If you’re looking to rent a house or an apartment, it can be difficult to know where to begin. In fact, the differences between renting a house versus renting an apartment can be stark. It’s essential that you figure out what you want from a rental before you begin your search. Whether you choose an apartment or a house, these tips will put you on the right track to find a rental home:
There are many rental properties to choose from that can vary greatly in size and location. A big consideration in your choice should be your budget.
When moving, it’s almost inevitable that there will be additional costs that you don’t expect, so don’t look at properties above 30 percent of your income. This will give you enough breathing room to pay for utilities, fees and other unforeseen expenses. Keep in mind that renting an apartment is generally less expensive than a home unless you’re in a popular area of a city.
Your Credit Score
Although it’s still possible to rent a home if you don’t have an exceptional credit score, it can be more difficult. If you don’t already know your credit score, check it before you start to search.
Searching for a Home
There are many things to consider when you search for a rental property. Which neighborhood do you want to live in? What type of home do you need? You also need to think about commuting to your job and access to amenities.
You’ll also want to ensure that you check a variety of websites to look for your rental. Check out Corken + Company’s property search, Realtor.com, Zillow, Apartments.com, and more.
Although we do not offer search services for tenants we can lead you in the correct direction and have multiple luxury properties that may be a fit for you on and off the market.
Potential to Rent to Own
One thing that renting a house offers over renting an apartment is the potential ability to buy the home in the future. Rent-to-own homes tend to be hard to come by because a lot of it is based on timing. Often, landlords choose to rent their property, but also have in the back of their mind the idea that they may sell somewhere down the road.
When looking at houses to rent, you may want to discuss with the landlord their thoughts about selling the house.
Hire a Real Estate Agent
If you’re looking in a high-demand area, you may quickly discover that finding a rental property on your own is not that easy. It might be worthwhile to find an agent to help join the search. We provide agents that are well versed in the current market, and who can help you find the best options. Though Corken + Company does not offer home search services, we can help point you in the direction of companies who may help. We also have many properties that we manage that may fit your needs or may become available in the future. Contact us to learn more.
Choosing Your Rental Home
Hopefully, you’ll have found one of the homes you viewed to be exactly what you’re looking for. Before you sign on the dotted line, however, you need to know how much money is required upfront, and what the landlord or management company rules are.
Find out things like: How and when to pay the rent, if you’re allowed to paint and decorate rooms, whether pets are allowed and what other expenses you may be responsible for as a tenant.
Signing a Lease Agreement
If you’re happy with all the details of the lease, it’s time to sign, but not before you read and understand the entire contract. If there’s something that doesn’t look right, you should do more research or check with a lawyer. Be careful to know exactly what you are signing.
When it comes time to find a rental home, it can be trickier than it seems. Corken + Company is here to help, reach out to us today if you have questions!
Contributions from: http://blog.rismedia.com/2020/renting-tips/