Top 10 renting tips

Top 10 Tips for Renters

Renting a home is a great option for those who are not sure that they want to spend their time in just one place, or for those who have not found the perfect home to buy yet. When the right property is selected and the right agent is used, renting can be a great experience. Using these tips, one can be sure that the experience is nothing less than the best.

Spend Time Researching

Investigate the area. Make sure that if you have children, the area is safe for them and in a good school district. Visit the prospective area and wander around on foot. You will get a better sense of the community and what life there looks like.

Utilize the Entire Rental Market

Check in with large firms, but also look into property management agencies as well as private landlords. This will ensure that you are not paying way above what is actually needed to cover the rent. Independent agents can be found with a simple online search.

Spend Time Looking at Properties

This is important to remember especially when hunting for a suitable property. You may want to hurry through the ones that don’t interest you, but don’t jump right away to a property that seems appropriate. Inspect it carefully and check all appliances to be sure that they are working. Make a checklist to have on hand.

Inquire About Agents’ Fees

Before making an offer on a property, ask the agent about their fees for references and credit checking. These fees can be competitive but should not be outrageous. If they are high, this could mean that the agent can try to get some of the deposit when you move out.

fig-2Carefully Choose who to Live with

That is, if the tenant is planning on renting with others. Money is known to be the most common cause of disputes between flat mates, so make sure that the budget is worked out solid regarding bills.

Price Haggle

This can be done with both agents as well as landlords. The tenant holds the upper hand, so you can make an offer yourself. This can add up to a significant amount when saved over the course of a year.

Set up Payments Properly

Paying the correct amount on time will put you on your landlord’s good side right off the bat. Make sure that any direct debits are set up correctly so that the money is not stuck in limbo.

Inventory the Home

As soon as you move in, and before actually moving stuff in, do a full inventory of the home. Any cracks, stains, holes, and the like should be noted. Anything of this nature will likely be taken out of the security deposit at the end of the lease.

If There Are Problems, Tell the Landlord

It is likely that they manage other properties, so they will not automatically know when something is amiss. Problems will be fixed at no cost to you, so do not hesitate to report a problem. Even something as simple as contacting a locksmith (in London or anywhere else) should be done by the landlord.

Be Vigilant About the Deposit

This should not happen, but it does. Have them prove to you what is being deducted and why so that you are not left wondering.