Whether you're moving to a new city or just re-evaluating your current living situation, renting is a great way to secure a place to live without having the burden of home ownership. The key to being happy in your real estate rental is choosing the right one. Use the following tips to help your find your perfect family home:
Determine Your Budget
Before you begin to look at real estate rentals, it is important to determine how much you can comfortably afford to spend. It is important to note that in many cases landlords require both the first month's rent and a deposit that can be equivalent to the amount of one month's rent, so keep that in mind when figuring out your budget. Don't forget to account for how much you will have to pay for utilities and other bills that you may have-- the amount you should pay in rent should allow you to live comfortably.
Figure Out What Kind of Property You Want to Rent
When it comes to renting, you have lots of options. In most areas, there are condos, townhomes, and single family homes available for rent. If you're not interested in having to maintain a yard, a condo or a townhouse may be a great choice. If you have a family and want more space and a yard to use, a single family home may be your best bet. Once you figure out what kind of property will be the best fit for your lifestyle, you will be ready to look at available rental properties.
Explore the Neighborhood
The location of the property you rent can play a big role in how happy you are while living there. Consider how long your commute will be and whether you will have easy access to the amenities that you desire, such as grocery stores, gas stations, parks, and medical providers. If you find a rental that you are very interested in, take the time to explore the neighborhood so you can get a better feel for what life is like in that neighborhood. The last thing you want is to sign a lease on a rental property only to discover that you hate the area where it is located.
It is always a good idea to be prepared for the application process required to rent a home. Many landlords require a completed application, background checks, and verification of employment. It is in your best interest to be able to provide everything a landlord asks for in a timely manner in order to improve your chances of being approved as a tenant.