Whether you are flying the nest for the first time or just looking for short-term temporary accommodation, renting can be a great choice. You must, however, ensure you take the time to evaluate your options and avoid snapping up the first available property within your price range. Continue reading to find out what you should consider before renting.
1. Whether Or Not You Can Afford It
When it comes to searching for somewhere to live, whether or not you can afford it should top your list of priorities. If you have scoured the real estate market for months and came up short, it may benefit you to increase your preliminary budget in regular increments until you find the perfect property for you. By doing so, however, you must set yourself a limit and know exactly what you can and can’t afford beforehand.
As well as being able to afford your monthly rent payments, you must also be in the position to pay bills, taxes, and general living expenses on a regular basis. If 50% or more of your income is to your landlord for monthly rent payments, you must determine whether your property is worth paying such a steep price for or whether you would rather benefit from more money to be spent on various essential and non-essential items every month.
2. If It Is In The Desired Location
As well as establishing a budget and sticking to it, you must also ensure the property you intend to rent is in the desired location. Whether you have done your research and concentrated your search on a number of key geographical locations or are in the position to be flexible, this is one of the first decisions you should make.
For example, a property may wow you upon arrival but if it is a 60-minute walk from the nearest public transport link and you are a non-driver, it may not necessarily be the best option for you. To find out whether or not this is likely to be a problem, research how long it will take you to commute to and from work on an average day.
In addition, if you are unlikely to travel across the city to meet your friends, they are unlikely to return the favour. This can end up having a negative impact on your social life in the long run. If you are searching for a rumah sewa shah alam, you must ensure it is within close proximity to a number of key amenities.
3. What Costs Are Involved
If you are unfamiliar with the process of renting a property, it can be easy to get lost in the excitement of it all and dismiss any hidden or extra costs that may be expected of you either now or in the not-so-distant future. But by planning ahead, you can protect yourself from being hit with a substantial bill or invoice down the line.
As a general rule, the fees an estate agent requires will differ from the fees that another estate agent requires. As a result, you must shop around for the best estate agent to suit your individual budget, needs, and wants during your search for the perfect rental property.
It may also benefit you to ask how many weeks’ worth of rent is due upfront, what the tenancy fees are likely to be, and if there are any additional costs to factor in ahead of time. This can ensure both parties are fully aware of their duties and responsibilities throughout your entire tenancy period.
4. If It Has Everything You Need
If you are a serial long-term renter, it can become second nature to lower your expectations when it comes to the process of searching for your next rental property. With the rental market largely driven by speed and convenience, you may find your dreams of a property containing a freestanding bath, open-plan kitchen and dining area and sizeable garden fade within a matter of time. But aside from what you want, you must ensure the property, at the very least, has everything you need.
This may include a spare bedroom, assigned car parking space, and safe bike storage. By finding out this information beforehand, you can prevent yourself from making a costly, and time-consuming, decision that you may come to regret down the line. This can also allow you to save a considerable amount of time and money in the long run.
If you are considering renting for the first time, there are several factors you must consider ahead of time. This includes determining whether or not you can afford it, if it is in the desired location, what costs are involved, and if it has everything you need. By doing so, you can streamline the entire process from start to finish and enjoy a stress-free move.