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LBS students? There is more than Baker Street or St John’s Wood

Don’t self-limit yourself to Baker Street/Marylebone or St John’s Wood!

The easy decision for LBS students is to choose Baker Street/Marylebone or St John’s Wood. It might be due to the famous FOMO – be close to the school and as many students as possible. After 2 or 3 months, there are so many complaints: the flats are old even if the rent you would pay is in the highest end in London, nurseries are expensive (between £2,000 and £5,000 a month), food and restaurants are expensive, the flat is 25 minutes by walk from a tube station. After the first year, most of the students living in those areas will move to another neighboorhood.

Be open-minded! There are so many areas that are amazing, like Islington/Angel, West Hampstead, Maida Vale, and Camden. You can be 20-25 minutes door-to-door to LT1 by living in one of those areas, with the advantage of having better amenities, better deals in your everyday life and avoid the need of moving to a new place for your 2nd year at LBS.

These are just a few neighborhoods. You can use our free concierge services to discover flats and neighboorhood in a very easy way.

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Finding the right flat – Top 5 mistakes

The best advice that we can give is… use your free concierge services at SearchSmartly 🙂


Mistake #1 – Signing a contract without having someone viewing the property

Have you ever heard about the 3 MBA 2015s that ended up renting apartments at LBS for 3 months because the flat they signed for was … not a flat.

HouseHunting

We have warned you guys! Have at least a trusted friend to physically visit any flat you intend to rent.


Mistake #2 – Trusting the pictures on the estate agency websites/Zoopla/RightMove

Did you know that 67% of the pictures you see on RightMove, Zoopla and estate agency websites are pictures that are 5 to 10 years old? Those pictures do not represent the reality.

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Mistake #3 – Accepting a flat visit without any pictures/details about the property

If you have time to kill, it is better spending it at the Windsor. Many estate agents (not all) are incentivized based on the number of visits they make during the day. They also need to report to the landlords how many viewings were conducted against their flats.

Yes, estate agents are mainly paid by landlords, so they serve first the landlords. That is why potential renters are usually called in the industry “applicants” and not customers …

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Mistake #4 – Working with a “bespoke” estate agent that nobody knows

Don’t be fooled by fake estate agents. There are some of them in New York, Paris and… London. Yes, you can find some properties on Gumtree but no, don’t hand over money to estate agents you find on Gumtree.

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Mistake #5 – Relying on a verbal agreement and sign a reservation contract 

Have you noticed that the kitchen needs a lot of cleaning? If you really want the flat, write down in the reservation and/or tenancy agreement contract a condition stipulating that a professional cleaning of the kitchen needs to happen before you move in.

Does the flat come furnished? Understand and list down all the furniture you want to keep in the flat, take pictures and list them down on the reservation and/or tenancy agreement.

When the reservation contract is signed, you have lost most of your negotiation power.

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Our Journey Begins

So here we are!

After a few months developing our concierge services, here we are ready to find a place for you to call home, settle in and enjoy life. SearchSmartly is live!

Sit down and let us guide you!

The SearchSmartly team

“A home is where your heart is. A place that SearchSmartly proudly helped you find!”  — SearchSmartly