May 31, 2022

Rent Saving Tips for College Students in Bangalore

You’re pretty excited for your new rental life in Bangalore, aren’t you? But the excitement comes with a bit of anxiety about managing your finances. Right? But you see, everyone goes through that at one point or another. So all you have to do is learn a few money-saving tips. And you can find your footing as soon as you get outta that airplane and step onto the city.

And if you were to head straight into our Stanza Living residences from the airport, your life would kinda continue to be as easy as it was in your hometown. Because we’d take care of all your household chores from preparing homely meals to cleaning your rooms, to taking out your laundry. But hey, even if you don’t head straight to us, we’re happy to help you out. By compiling these 10 tips to save money while you’re renting in Bangalore. With these tricks up your sleeve, you can straight up start doing what Bangaloreans do best. Chill in the good weather all year long and make their friends in Mumbai and Delhi feel super jealous.

Best Rent Saving Tips for College Students in Bangalore

Top 10 tips for you to save money in Bangalore in 2022 are:

Looking for a place with zero hassles and 99,000 amenities? Just check out our residences in Bangalore.

Move Into A Cheaper Neighbourhood

Commuting is a bit of a hassle in the city (thanks, Bangalore traffic). So property values vary a lot as per the locality. But that doesn’t mean you won’t find a cheap neighborhood without compromising too much. You will, if you search hard enough, and crunch your numbers well. We’re talking about numbers here cuz they’ll help you figure out the maximum rent you’ll be able to afford. Kinda like how your mum makes you sit after a test, takes your question paper, and calculates the maximum marks you can score to manage her expectations well.

Do Apartment Hunting In Off-season

Just like almost every other thing, seasonal inflations occur in rent prices too. Say, you’ve landed in the city right when the financial year ends. Or when the semesters are about to kick off in a week. In those cases, you may end up paying more than your neighbor with the same house as yours. So always time your travels well. For example, if you decide to use the washroom just when your gang opens the pizza boxes, they’ll prolly finish em’ up by the time you’re back. So be wise and hold it in. Or get it over with beforehand.

Avoid Brokerage

Thanks to online rental listings, you can now find a good place to stay without depending on a broker. That means you won’t have to pay an additional sum of half your first month’s rent. Or more, in some cases. So make good use of the space in your phone, or if you’re running out of it, just delete some of the apps you never actually use (basically, at least 60 per cent of them) and download some that’ll save you monies.

Get A Roomie

Monthly expenses always come down when you live with a roommate or a flatmate. The rent gets divided. The grocery is shared. And you can even save on commuting by making plans together. Nope, you don’t have to have the same destination every time. Though you can always find common routes and drop on the way. That’s how even great emperors traveled in the past. So you can too, provided your roomie isn’t a spy out to spoil your travels.

Look For Fully Furnished Flats And Prioritise Amenities

Although getting a fully furnished place – with plenty of amenities – will cost you more on the rent, it’ll save you a lot in the long run. For example, you won’t have to hire a moving service when you shift places. Or worse, do it yourself and make a 300 IQ play to figure out how your huge bed was passed through your narrow door in the first place.

Talk To The Landlord – And Read The Agreement – Properly

We suggest you ask plenty of questions to the landlord even if you run into an apartment that looks exactly like you imagined. Because you never know when you end up in a place that shows up a ton of hidden costs later. So don’t believe people who say the first impression is the last impression. Because the first impression might be even perfect, the second impression is when things start to get real.

Try Keeping The Rent Hike Low

If you’re living in the same apartment for a long, your landlord might increase your rent after a period of time. One way to avoid this is to sign a rental agreement with a longer tenure period. But if that’s not an option, you’ve got to rely on your negotiation skills to convince the landlord about lowering the hike. So we suggest you maintain the house well and pay your rent on time to have more leverage on your side. #businessmantra

Referral Fees

When you live in a managed accommodation or a rental chain, they’ll most likely have referral offers. So in case, you can make a friend or an acquaintance move into their vacant rooms, you can earn bonus monies from that. Now, that’s a good way to make cash. And one that doesn’t need you to hustle like that one college senior selling pyramid schemes to first-years. You’ll meet plenty of them if you haven’t already.

Save On Electricity

You gotta keep your electricity consumption down to the minimum and make sure you don’t use faulty appliances or overuse the AC. And here’s the important thing to do every month. Note down the electricity meter readings and verify them with the bill given by your landlord. It’ll prevent you from landlord scams and also help you build a habit of keeping your consumption in check. That’s our current advice.

Get The Security Deposit Back In Full

Wouldn’t it be nice to carry a wallet full of cash when you shift out of your rental? Well, of course. But for that, you’d have to ensure that you keep the house damages low during your stay. Also, to make sure your landlord doesn’t factor in the damages that were already there from before, click pictures of the house when you first move in. Basically, it’s like keeping a Whatsapp screenshot of your bestie making you a promise, so you can call me out when they pretend to forget it later. All in good humor, of course.

Check Out Rent Saving Tips For Students in Other City

Rent Saving Tips for Students in Pune

Rent Saving Tips for Students in Delhi

Rent Saving Tips for Students in Mumbai

Rent Saving Tips for Students in Dehradun

FAQs on Rent Saving Tips For College Students

What is the Best Way to Save Money On Your Rent?

Ummm, well, that’s where you got it wrong. There is not just one, but many, many ways to save money on your rent. And we’ve compiled 10 of them below:

  • Move into a cheaper neighborhood
  • Do apartment hunting in the off-season
  • Avoid Brokerage
  • Get a roomie
  • Look for fully furnished flat and prioritise amenities
  • Talk to the landlord – and read the agreement – properly
  • Try keeping the rent hike low
  • Referral Fees
  • Save on electricity
  • Get the security deposit back in full

Which are the Best Areas to Rent A House in Bangalore?

When it comes to student-friendly rent, a house in HSR Layout would be good for you. Followed closely by Banerghatta Road and Koramangala.

What is the Average Rent in The Koramangala Area?

A quick Google search for ‘rent house Koramangala’ will fetch you a ton of listings. But to give you an idea, we took those listings into account and came up with the average rent for Koramangala which is around ₹ 25,000 per month for a 2 BHK flat.

How to Save Money While Living With A Roommate?

Here’s how you can save money while living with a roomie:

  • Shop for the whole month
  • Order less, cook more
  • Plan your commute together
  • Share stuff with each other
  • Keep a coin jar at home

Which are the Things I Should Look for in A Rental Listing?

There are 5 Things you should look for in a rental listing:

  • Location
  • Rental policy
  • High-quality photos
  • Amenities
  • Cost breakdown
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