Avoid tenancy pitfalls!
Finding a property to rent can be challenging to say the least. It can be easy to fall in love with one of the first places you see or just see something that is ok and think that it will do. However, if you’re going to really get a great property to rent you need to make sure that you take your time and ensure that you take some steps to ensure that everything goes swimmingly with your move and your time there! With that in mind we decided to take a look at providing some great advice on finding a great property to rent.
Before you start looking
Before you start trying to find a property to rent you need to take some pre-emptive steps so that you can know a few things. Firstly, you need to check your finances and your budgets to get a good grasp of what you can manage to pay and what you can afford as a deposit and in estate agents fees. Typically you will need to pay one month’s rent up front, a month’s rent as a deposit and a few hundred pounds in estate agents fees. So before you start looking you need to know exactly how much money you will have before you can rent a property. At the same time you also will want to make sure you have a good credit rating and know exactly what you can afford to pay each month. You’ll want to factor in your wages council tax and bills to make sure you have plenty of money to live on and to enjoy yourself with! So before getting into looking make a proper budget and factor in all the additional expenses you will face when trying to find a property to rent.
Once you have your financial house in order it’s time for the much more enjoyable looking. When you’re looking for a house or flat you’re going to want to find something that fits well with your budgets and your needs. Of course you’re needs are all the obvious things like proximity to work, access to shops, schools jobs etc. However, you will also need to thing about exactly what you want and need from the property itself. It can be all too easy to rent a property only to find that it’s not really suitable for your needs or your lifestyle.
Secondly you will also want to look at the more important factors like price and area. When you’re looking for a flat or house in an area you are not familiar with it is a good idea to do some research. You should look into relative rental prices in the area but you should also look into things like crime rates, unemployment and council tax rates. While these might not be totally essential it is a good idea to have an overview of an area before you decide to move in.
Finally, when you are looking into the property itself check for property defects and other issues like mould, condensation and facilities. This way you will have a clear idea of what you will need and also what potential risks you might face!
Signing on the dotted line
Before you sign a contract you’ll want to make sure that you THOROUGHLY READ THE FINE PRINT! It’s not uncommon for tenancy agreements to have clauses and sub-clauses that may leave you slightly out of pocket. In particular pay attention to the rights the landlord holds to cancel your tenancy and how your deposit is set up and your inventory determined. Once you are happy with all these things you can actual sign and get ready to move in – congratulations!