Tips for finding cheap apartments in Panama

The process of finding an apartment, whether to rent or buy, can be an embarrassing experience for some, while others experience it as a challenge. Finding an apartment that suits our tastes and needs which also is in line with our budget is not an easy task but following a series of tips (below), we can find interesting properties at affordable prices.

1. Analyze surrounding neighborhoods:

Choosing the area correctly will undoubtedly save you a lot of money. It is important that at the time of the search you consider those areas that provide you comfort and have the services you need daily, but there are factors that add value to the properties and may not add benefits to your life.

The areas surrounding universities, gastronomic centers or with various transport services tend to be more in demand and therefore of higher value. Evaluating the neighborhoods near the areas that are of your preference broadens the range of possibilities and you can find apartments at better prices.

2. Avoid downtown areas:

It is true that living in the center of cities offers you the comfort of having everything you need within walking distance of your home: shopping centers, bars, spaces for recreation; but it will also make the value more expensive when renting or buying the property.

If you own a car or it does not represent a complication to travel, you will find cheaper apartments a few kilometers away from the center of the city.

3. Limit yourself to what you need:

Many times, we are tempted to choose apartments that are larger than we need, with extra rooms that we do not use later. If we limit ourselves to looking for homes with the comforts and the square meters that we really need, we can find prices that are more in line with our budget.

4. Make a pre-selection on the internet:

Real estate agencies usually have many of the apartments that we can offer you published on our website. Making a pre-selection on the page will help you get a clearer idea of what you need, see the options that are available and know the market prices.

In any case, it is important that you approach personally, since many times we have properties that are not published and in addition, on many occasions we can get you a more convenient price by negotiating with the owners.

5. Consider buildings without amenities:

Having spaces for common use in the building such as a pool, games room, spa, grills, and gym provides well-being and comfort and is worth the higher expense if you are really going to use it.

Many times, our hectic life does not allow us to enjoy these common spaces and whether we use them or not, they will increase the final rental price.

6. Do not rule out apartments to reform:

It is always possible to find apartments that need small improvements at good prices, because some owners do not have the time to do them or simply have no interest in improving the property. If you are able to carry out the necessary reforms, you will surely get good apartments at lower prices.

In Panama Realty Zone we have the best properties and a wide variety for rent and sale so that you can choose the one that best suits your taste, needs and budget. Get in touch with us.