With house prices constantly on the rise, more and more families are choosing to rent a property to live in rather than get a mortgage and buy their own. In many cases, this is due to the fact that houses are becoming more difficult to afford, and sometimes it is by choice, for example somebody who has to move around a lot for work may not want to tie themselves to one area by buying a home, so will rent instead. To ensure that you get the best experience from renting your property and are a happy tenant, here are just a few things that you should do.
Make Sure Everything is Clear
The last thing that you need is for your deposit to be declared non-refundable when your contract is up because you have missed something on the rental agreement. Some landlords are more lenient than others with what they will let their tenants do, whilst others can be quite strict. In order to ensure that you don’t end up making a costly mistake by doing something that you thought was allowed, it’s important that you take the time to go through the rental agreement. If there is anything that you are unsure about, the best thing to do is contact your landlord – after all, if you get their permission to do something such as keep a pet or redecorate, they won’t be able to penalize you for this at the end of your contract.
You’ve heard of home insurance for those who own their own home, but what about insurance for renters? Although your landlord will insure the actual property so that they are covered financially should any damage come to it, what can you do to protect the belongings that you keep in the home? Renter’s insurance is designed specifically for tenants, and covers anything which belongs to you kept in the property. This includes things such as furniture and appliances which you provide yourself and do not belong to your landlord. Taking out this type of insurance means that everything is covered in the event of damage, rather than just the building. Click here to learn more about renter’s insurance.
How to Approach Renting a Home
If you are renting a home for the first time, you may be wondering how is best to approach looking for a property. In short, you should approach it in much the same way as you would if you were thinking of buying a home – after all, you’re going to be paying a lot of money to live in a property and therefore it is important that you choose somewhere that is going to be safe, comfortable and convenient. Arranging viewings and even having the home surveyed by a professional before you make a decision is a wise idea when renting a property, and it can save you from running into problems further down the line.
Do you choose to rent rather than buy? Let us know why in the comments.