Everything You Need To Know About Renting Your First Home

House prices are skyrocketing and more young people than ever before are waking up to the possibility that they might never own their own homes. It’s important that they get off on the right foot and that their first rental experiences are positive ones. Moving away from home and renting your first property can be a daunting process, of course, but if you’re adequately prepared, it should be less terrifying. With the right attitude, it can actually be rather exciting and liberating.

Research

Take your time and don’t just jump at the first property that seems liveable. You could be living there for multiple years, so it’s important that you feel comfortable. It is also important that you take into account your commute, proximity to friends and family, and the suitability of the area and the home itself. Property search portals are perfect platforms from which to make the first move.

Check for Scams

Rental scams and rogue landlords are unfortunately rife, but there are a few common signs to keep a look out for so you don’t fall victim.

  • They won’t let you view the property and they won’t meet you in person.
  • The person asks for a money transfer before documents have been signed.
  • They refuse to offer information that you ask for.

The Money

Remember that you’ll need to put down a security deposit before moving in. This deposit will be returned to you at the end of your lease as long as you stick to the rules and no serious harm comes to the property during the duration of your stay. Also, remember there might be more fees to consider than just tenancy fees. Utility bills, local bills and more should all be taken into consideration when choosing a property. It is important to stay within your means where possible and always leave a little money aside.

Personalize

Just because you’re living in rented accommodation, that doesn’t mean you have to make do with the existing décor. Of course, you’ll need to check with the landlord first if you want to do anything drastic, but decoration should be entirely up to the tenant. This means changing the curtains and blinds, supplying your own furniture, and decorating your rented house with the things that you like to make your house feel like a home.

Also, remember those essential household items! You’d be surprised how many basics people who have never lived away from home take for granted.

Roommates

Finally, make sure you’re going to be comfortable and happy with your roommates. No matter how close you might be with someone, living with them will always be an entirely different experience. If you’re moving in with strangers, meanwhile, make sure you meet them first and draw up a list of ground rules. If you have even a shade of a notion that someone is going to be unreliable; say no.

Conclusion:

The tips listed above should help ease your mind when you are renting a place of your own for the first time. These tips will help give you peace of mind during the process of renting a place of your own.   

Featured Image via Darby Britton on Instagram

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.