Renting a property is big decision for individuals, couples or groups of people. You want to be sure the property is comfortable, has all the features you require, is in a good location and is safe. Many people rent the first property they view. This can be an expensive mistake. Before you rent a property there are certain factors you should consider. These are some of the most important factors.
Cost
Different people have different budgets. The cost of rent is a deciding factor for many individuals. If you want to live in a more upmarket area, you have to be willing to pay more for the property you will be renting. The condition of the property is also factored into the price of most apartments or houses for rent.
Lease Time
Most tenants and landlords sign some kind of contract. One of the most important aspects of a contract is the period of time you intend to stay in the property. Some landlords prefer longer leases while others are happy to frequently renew short term agreements with their tenants. Make sure you are satisfied with the length of time the agreement is for. Once signed, it can be difficult to break such a contract and could be a costly mistake.
Location
The location of a property is probably the most important factor to consider when you decide to rent. It determines the cost of rent, proximity to work and much more. Sometime it’s more cost effective to be located closer to your workplace and spend a little more on the rent, rather than renting for less and having to spend more on transport.
As well as being close to work, the property should be close to local amenities and transport systems. Once again, the closer you live to these facilities, the more convenient it is and the less you will pay for transport.
Safety
Everyone wants to live in a safe area. However, if you don’t do some simple research about the area you’re moving into, you may find that it’s a dangerous place to live in. Visit the location without the letting agent and ask locals or even the local authorities how safe they think the area is. This is better than finding out you’re living in a dangerous part of town once you’ve agreed to rent a property and signed on the dotted line.
Condition of the Premises’
Many renters quickly view a property and decide to move in as fast as possible. Once again this can be a mistake, especially if you sign a long term lease. There are many potential problems with rented accommodation that don’t become obvious until you move in. Plumbing, wiring, air conditioning, heating systems, lighting and the structure of the building are all areas that can cause problems later.
If possible bring along a plumbing service provider, electrician, tradesman or other building professional to the viewing, who will give you an honest assessment of the condition of the building you are interested in renting. They will quickly notice any faults or suggest improvements that can be made before you move in.
Services and Appliances
It’s important to fully understand what you are getting when you sign a rental agreement. Some of these agreements only cover the very basics such as the property itself. Others include much more. Find out if services such as waste disposal, parking, security systems, broadband and other services are included in the agreement. If not, find out how much extra these will cost. You should also know what appliances and other features such as beds and furniture are included. If they are not included with the property, you will have to budget for this additional expense.
Security and Safety
Your safety should be your main concern before you move in to a new property. Make sure there is a high quality security system and smoke detector system in the building you are viewing. If you move into an apartment block, there should be adequate security measures in place to prevent members of the general public entering the apartment block area. If you decide to rent a house, make sure people can’t access the back of the premises and that it has proper security features.
Know Your Rights
Finally find out what you can do with the property while you live in it. Some landlords are strict about what you can and cannot do with their rented property. Others are more lenient. If you intend to stay for a long period of time, you may wish to add your personal touch to the property. Find out what’s allowed before you decide to change the curtains or paint each room in a different color.
Take your time before you decide to rent a property. Consider each of the points above before signing any agreement so that you move into a place that’s the perfect match for your requirements.