Whether you are moving to a new city or relocating your residence, renting is a better option than owning a house if you want fewer financial commitments and flexibilities. Almost every adult faces the situation of living and settling on their own. If you are going to settle in your own place, you might be looking for a rental apartment, house, townhouse or any of the other many options.
People often don’t know how to rent an apartment, especially the first-timers, as there are tons of responsibilities to be considered when renting. No doubt life is so busy that you won’t find enough time to travel from place to place to figure out the best rental. But here’s where one simple suggestion can save you time & heartache before and after you move. Rent Rabbit provides a community of renters sharing their collective knowledge and experience on all the properties you could be considering for your rental application. Saving you time and heartache in the application process and more importantly, the future of your rental lease.
But Rent Rabbit is just the first stepping stone in a checklist to make this experience seamless. Here is a complete guide about the things you need to consider before renting a property.
Choose an apartment near to your workplace
While choosing a rental apartment or house, make decisions wisely because choosing the right location is essential. An ideal location will make your apartment liveable rather than just tenantable. So how do you choose the perfect location? Well! The perfect location can depend on many things, from roads, cafes, markets, hospitals, educational institutes, and grocery stores. So, it’s always best if you consider these things before you start renting.
Other items may include how close it is to your workplace, children’s daycare, and school.
Keep your Budget in mind
Whether you are going to rent or buy a house, the first and foremost thing is estimating the budget. After setting the budget, you then have the framework to decide on location and minimum and maximum amounts in searching for your perfect property. If you don’t know how to set your budget for a rental house, you should figure it according to the amount you can afford to pay every month according to your income.
At Rent Rabbit we know that almost 25 to 35% of your income will be utilised in the rental costs. The property’s budget depends upon the location and size you want to rent the house. To calculate the budget range, do it as follows for both low and high-end ranges.
- For Low end of ranges, Budget = Monthly Income X .25
- For the High end of ranges, Budget = Monthly Income X .35
The major mistake people often commit while renting a house is considering 50% or more of income in the rental budget, and it makes it harder to manage utility bills. So take your utilities into account and rental charges in your income before choosing the budget.
Size of rental property
It would be best to consider the house’s size before starting the search for a rental apartment. You can choose your place according to your family members. If you are looking for a single-family rental house, a house with one or two bedrooms will be enough. If you are single, or in a couple, you may only need a studio apartment or two bedrooms. Just remember that space costs money and you need to stay within your budget.
Check if pets are allowed or not
One of the essential factors that pet owners even don’t consider while renting the apartment is the permission to keep pets in the home. You will be amazed to know that every house listing comes with a description of whether pets are allowed or not on different websites. Never try to sneak your pet into the rental property if your landlord forbids it.
No worries, if you are still worried about getting an ideal apartment for rent, you can search on Rent Rabbit to find the best property. After moving into your rental house, never forget to give a review to help others who are facing difficulties in finding out the rental place so that they can take advantage of the Rent Rabbit.