What to expect from renting a home for the first time
20th November 2018
Whether you’re saving for a home or you’ve relocated for work, there are many reasons why you might have made the decision that for now, renting is the best option for you, but what’s next? From making sure you’re financially prepared to getting your hands on the keys, there’s more to renting than you may think, but with our help along the way you’ll find the perfect match in no time.
Just like stepping onto the property ladder for the first time, renting can also be intimidating – especially if you’re not ready for each stage of becoming a tenant. Here are some helpful tips to make sure that you rent with confidence!
It may not be your forever home, but you should still expect to do your research to ensure that the place you rent is the right property for you. By registering with your local letting agent they can help with your search, finding you new properties in the rental market that match your criteria. Try and look at things that may not seem right on paper, because you may be surprised by the reality.
Unfortunately, not all landlords are reliable and above board; if you choose not to rent through a reputable letting agent, do be mindful of rogue landlords. To avoid falling for a rental scam try to always meet the landlord in person, avoid transferring money before signing and receiving all appropriate legally required documents and, if you have any questions, be sure to ask one of our local agents.
When you first start to view possible rental properties don’t just assume that your pet will be allowed to rent with you. Not all landlords accept pets, so if this is a deal-breaker for you make sure to check prior to attending a viewing.
As a tenant, you have certain responsibilities as well as rights, and before entering into any contract you should be aware of these. Your landlord must check that you have the legal right to rent in the UK, meaning you must provide certain documents to them to prove this. As well as paying your rent on time you must also look after your rental property. Although repairs and maintenance are the landlord’s responsibility, you must report any repairs needed, ensure the property is well ventilated, undertake minor maintenance such as checking smoke alarms, and dispose of your rubbish correctly.
Last, but certainly not least, here’s what you should expect when adding up the costs of renting. From deposits to fees to rent, and not to mention the bills, there’s a lot to consider and, as always, preparation is key! Knowing exactly what you’ll be paying out upfront and then each month means you’ll avoid unexpected costs, enabling you to budget accordingly.
Sometimes, a property’s monthly rent will be inclusive of council tax and utilities such as gas, electric and/or water. When viewing each property check exactly what’s included in the costs and whether there are any additional monthly or annual costs to consider.
To help you calculate the costs of living Zoopla have created a handy Running Costs tool. In addition to the day-to-day costs, there are few other things to consider before you move in, such as security deposits and lettings fees. These will all be stated by your landlord or letting agent.
To help you rent with confidence our lettings team are on hand to answer your questions. If you are looking for a house to call home visit us at https://www.hiea.co.uk/ or call our team on 01444 254400.