It has been said that one of the most stressful things a person can do in life is to move to a new house. It may be fairly obvious to see why this is when one considers the packing, the actual physicalactivity involved in the move and the setting up of your new home, and of course not forgetting, the expense of moving to a new home. However, moving house can be made a whole lot easier if you follow our list of things to consider when looking for rented accommodation.
How much can you afford?
Simple right? However, this doesn’t mean how much can you afford right now; it means how much can you afford now, in the future, and if things go wrong financially. There are a lot of things to consider when moving into rented accommodation from the rent to the deposit, the price of hiring a removals company to the cost of having to refurbish and redecorate your new home. So, before you dive right into a rental agreement, think about whether you want a furnished place, if the décor can stay precisely as it is, and would you be able to pay the rent from savings if you were temporarily unemployed. Think carefully about how much rent you want to pay, and how much you can afford to pay if your circumstances change.
Can I comfortably commute?
The house may be perfect, but if you have to spend hours getting to and from work each day, is the location truly ideal? If you are planning to commute to work by car, take into account the cost of gas. If it is cheaper and convenient to travel by public transport, is it both time and cost effective? Write down your priorities when it comes to your new abode and be realistic about how much you can definitelyafford to spend on travel, and how comfortable you will be with the fact that your commute could bite chunks out of your day.
How long will I stay?
Tenants need to be especially careful when it comes to contracts because if you are looking for a long-term rental, but the contract says the landlord only needs to give a couple of months’ notice, this could be a problem. Likewise, if you aren’t sure how long you will be staying, you could face losing your deposit if you leave before the minimum amount of time stipulated in the contract.
How’s my credit?
Renting out a property is a business, and any sensible owner will want to know that their tenant will pay their rent in full and on time.This is why most landlords carry out a credit check on all potential tenants. If your credit is unfortunately bad, you are unlikely to begranted a tenancy without a guarantor, and if your credit is poor because you have been irresponsible with spending in the past, you are unlikely to obtain a guarantor. Therefore, before you even think about applying to rent your own home, you will need to correct your bad credit.You can do this by applying for a credit card designed specifically for those with bad credit. You can learn more about credit cards for bad credit on the Bonsai Finance website. If you need to move out of your current property as a matter of urgency, you may need to obtain a few references from your workplace and from respected members of the community who know you well. If a landlord queries your bad credit, explain each instance and how you are taking positive steps to repay any outstanding debts.Doing so may be enough to convince the landlord that you can be trusted.
Can I decorate?
Money may not be a problem, and you could be all too eager to put your own stamp on your new rental, but be careful, as your contract may state that no decorating can be done without written permission from the homeowner. Always check with your landlord if you intend to make any changes in the house or flat. You could lose your deposit if you fail to adhere to the rules of contract. If you have your heart set on decorating, you will need to find a home in which you can do this without repercussion. Failing that, simply rent a home that has already been decorated to your taste.
To Share or Not to Share
Depending on where you want to live, sharing may well be your only option if your budget is limited and the rent in the area is high. However, if you do have the choice of renting alone, or sharing both the accommodation and the bills with another person (or two), you may want to consider what is best for you and your current situation.Are you a social type of person, or do you value your personal space very much? Can you afford to rent a place by yourself in the location you desire, or would this put a huge strain on your budget? If your budget is low, but your need for personal space is high, you are going to need to compromise. You can do so by looking to share with someone as equally as private as yourself, and by setting your own rules about being left alone when in your own bedroom, you could find shared renting a lot more pleasant than you thought it would be. If you would prefer to share a living space and are looking forward to being sociable with your roomie, make sure your prospective housemate shares the same view, as things could get awkward very quickly if you have different ideas about how sharing accommodation should be.
With so many things to consider when renting a home, it can all become a little daunting. However, with careful planning and attention to detail (especially when it comes to reading contracts), you could soon be setting up home in your ideal area, alone, or with the perfect housemates.