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Everything You Need to Know About Moving Into a Rented Property


There are countless types of housing out there to suit different individuals’ needs. There tend to be pros and cons that come hand in hand with each. Now, you’ll probably find that most of the information that you find on moving into a new property tends to revolve around people who are buying their own property. But what about rental properties? Renting is becoming increasingly popular nowadays. For some people, it is the only logical option. The price of living is on the rise, while wages remain stagnant. It can prove nigh on impossible to save a deposit when paying your landlord’s mortgage or income through rent, so you remain within the cycle of renting. For others, renting is a choice. It provides freedom to move regularly and means you aren’t tied down to one location. Either way, there are a number of steps you need to take to make moving into a rental property as smooth and convenient as possible. Here are a few to add to your to-do list.
Arrange Your Finances
First things first, you need to make sure that your finances are in order if you’re planning on renting a property. You’re likely to have to undergo a credit check to be approved on a property, as your potential landlord is going to want to ensure that you can be trusted to pay your rent and bills on time each month. Plus, there are all sorts of costs entailed in moving home and you need to make sure that you can cover them! If you have a poor credit score, it’s time to start working on it sooner rather than later. You can improve your score by paying your bills on time, minimising the amount of debt you owe and taking simple steps like adding yourself to the electoral register. In terms of getting the funds together to move, you will need to start saving. Costs that you may need to cover can include putting a deposit down, covering your first month’s rent, money to set up services such as internet, removal company costs to get your belongings over and investing in items that the property may require, such as furniture or appliances that may not be included. If you don’t have time to save, you can always consider Buddy Loans Guarantor Loans, which will provide you with the money up front. You can then pay the sum back in instalments plus interest once you’ve already moved into the property.


Decide Where You Want to Rent
Once you’ve got your finances in order, you need to decide exactly where you want to rent. The perk that comes with renting is that contracts can be relatively short and you can up and move at the end of them. So you might not need to put quite as much emphasis on location as you might if you were literally buying a house. However, you still want to make sure that the location is suitable and ticks all of your boxes. You may want to live close to your work. You may want to live close to your family. You may want to live close to friends. If you use public transport, you may want to live somewhere with good public transport links within walking distance. If you have kids, you may want an area with good schools. There are plenty of other facilities or amenities that you may want to have nearby too! Once you’ve found an area, you can start looking at actual properties.


Deciding What Size Property You Need
Next, how big do you need your property to be? This will whittle down suitable options in your chosen area. Most of us have a set amount of bedrooms and bathrooms in mind. If you're living alone, a studio or one bedroom apartment may be sufficient. If you’ll have more people living in the property, something bigger may be necessary.


View Properties
So, you know where you want to rent and what size property you want to rent. Now you can get to browsing the market and actually viewing properties that are available. We cannot place enough emphasis on the importance of viewing any property you’re interested in before committing to it. Estate agents’ pictures can be misleading and may present a property in a better light than it actually is. Only by visiting and checking the property yourself can you determine whether it’s in good condition and whether it’s somewhere you actually want to live or not. Viewing a property will also give you a brief insight into the area, what the neighbours are like and whether there are other factors that could alter your decision, such as road noise. Make sure all electrics are safe and working, that windows are in place properly, that there isn’t damage to the property and that there aren’t any leaks or mould present.


Read the Terms and Conditions
If you find somewhere suitable, it’s important to read the terms and conditions of your contract thoroughly. You need to ensure that the correct amounts are listed and that all clauses are fair. Most rented properties will come with an inventory, detailing what state the property was in when you moved in and what furnishing or appliances were present. This should have images. Make sure that all of this information is accurate. If anything is damaged or differs from the images in the agreement when you move in, make sure to have this altered in the inventory before signing it. This will make sure that you are not held liable for the costs of repairs or for damage that existed in the property before you moved in when you do eventually move out.


Of course, these are just a few aspects of renting a property that you should be aware of. But hopefully, the above information will help you to undertake the process as seamlessly as possible!


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