What You Need to Know Before Renting a House
Renting a house is a huge step that requires proper preparations. Before moving in, you must save money and find the right home. Knowing how to go about it is essential to enable you to make informed choices. Below is a guide to help you rent a house successfully. They guide you in choosing the best home to fit your lifestyle.
Find Out the Prices of Similar Houses in the Neighborhood
Property owners and real estate agents charge different prizes to people renting their houses depending on their sizes. Therefore, find out the rent amount for the size of home you need in the locality before settling on one. You may also compare the prices depending on the physical features of the houses. Knowing the price will tell you if the price the agent or property owner offers you is outrageous or worth it.
Understand the Extra Expenses Involved
When renting a house, you need to budget for the rental amount plus the extra expenses involved. Additional costs you must be aware of include repairs, utility bills, furnishings, and agent fees. After paying the rent, you will need to pay for water, electricity, and other bills. You might also have to pay for repairs and buy furniture and other interior décor items for the house. You will only set the proper budget amount by knowing the total cost of renting the home.
Agree with the Landlord about the Payment Plan to Use
Property owners and agents provide different rent payment packages for their tenants. Knowing how the property owner or agent prefers to collect rent is essential. They may ask you to make monthly, quarterly, or bi-annual payments. You may also have to make advance payments. Getting that knowledge in advance will help you know if the plan suits you or not.
Since you rent the house, you should only settle for what you find convenient. Avoid any unfavorable payment plan. If possible, request the property owner or agent to develop a better plan. Additionally, find out if there will be a rent increase and its effect.
Check If the House Has Any Damages
You might end up repairing damages that you didn't cause. To avoid that, make sure to check for damages before you move into any rental house. The previous tenant may have left some damages, or the home may be new but have some defects. Therefore, ensure to inspect the house even if it is newly built.
Check for leakages from the pipes and taps, cracks on the floors and walls, unfunctional windows and doors, and other parts of the house. Let the agent or landlord know about any damages you find for them to repair before you move in. Ensure that the property owner repairs all the defects that can cause harm before relocating to the house.
Get Evidence of the House's Physical Condition
Even though you'll inform the agent or landlord about the defects in the house, it is also essential to have some evidence about them. Since some damages are manageable, you might decide to move in before the property owner handle them. However, avoid doing that before recording some evidence to prevent problems in the future.
You may take photos or a video of the house's state and keep it as proof in case the property owner denies there were such damages. It is also a great idea to have a written document and sign it together with the property owner or agent to serve as evidence. It would be best if you didn't rule out the need for proof.
Pay for the Small Repairs
If you find damages in the house that you can repair, please do it or get someone to do it. However, you must first agree with the property owner or agent on how you will make the payments for the repairs. Make sure the property owner agrees if you pay for the repairs from your pocket. Since you are a tenant, it is essential to seek permission from the property owner before repairing any damage. You may then agree with the property owner on the amount to deduct while paying the rent.
After deciding to rent a house and saving for one, the next thing should be looking for the right fit for your needs. Make sure you settle for a comfortable home that you enjoy living in. The above tips will guide you on the right things to consider when renting a house. Additionally, they will help you choose a suitable home for the best renting experience.