Make sure you go over the following things before renting a new place
If you are not in a position to invest in a new house, then the option left for you is to lease or rent a place. It seems very easy and exciting to shift to a new house, but finding a good one to rent that suits all your needs can quite be a challenging task to accomplish. So, we would suggest you go through this article till the last line so that every time you are searching for a new place to rent, you will remember the exact things to consider before the big step.
Set a budget beforehand
Always try to follow the 30-percent rule, when you are going to rent a place to live in. The rule states that do not exceed 30 percent of your monthly income to spend on the rent. Spend some more time if needed to search a house that suits your budget. But if you are forced to compromise on a better apartment in a better locality, make sure it’s worth the extra money you are spending.
Know the exact place to search according to your needs
If you are not going to use the broker’s services because of the extra costs, then you might have to consider other options that will help you to get your rented place. Listed below are some important sources in which you can search for rented houses:
- Newspaper classifieds
- Apartment hunter publications
- College campus bulletin boards
- Friends and relatives
These will help you to know the rental market much better and will probably get you the best deal
Try refiltering your search
This is an important step to save a lot of time and energy when you are searching for a rented place. Suppose, you have a car and so you need a parking space. You also want a place where the landlords will allow pets. You also want your place to be near your office. These are specific requirements that are needed to jotted down, as they are not facilitated in every house you want to rent.
For example, you try to find a rented place in Sydney and at the same time, you don’t want to spend much money on electrical bills. For that, either you have to find a place equipped with solar system technology or maybe you have to call any solar system repair Sydney company and invest some money to install it.
Just like you make a CV for your dream job, you need to make a similar renter’s resume that will include all the information to convince the landlord that you will be more trustworthy than other tenants. Try putting all the personal information such as personal references, last address, current phone numbers, your monthly income or a copy of your credit report so that it enhances the chances of renting the house.
Read before you put your signature
After the documentation process is over, you need to fill in the papers provided by the landlord with your signatures. This is a very crucial step and doesn’t hustle over it. A very common mistake we make is that we don’t read the contract paper thoroughly before we put our signature on it. Listed below are certain conditions that are needed to be present on the rent agreement paper. So examine them very carefully and match them according to your needs before you sign it.
- The beginning and the expiration of your rent agreement
- The rental price
- Information about your security deposit
- Conditions based on which the landlord can terminate the rental agreement
- Will the landlord impose any penalty charges if you move out before the expiration date?
- Do you have to invest time and money on repairs and maintenance?
- Subletting is permissible or not
- Look out if you to opt for renters insurance
- Are there are any policies about guest visitors?
Read all the clauses and conditions very carefully and see if it works well for you or not. Suppose you are moving to a new rented place in Sydney, and there you find certain things that you don’t require or maybe you have to opt for any electrical services in Sydney by yourself if there are any electrical faults, then ask your landlord to lower the rent. Always remember, don’t be rude to landlords when you are negotiating for the rental deal, or else it may result in quick negative feedback.