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Checklist for First-Time Renters

Blog Guide to Renting
02.02.18

Finding the right property can be a daunting task. With so many things to think about, it can be quite intimidating going into the world of renting for the first time. But in reality you don’t have to feel intimidated, because here’s a checklist of all your need-to-knows.

1. What’s Your Budget?

Checklist for first time renters

It’s important to establish and decide on your budget before you begin your renting search. This way you’ll have clear financial guidelines and will be able to narrow down your rental search to find your perfect home.

2. It’s Not All Rent Money!

Checklist for first time renters

Once you’ve settled on your monthly renting budget, it’s time to look at the other costs too. This includes the monthly living cost of utility bills, council tax and food prices. Not forgetting payments such as internet and TV licence – you need to consider all your outgoings when making the move to rent.

3. Don’t Forget Your Deposit

Checklist for first time renters

Many – if not all – properties require a security deposit or a holding fee on your apartment. Along with this you may face agency fees, administration fees and signing-on fees. It is imperative to have a clear understanding of all the fees and payments needed to secure your property.

4. How Long Are You Staying?

Checklist for first time renters

Are you looking for long-term, short-term or a student-let? Different agencies and developments lease out their properties for various amounts of time. Understanding the different types of renting agreements available to you is always important when deciding on your renting terms.

5. What Should You Look Out For?

Checklist for first time renters

Once you’ve found a few properties that you want to view, it’s important to know what you’re looking for on your tour. Is the property and development clean? It should be spotless on your property viewing. If the overall complex isn’t tidy, it’s worth asking about the maintenance of the public spaces – are they serviced regularly?

When having a good look around, make sure to take note of the amount of storage space. Is the space available suitable to your needs? It’s always important to make sure your future home matches your lifestyle. If you like socialising and having friends over, take a look whether there’s any social spaces available for you to hang out in your building complex.

Don’t shy away from asking questions either. It’s good to know everything before you sign on that dotted line. Are you allowed to hang things on the wall? Is there central heating? Where are the recycling facilities? Does it come furnished or unfurnished? Make a list of questions you want to find out so you know exactly what you’re looking out and asking for.

6. Let’s Be Roomies!

Checklist for first time renters

If you’re moving in with friends or thinking of a flatshare, be sure to double-check the guidelines on having roommates. You don’t want to find your dream place and then find out that only one of you can move in.

Do you own any pets? Because if so, many rental properties don’t allow animals in their residences. However, some are very pet-friendly – so, always make sure you ask if your dog, cat or fish can come with you.

7. What Else Should You Be Thinking About?

Checklist for first time renters

If it’s your first time renting, be prepared for agencies or landlords to ask for a guarantor. This is just a process to ensure that your rent payments will be made. It would be wise to have a guarantor lined up just in case you’re asked for one.

A key selling point to many properties is their location. Have you had a look at the local area? What’s it like? Are there good transport links available? Does it suit your everyday needs?

8. Last Few Things

A question that you should definitely have answered when first renting is knowing all about the maintenance services on offer. If anything was to go wrong in your property, where and who do you go to? It’s always good to have contact details.

And finally, the most important part of renting: reading the agreement. Always, always read through the agreement (more than once) to make sure you fully understand the renting guidelines, the payments and any hidden fees.

There you have it – renting doesn’t seem too intimidating now, does it? Contracts and living arrangements to suit you are just two of the reasons why renting is the way to go. If you need a few more renting tips, check out the rest of our blog – it’s full of handy rental advice.

 

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