Nearly 36% of Americans rent their homes. There is a lot to consider when choosing a home to rent.
In order to prevent any unnecessary hassles and headaches, later on, it’s important to be armed with a few facts before you sign a lease. Here is a list of what to look for in a rental property so you can find the perfect place to call home.
Budget
The very first thing you’ll need to decide is how much you can afford to spend per month on housing. As a general rule, you should spend 30 percent or less of your gross income on housing. When first signing a lease, most landlords will want a security deposit as well as the first month’s rent upfront.
Also, be sure to find out if the rental property requires any additional homeowner’s insurance like flood or renter’s insurance. This could affect whether the home fits into your budget.
Once you’ve decided how much you can spend, you can then see what types of homes fit both within your budget and your lifestyle needs.
Location
Being familiar with the area you’re looking to live in can be a huge help when looking at properties. Is the property you’re looking at close to work or in your desired school district? Is the neighborhood friendly and safe, or does it look rundown?
Start with a reputable real estate agent or search for a reputable property management company. These rental properties are a great example of where to start when looking for a home.
Overall Cleanliness
Curb appeal is essential to catching the eye of any potential homeowner, but this signals more than just a pleasant appearance. If the property is generally clean, it means that more than likely the home has been properly maintained and everything is in working order.
You’ll also want to check to see if the appliances are all working properly. It is generally up to the landlord or property manager to fix any issues on the property, but fully functioning appliances before you move in means less hassle for you later on.
Special Considerations
Pets are often a part of our families, but not all rental properties will accept them. Most places are upfront about their pet policies, but be sure to double-check before you sign a lease.
There could also be other clauses in the lease that you find less than desirable like restrictions on guests, gardening, or minor alterations to the home.
Safety
While inspecting the home, check to see if there are basic security measures like deadbolts and window locks. Does the outside of the home seem safe? Check to see if there street lighting or take note of the parking situation.
Not only will you want to make sure the home you’re renting is safe, but you’ll also want to make sure you’ve vetted the landlord or property management company you’ll be working with.
Scammers will try to get you to sign a lease or wire money without viewing the property. Research the landlord, visit the property, and trust your gut. If something feels off or you don’t feel 100% safe, you can walk away.
What to Look for in a Rental Property
Finding a good rental property can mean finding a place you can truly call home. Taking the time to know what to look for in a rental property can save you a lot of trouble down the road. A clean, well-maintained property, a trustworthy landlord, and a home that suits your needs can all add up to a pleasant rental experience.
