6 Things You Should Do Before Renting a House
Renting a house is a significant step that needs enough preparation. Even though you may have saved enough money, you must know how to choose the right house to avoid regretting later. For example, you'll need to research for prices of houses in the location you prefer and know the rent payment plan before moving into any house. Here are six tips to help you rent a house successfully and guide you in choosing the best house to suit your lifestyle:
1. Compare the Prices of Similar Houses in the Neighborhood
Property owners rent their houses at different prices depending on their sizes, location, and other factors. Research the cost of renting apartments in your desired locality. Compare a few of them, and choose the one that suits your needs and budget. While at it, check the houses' physical features to ensure you settle on one worth the amount you'll be paying each month.
2. Consider Other Costs Related to Renting a House
While you may have already created a budget for renting a house, the added expenses you will have to pay might surprise you. Consider recurring bills, the cost of repairs, furniture purchasing, and agency fees.
Find out the estimated amounts for electricity, water, and other monthly bills you will be paying. Also, ask the property manager, whoever will be responsible for repairs so that you can plan accordingly. You'll also have to set aside cash for interior decorations and furniture. With the total cost in mind, it will be easy for you to prepare a budget.
3. Settle on a Convenient Rent Payment Plan
Property managers provide tenants with different rent payment packages. Therefore, ask the agent or landlord the style they prefer when collecting rent. They might require you to pay annually, bi-annually, quarterly, or monthly. The landlord may also ask you to make an advance rent payment. Getting that information will let you know whether the payment plan fits your spending arrangements.
Avoid renting a house before you agree on what is comfortable for you. Only settle on a payment plan that will not strain your finances. Additionally, ask the landlord about any plans to increase the rent so you can plan yourself accordingly.
4. Check If the House Has Some Damages
If you aren't careful when renting a house for the first time, you might end up paying for damages caused by someone else. If you are not the first tenant in the house you want to rent, check for damages caused by the previous person who lived there. It would be best if you were keen to check for defects while moving into a new house.
Inspect for leaking pipes and taps, cracked floors and walls, breakages on windows and doors, and other house fixtures. Ensure to let the landlord know about any damages you detect in the house so they can repair them for you before you occupy it.
5. Get Some Evidence of the House's State
It is essential to have some evidence of the defects you find in the house, even after informing the landlord about them. Some damages are minor, and you can move in while waiting for the landlord to repair them. You only have to agree with the landlord about when and how they will do the repairs well in advance.
Make sure to record all the information you give to the agent or landlord. You can do it in the form of pictures or videos and use them to prove that the damages were there before you rented the house. Also, keep a document signed by you and the landlord as evidence of the house's state before moving in.
6. Do the Minor Repairs
If there are minor repairs you can fix, don't wait until the landlord does them. You may repair yourself or contract someone to do it. Additionally, if the landlord leaves you to do the repairs, only do it after agreeing on how they will compensate you. Only do the repairs after getting consent from the landlord. In case of any disputes with the landlord, a small claims court can help you resolve them by involving legal advice.
After deciding to rent a house, the next step should be saving enough to accomplish that. However, you will need to find a comfortable house in a good neighborhood and one you can afford. Use the above tips to get ideas of what you should do before renting a house and enjoy the comfort it brings.