Rent Saving Tips for College Students in Delhi

Looking for rental saving tips in Delhi? Okay, we already got the picture. You’re either a student in North Campus who’s currently too light on the pocket for another one of the Chowranghee’s rolls. Or one who’s just got their admission letter and you’re now worried about managing your finances when you shift to Delhi. But whatever the reason behind your search for tips to save money, we folks have got your young lot covered.

Because hey, we know what it’s like being clueless when you leave your hometown for a new city. And that’s exactly why we, at Stanza Living residences, have curated the awesomeest co-living spaces in 24+ cities. They cover all your household chores (like cooking, cleaning your rooms, and taking care of your laundry) and make your living experience completely hassle-free by shifting all your house-renting formalities into our Stanza Living – resident app. Plus, we’re always ready to assist you with whatever you need. Like compiling this list of 10 tips to save on rentals when you’re in college. So follow them and you’ll be saving more than just the price of a big, greasy roll. No thanks needed.

Best Rental Tips for College Students in Delhi

Top 10 rental saving tips for college students in Delhi:

• Find a Cheaper Neighbourhood
• Do Apartment Hunting in Off-season
• Get a Roomie
• Look for Fully Furnished Accommodation and Prioritise Amenities
• Talk to the Landlord – and Read the Agreement – Properly
• Take a Longer Lease or Negotiate When You Renew Your Lease
• Pay Upfront Charges
• Referral Fees
• Save on Electricity
• Make Sure to Get the Security Deposit in Full

Looking for a place with more amenities than you can count on your fingertips? Just check out our residences in Delhi.

Find a Cheaper Neighbourhood

Apart from amenities, the locality of your apartment is the most important factor when it comes to the rent. Sure, living in a posh neighborhood might feel dope, but it takes a huge chunk out of your monthly allowance. Though, we don’t mean to say you got to live on the city’s outskirts. We just mean you can be smart while choosing your locality. Basically, if not the posh neighborhood, pick the cheapest area right next to it. You see, sometimes it’s good to stay in the shadow of greatness. Like that one mediocre classmate who gets away with a good group project just cause they’re friends with the class toppers.

Do Apartment Hunting in Off-season

Most people might not mention this but seasonal inflation occurs in rents too. If you decide to move in right before your semester starts, there are high chances that landlords will quote any number from the top of their heads. And in that scenario, you’ll not have much room to negotiate because most rooms would have already filled up by then. So the guy who said that the early bird catches the worm was prolly annoyed after missing out on a good rental room in Vijay Nagar.

Get a Roomie

Yup, getting a roomie, or two, will not only help you share the rent and other house bills but also give you some much-needed company. And we say ‘much needed’ because living in a new city will always bring you some blues at some point or the other. So having a good roomie (‘good’ being the keyword) is the best way to miss your folks a little less and also put up fewer #majormissing selfies for your bestie on Insta.

Look for Fully Furnished Accommodation and Prioritise Amenities

Okay, this one actually raises your rent, we know. But the fact of the matter is that it’ll save you more money in the long run. Plus, it’ll relieve you from some additional hassles. Like packing and moving the furniture when you shift. Or worrying about repair and maintenance for the AC that’s already put up versus a dying secondhand AC that you’ll rent on your own. So even though your rent will be higher, you’ll end up saving more. More is less, folks.

Talk to the Landlord – and Read the Agreement – Properly

After your heart’s been struck by a particular house, don’t get ahead of yourself. Make sure you interrogate your landlord (without making em feel like it) about anything and everything about the property. And once you’re done with that, don’t stop. Conjure up the same determination to read the rental agreement thoroughly. Seriously, spawn your inner Harvey Specter to scrutinise every sentence to avoid any hidden costs later.

Take a Longer Lease or Negotiate When You Renew Your Lease

So here’s what we mean – taking a longer lease ensures your rent doesn’t rise up any more than the number mentioned in the agreement. But even if your landlord doesn’t agree to it, you can avoid a huge rent rise simply by negotiating during the renewal time. For that, make sure you set a record of not delaying any of your monthly rent payments and keep house damages to the minimum. This would allow you to have more leverage during the negotiation. Or if you’ve got the negotiation skills of Don Corleone, then we have nothing to say.

Pay Upfront Charges

If you’ve enough savings on hand, you can make an offer to pay rent for a few months together for a discount on the total sum. This one might not work 9 times out of 10, but there’s no loss in trying, innit? Ask marketing managers on LinkedIn. The ones who claim to make you a social media star in 9 days. Good luck.

Referral Fees

If you’re living in a professionally managed accommodation, there are high chances they’ll have some kind of incentive for referrals. So when you’ve decided to move out, ask your friend or an acquaintance to shift in your place. No matter what amount you’re given for your referral, it’ll still be like being paid for nothing. Arguably the best feeling ever, innit?

Save on Electricity

This is kinda obvious, but most first-time renters forget about this once they move in. So we just want to nudge you towards three things. One, take a regular note of your electricity bill meter. Two, verifying the same with the energy bill that’s received by the landlord from the authorities. Three, cutting down your power usage to the minimum. After that, at least you’ll not get a big surprise slid under your door at the beginning of the month.

Make Sure to Get the Security Deposit in Full

When you move into your new apartment on the first day, click pictures of the prior damages in the house and point them to your landlord. This will prevent arguments when you ask for your security deposit back. Plus, make sure you keep damages to the minimum during your stay. Because trust us, you won’t know the value of that deposit until you’re shifting houses. And see a ton of expenses running towards you like a group of bulls in ZNMD. And no, you’ll not be smiling a Farhan Akhtar smile at that point.

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