for UR housing is so high and it's hard to get your application through, as it's basically on a first-come-first-serve basis. But that's no excuse to give up on the option, as there are a lot of expats living in UR housing. As long as you're keeping yourself updated with the latest information, you won't have trouble looking for an apartment. You can look for agencies that handle UR apartments. Also, the best time to look for apartments is around late January to early March, which is just before the end of the fiscal year in Japan. As the new fiscal year starts in April, a lot of people move to other areas for job or school related reasons. 

As mentioned earlier, you don't need to shell out a lot of money for initial fees. And that's what gives UR apartments the edge over conventional ones. However, I must tell you that there are certain disadvantages for UR apartments that you should be aware of:


CONs
1) Just like conventional apartments, your application will be reviewed. However, the screening standards are slightly higher than conventional housing.

2) Rates can be a bit expensive compared to a similar conventional apartment with same size and facilities.

3) Rates tend to change every 3 years, depending on demand





But whether it suits your budget and your lifestyle is totally up to you :) I will keep you posted on other details.



Arm yourself with other tips on this page here

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