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How To Find An Apartment, House in Hanoi, Vietnam

Updated: 9/3/2020 | 5:56:36 AM
If you are a foreigner looking for a house, apartment to stay in Hanoi you will have a question of how to find a good apartment at a reasonable price. This post will give you some tips in order to help you save time and money while looking for a home that best suit you.

How to find a best apartment to rent in Hanoi at reasonable price, Hanoi is the capital of Vietnam, where many foreigners come to live and work. Therefore, the rental market for foreigners is also growing. More and more high-end serviced apartments are on the market with utility services that meet the needs of tenants. However, to find a suitable apartment that match your requires at resonable price is not easy. What should you need to do to save time and money while looking for a home that best suits to you?

1. Determine your budget for house renting.

Most people suggest that your expense for renting house should not exceed 30% of your monthly income. For example, if your monthly income is $2,000, you should spend around $600 to rent a house. Spending time to review your budget first before start looking for an apartment in order to help you figure out your price range and identify areas that suit your budget.
 
Expats living in Hanoi come from all shapes and sizes. A luxurious apartment in Hanoi (fully furnished or unfurnished) is from $700/month, which is reasonable and affordable. When you have already known how much you can afford, you can also shape the kind of property you want and the place you can have it. For example, it can be an apartment in Hoan Kiem district or Hai Ba Trung district.

2. Find your best home at convenience location.

Expats are relocating in the Eastern and Northern area of Hanoi, or Nam Tu Liem, or Hoan Kiem District or Hai Ba Trung District. The number of expats in these areas is getting higher and higher, therefore, the services offer great diversity and quality, bringing more choice for you.
 
On the other hand, in order to find a home at lower rental costs, you also can look outside an urban area maybe not a bad option. Check out apartments in urban areas such as Vinhomes Riverside, Times City Park Hill or Ciputra Hanoi, etc. within a conveniently commutable distance to work and your children go to school.
 
Consider of all transportation costs, urban areas in Hanoi takes about 20 to 30 minutes to go to the center of Hanoi. You can take buses, taxis, xe om or your motorbike to get around. However, you still need to take transportation costs into consideration, whether it’s a bus pass or gas money if you choose to live away from the city center.

3. Start hunting your dream house

Rental Price: To avoid looking at apartments over accessing your budget, set a firm number and only look for places that match within your budget.
 
Convenience: Choosing an apartment which is conveniently located. Looking for a place that’s close to work, shopping, transportation, and amenities such as laundry. Your life will be a lot easier and happier.
 
Safety: The house should have proper locks on each door, private entrances, and security with a nice and friendly neighbor.
 
To save you time and money in finding potential properties, you should work with real estate agents. You do not have to pay a commission for the agent in Vietnam. The commission will be paid by the landlord if the lease is signed. There are many real estate agents in Hanoi special focus on expat clients, you can easily find on the internet. Gialong Housing is one of them which focus on expat and has been helping expatriates find their home in Hanoi. Gialong Housing committed to finding exactly what you are looking for to match your budget, suggesting you suitable property list and giving you information on the website before visiting.

4. Walk-through and check all apartment before signing the lease

Before signing the lease you should make sure that you are happy with the apartment, location, and landlord. In addition, you should do a final walk-through before signing the contract because the previous tenants may have caused damage or maintenance issues. You need to be sure that you won’t be responsible for any issues that weren’t your fault.

5. Read carefully before signing the lease contract

The agent will send you a draft lease contract. Lease agreements vary depending on the time frame and contract terms.
 
A periodic leases contract will work best for short time live.
 
With a periodic lease contract, the landlord acknowledges that your situation could change from month to month. It allows you to pay and renew your lease monthly. However, these rents can be more expensive than a longer-term contract because you have to renew every month. The landlord reserves the right to raise the rent at any time. You need to give your landlord at least 30 days notice before stopping the contract. Therefore, this arrangement is only best when you truly need a short-term living space.
 
A fixed-term lease contract is most common.
 
With a fixed-term lease contract, the landlord will agree you stay in the apartment for a specific period of time such as six months, a year, even two years. If you choose to move out, you’re still responsible to pay for the time left on your lease, whether you live in an apartment or not. This can mean locking in a lower rate, though, which is ideal for longer-term living situations. Landlords sometimes let renters stop the contract if a penalty is paid. Therefore, you should discuss contingencies before you sign.
 
If you are looking for an apartment to live in Hanoi, Gialong Housing will help you to find the best place to be your home.
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Gia Long Properties Co., Ltd © 2015
Address: R 809 Vuon Dao building,Tay Ho Hanoi - Tel: 0989.488.668 - Fax: 
Email: gialongrealestate@gmail.com - Website: www.gialonghousing.com