If you want to live in Hong Kong, you should know that apartments are small and expensive. It would be hard to send everything with international movers Hong Kong since you won’t have enough storage space. On the other hand, if you are already living in Hong Kong, you know everything about housing in this large city. It can be quite challenging to find a suitable place to live that is not overly expensive and extremely small. However, if you need more space, then, here are all the useful tips for upsizing in Hong Kong. It is not impossible to find a bigger place in a city notorious for shoe-box size apartments.
Upsizing in Hong Kong by knowing your budget
As mentioned, it can be quite challenging to find an apartment in Hong Kong. Because of high density, people are competing to find the most suitable place for themselves. Unfortunately, most apartments are extremely expensive while the size of an apartment does not correspond well to the said price. If you are coming from abroad with the best moving company Hong Kong, you will be surprised by the numbers. The rental prices in some other western cities are much lower than in Hong Kong. For this reason, if you want to find a bigger place, you need to determine your budget. A 2-bedroom apartment would cost more than $3,800 per month to rent on average which is quite expensive. The price would also depend on many other factors, such as location, neighborhood, facilities included, etc.
Start saving money
Not many people can afford to pay more than $3,700 per month. For this reason, you should start saving money. Life in Hong Kong is pretty expensive. However, it is not impossible to save money. You can cut down some expenses that are not necessary at the moment. For example, most financial experts advise to skip buying coffee, avoid expensive restaurants, stay home and cook for yourself, etc. It may sound difficult but if you have the right goal in mind, it might not be impossible. The other option would be to find a better-paying job. There are limitless options in Hong Kong. This highly developed city is always looking for professionals that can contribute to its growth. Therefore, see new job offerings for your field. You might even want to consider expanding your business to Australia. This is a popular business move for business owners in Hong Kong.
Get help when upsizing in Hong Kong
Since you need to find a new apartment, you should get some help. This would mean going to a real estate agency. If you hire a real estate agent, you will have to pay for their services. However, this is nothing compared to all the work they will do for you. Here are all the benefits of hiring a real estate agency.
- They know all the apartments in your preferred area
- Agents can negotiate with a landlord to lower the rent
- You can visit multiple apartments in one day
- They will do all the paperwork
If you want to look for an apartment yourself, it will be more challenging. Unless you are well familiar with Hong Kong and have all the language skills, you can do it alone. However, if you are a newcomer, it would be better to hire a real estate agent.
Visiting all the potential apartments
When you will go to see all the apartments, you should be well prepared. First of all, they are going to be expensive, especially the pretty ones. Most landlords will ask for more money if the apartment is newly renovated and in a good location. Second of all, you should be open to all the options. Some apartments might not look the best in pictures, but they have a lot of potentials. The same goes for apartments that look great in pictures. In real life, they might be a big disappointment. For this reason, you should not have too many expectations. Try to go and see all the places without any judgments. In addition to this, if you plan to have a pet over with pet movers Hong Kong, make sure to ask your future landlord for permission. Not everyone allows pets in their apartments.
Consider renovating when upsizing in Hong Kong
As mentioned, some apartments might not look great at the first glance, but they can have a lot of potentials. For this reason, see if it would be more affordable to rent this type of apartment and invest in renovating. This can be a good solution if you plan to live in Hong Kong for a long time. In addition to this, this would be a great option if you plan to purchase a property here. This way, you will save more money. When renovating, you can make choices according to your budget. You can also hire an expert for this purpose if you do not have any ideas. However, there are many amazing and smart ideas for renovating that you can find online. Sometimes, renovation might be a better solution since you can renovate the apartment according to your personal taste.
Should you stay in a small apartment or go for a bigger one?
As you can see, it is quite expensive to find a bigger apartment in Hong Kong. The competition is extremely high, so landlords are using it to their advantage. However, if you are looking to change your small place for a bigger one, there is always a way. When you are upsizing in Hong Kong, it is important to have a big budget. Start saving money as soon as you can. Then, it would be smart to find a real estate agency. They can help you with negotiating with a landlord about your rent. Usually, they can lower it for a certain amount. Lastly, consider renovating if you cannot find something suitable. Look for apartments with a potential.