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Renting for the first time can be a very exciting experience, although it can also be difficult to know where to begin.
There are many things to consider before starting, such as budgets, location, and size of property needed.
A positive about renting is that there are so many options available in most towns, cities, and villages.
Whatever the location or style of home, maybe in the South, the Midlands, or up in the North, whether it be a penthouse in London, a cottage in the Lake District, or Leeds apartments, you will find that perfect place, discover more today.
Renting has become increasingly popular and important in many people’s lives due to the current housing market and house prices constantly increasing.
With mortgages rising but salaries not, renting properties has become a great option for many. It allows people to live more comfortably in an area that they choose, without breaking the bank.
Tenants who rent are not always waiting to get on the property ladder as it can offer more flexibility for those who want to travel, experience new places, downsize, or have moved to a new area.
There is a range of properties to choose from, such as apartments, penthouses, and detached or semi-detached houses. It is a suitable option for anyone from students to retiring adults.
There are many things to consider as a first-time renter. Are you looking for a short- or long-term tenancy? What sort of property are you searching for? What is your budget? Read through our checklist to help you get prepared to rent.
Before you Start
Before getting started, it’s good to have a brief idea of what you want from renting, whether that be flexibility, student accommodation, or a permanent family home.
Most tenancies require a minimum of a 6-month stay, so also take this into consideration. Begin to gather together documents to prove identities, such as passport, immigration status, and possibly employment status.
Manage your Finances
Before even searching for rental properties, it’s a good idea to get your finances in order and understand how much you would be willing to spend each month on accommodation.
Prices can vary tremendously depending on the size and location, so luckily there is a place for all budgets.
At the start of all tenancies, you will have to pay a deposit and sometimes the first month’s rent in advance, so it’s important that you have this before confirming to rent a property.
Find a Place
This may be the trickiest or easiest part, if you know exactly what you are looking for it may be easier to narrow down your search.
Location is key for many people, do you want a property close to public transport, a place of work, or near a school or university? These are all things to consider when renting for the first time.
To ensure you select the right area for you, it may be beneficial to visit it at different times of the day or even trial the commute to work to see how long it takes.
Set a Budget
When renting, there are more costs than simply paying monthly rent cost. Often your first month as a new tenant is the most expensive, with a deposit, first month’s rent, and a security deposit. On top of this, there may be utility bills and council tax payments.
Along with this, there may be other costs, such as furniture, kitchen appliances, or accessories to make it feel more like home.
However, if the property is furnished, this will be less of a concern, as furniture and essential appliances are provided. Don’t forget, you will also need to eat, so remember to factor in food shopping costs.
One important thing you should do is carefully read through any tenancy agreement from the landlord. This should clearly state your rights and responsibilities as a tenant and these should be followed, or more costs may be incurred.
If you are happy with this, keep a copy for your own records. You also take note of any meter readings, so that you are only paying for electricity you have used.
The time has come and you’re now ready to move into your new home. This is an exciting time, however, can be a pain, so consider moval options to help.
If you are wanting to change the look and feel of your property, check that it is allowed first. Decorating and painting in some places are prohibited, so always check with your landlord first.
As a first-time renter, it can be a confusing process, however by following a few simple steps you can find your ideal new home. Whether it be a long- or short-term stay, it’s a great living option and can be much more affordable to many than buying a property.