Moving out of your family home and into your own place can be an exciting experience. When you are ready to make a move to go out and stay on your own, Professionals Real Estate is here to help.
Dealing with first time renting troubles
As a first time renter, you may not have the rental history to support your credibility as a tenant. Professionals will help you deal with the no-win situation you may be caught up in. Our clientele includes landlords who are willing to let out their properties to first time renters, provided they have the appropriate documents.
In addition to rental history, there are a number of things you should consider when renting a property to avoid making mistakes that could later prove to be costly for you. Professionals Real Estate members will guide you through the entire process so that you don’t make any mistakes.
Where do you want to live?
The first thing to consider is the area where you want to live. To determine this, you need to consider how close the property should be to where you study or work, proximity to transport or arterial roads, the cost of renting in the area, the living conditions and the general environment of the region.
What are you looking for in the property?
The idea of moving into your own space can be so exhilarating that you may end up liking every place you see. Closing in on just one property can get really difficult, especially when you don’t know what you want in the home. Make a list of your priorities for choosing the property – the amenities you want, the area, the space available, the furniture or furnishings offers, cleaning or maintenance services, heating, cooling, etc. This will make selecting a property much easier.
How much can you afford?
For first time renters it normally all boils down to budget. No matter how much you love a property or how perfect it seems, you will not be able to rent it if it falls out of your price range. Resist the temptation to give into the looks of the place and exceed your budget, for that could lead to a financial crunch later.
Check the property before you finalise
Don’t go by photos. Always take time to see the property personally and inspect it before finalising. In fact, most real estate agents will insist that you have inspected the property before submitting your application. Find out whether or not you are comfortable in the property before you go ahead and sign the lease.
Read the lease
Make sure you read the lease agreement in full and also understand what it means. Do not proceed with the lease if you have any doubts about it or do not understand even a part of it.
Contact us today for more advice on renting your first property.