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How to Find Affordable Housing Options While Working Abroad as an Overseas Pakistani?

How to Find Affordable Housing Options While Working Abroad as an Overseas Pakistani?

20 Nov 2023


As an overseas Pakistani, finding affordable housing options in a foreign country can be quite challenging. The process can be daunting, especially when you are trying to manage your finances and send money to Pakistan to support your family back home. This comprehensive guide will help you navigate through the process of finding affordable housing options while working abroad, making it easier for you to manage your expenses and send money to Pakistan online.

Determine Your Budget

Before you start searching for housing options, it is essential to determine your budget. This will help you save time and narrow down your choices. Consider the amount you need to save for sending money to Pakistan and allocate a portion of your income for housing expenses. Be realistic about your financial situation and prioritise your needs.

Calculate Your Expenses

To determine your budget for housing, you should first calculate your total monthly expenses, including food, transportation, utilities, and other miscellaneous costs. This will give you an idea of how much you can afford to spend on housing without compromising your ability to send money to Pakistan.

Allocate for Savings and Remittance

After calculating your expenses, allocate a portion of your income for savings and remittance. It is essential to have an emergency fund and contribute to your long-term financial goals. Also, consider the cost of sending money abroad, specifically when using an online money transfer service for sending money to Pakistan.

Research the Local Housing Market

Once you have a clear understanding of your budget, it's time to research the local housing market in the country where you are working. This will help you become familiar with the average rent prices, the types of accommodations available, and the best neighbourhoods to live in.

Compare Average Rent Prices

Start by comparing the average rent prices for different neighbourhoods in the city where you will be living. This will give you an idea of the affordability of various areas and help you make an informed decision.

Understand the Types of Accommodations Available

There are various types of accommodations available in most countries, such as shared apartments, private rooms, and studio apartments. Research the pros and cons of each type of accommodation before making a decision.

Utilise Online Resources

Using online resources can help you find affordable housing options quickly and efficiently. Various websites, forums, and social media groups cater to expats and can provide valuable insights into the local housing market.

Search for Listings on Online Portals

Online portals and websites dedicated to housing listings are excellent resources for finding affordable accommodation. These websites allow you to filter your search based on your preferences, such as budget, location, and type of accommodation.

Join Expat Forums and Social Media Groups

Connecting with other overseas Pakistanis through expat forums and social media groups can provide valuable information about affordable housing options in your chosen country. You can also ask for recommendations and advice from fellow expats who have gone through the same process.

Use a Money Transfer Service for Remittance

When sending money to Pakistan, make sure to use a reliable online money transfer to Pakistan as a service that offers competitive exchange rates and low fees. This will help you save money on remittance, allowing you to allocate more funds for housing expenses.

Compare Money Transfer Services

There are various money transfer services available for sending money to Pakistan, such as ACE Money Transfer. Compare the exchange rates, fees, and transfer speeds of different providers before making a decision.

Send Money Online

Opt for an online money transfer service to send money to Pakistan, as this is often more cost-effective and convenient than traditional methods. You can transfer money from the comfort of your home, eliminating the need to visit a physical location.

Consider Sharing Accommodation

Sharing accommodation with other expats or locals can help you save money on rent and utilities, allowing you to send more money to Pakistan.

Look for Roommates

Search for roommates online or through your social network to find someone compatible with your lifestyle and preferences.

Discuss Expenses and Responsibilities

Before moving in with a roommate, discuss the expenses and responsibilities involved in sharing accommodation. This will help you avoid misunderstandings and ensure a harmonious living arrangement.

Choose a Location Close to Your Workplace

Choosing a location close to your workplace can help you save money on transportation costs, allowing you to allocate more funds for housing expenses and sending money to Pakistan.

Research the Commute

Before finalising your housing choice, research the commute to your workplace. Consider factors such as public transportation options, traffic, and distance when making your decision.

Factor in Transportation Costs

Include the cost of transportation in your overall housing budget, as this can significantly impact your ability to send money to Pakistan.

Inspect the Property Before Signing a Lease

Before signing a lease, inspect the property to ensure it is in good condition and meets your expectations.

Check for Maintenance Issues

Inspect the property for any maintenance issues, such as leaks, damaged appliances, or structural problems. Address these concerns with the landlord before signing a lease.

Review the Lease Terms

Carefully read the lease terms and ensure you understand your rights and responsibilities as a tenant. This will help you avoid potential disputes with the landlord in the future.

Wrap Up

In conclusion, finding affordable housing options while working abroad as an overseas Pakistani requires research, planning, and flexibility. By following the steps outlined in this guide, you can secure suitable accommodation that fits your budget, allowing you to send money online to Pakistan and support your family back home. Remember to use a reliable money transfer service like ACE Money Transfer for your remittance needs, as this will help you save money on fees and exchange rates.
 

FAQs

How can I determine my budget for housing while working abroad as an overseas Pakistani?

To determine your budget, calculate your total monthly expenses, allocate a portion of your income for savings and remittance, and consider the cost of sending money to Pakistan online.

What resources can I use to research the local housing market in the country where I'm working?

You can utilise online resources such as housing listing websites, expat forums, and social media groups catering to expats in your chosen country.

What types of accommodations are typically available for overseas Pakistanis working abroad?

Depending on the country, you can find options like shared apartments, private rooms, studio apartments, or even shared accommodations with roommates.

Is it better to send money online or through traditional methods?

Sending money online is often more cost-effective and convenient than traditional methods. It allows you to transfer money from the comfort of your home, eliminating the need to visit a physical location.

How can sharing accommodation with roommates help me save money while working abroad?

Sharing accommodation with roommates, either other expats or locals, can help you save money on rent and utilities, allowing you to allocate more funds for housing expenses and sending money to Pakistan.


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