Basic Guide to Renting Your First House/Flat

October 2, 2013 by  
Filed under Moving Tips

Renting your first property can be overwhelming for many reasons. There is a lot of paperwork to sort out and even more organising to be done before you even come close to moving home. There are so many considerations to decide upon when choosing a place to live and one of your main priorities should be deciding on your budget. Once you have your budget sorted there are many agencies that specialise in renting out homes and a lot of options to choose from. When renting, a security deposit needs to be paid by each of the tenants as an insurance that you will ensure the upkeep of the property is maintained.

Basic guide to renting your first house

Deciding on all inclusive or not can really make a difference to your experience with renting. All inclusive is a suggested idea for first time renters, as you don’t have to chase up your housemates for the electricity or water bills and there are no arguments about who has used more water this month or who keeps their lights on constantly. This is however, a typically an option at the higher end of the budget scale.

Renting a home that isn’t all inclusive does make the monthly rent cheaper and does prepare you for what it’s like to own your own house. If this is what you decide on, make sure you ask about the typical bill prices so you don’t get a big surprise when your first bill comes through and you find yourself short on cash. The choice is yours but make sure you thoroughly think this through; it will save a lot of hassle in the long run.

You also have the option of fully furnished, partly furnished or unfurnished. If you do have a furnished home, most land lords will provide you with an inventory which you must complete to insure everything that is supposed to be there is and is fully functioning. This will be checked over once your tenancy is terminated and any damages or missing items will be deducted from your initial rental deposit.

If you’re going to be renting with friends, be sure to pick them VERY carefully. Living habits clash and a lot of fall outs can occur when someone does things very differently to you or doesn’t live up to your cleanliness expectations. One big thing that a lot of people forget about is the local area! This is where you are going to be living so make sure it’s in an area where you can feel comfortable. If you don’t drive, make sure you have access to public transportation to and from wherever you may need to go in a regular basis. Local services may also be of interest to you such as supermarkets, pubs, etc.

Before your place is secured, a number of details may be asked of you to ensure you can afford the property. A credit check will be carried out to look at your reliability of paying obligatory bills on time just to make sure they won’t have to chase you up every month. They may also ask about your general income and if your wage is or is not sufficient, they may ask you to produce a guarantor as a security measure if there is a concern that you may be unable to pay your rent or bills.
Renting is a great kick start on starting your own life, but you have to make sure you make all of the informed choices so you don’t find it a troubling experience.

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