With most people’s difficulty on affording a deposit to buy their own homes, renting could be their best alternative when it comes to finding a place to live.
And while some are just sceptical about having their money spent on rent instead of using it to repay mortgage, the idea is not so bad. In fact renting could give a number of benefits in terms of flexibility, work, limited liability, and living condition options.
But before you even decide on it, you should know that there are also very important factors that you should consider. This helpful guide should generally help you cover things you need to know.
1. Find out how long you have to rent the property.
It all depends on how long you need to be in that particular area for, whether because of work or something else. Keep in mind thought that the general lease duration is set at a minimum period of six months but some landlords allow a shorter term.
2. Come up with a budget to narrow down your search.
Rents usually range from a few hundred pounds for a small room to a couple of thousand for a cosy flat, and it usually covers the utilities. In some instances though, you might need to cover the utility bills yourself so be very careful so you wouldn’t get stretched too much.
3. Find the best property to rent.
It can be quite stressful as finding a home to buy. There are areas that are very ideal while there are some that you prefer not to be in. It all depends on what you need. If you have children, it will have to be near a good school. If you need a convenient commute to and from work, it will have to be somewhere nearby.
Try to look for letting agents in the Internet or ask for referrals from people close to you. Letting agents can take you through the daunting process of finding an ideal property and present great options.
4. Be informed of the letting process and get as much local knowledge.
Even if you’re familiar with the place you want to move into, you need to be aware of more details about renting like knowing that the property is legally-let in a safe environment. Your letting agent can come in handy in making you understand this, including the rules and regulations that surrounds renting a property.
5. Inspect the property. Arrange a viewing schedule for you to see if you will have any physical issues with the home you are looking to rent. Check the exterior and interior built of the place and other things within. You wouldn’t want to have a problem with some faulty electrical switches or smoke alarms, and other things like that.
6. Read through the Shorthold Tenancy Agreement to know your rights and responsibilities as a tenant. Make sure that you understand all the points stated in the agreement from the duration of your rent to your deposit arrangements. The agreement generally includes, but is not limited to the following:
- details of the landlord and the tenant
- date of the contract
- data protection
- property description including furniture, facilities, and fixtures
- deposit details
- tenant’s obligations
7. Move in with a detailed plan. Make a list of the things you need to do before moving in. Packing your stuff can take most of your time so give yourself at least a couple of weeks to a month to prepare for moving into your new home. When you move out, you may need to hire a professional carpet cleaning company and ensure that the place is spotless. Professional carpet cleaners Crawley can assist you with this process.
As long as you follow these steps, you are never to go wrong with the entire renting process.