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A Guide to Finding the Perfect Rental Home

Updated on November 8, 2018
Melanie Nahini profile image

Melanie is not a grammar expert. She is a wife, an introvert and a rental property manager who loves to write.

A Guide to Finding the Perfect Rental Home

Things to Consider When Finding Your Dream (Rental) Home

Looking for the perfect home can be stressful, especially when you are considering a rental property. There are a lot of factors that need to be considered to find an ideal property that will become your future home. Here is a list of some important factors to consider when finding an ideal rental property.

1. Location

The most important factor to consider when looking for a rental home is the location. Accessibility is essential especially when moving from one province, state, or country. There should be a convenient means of transportation that are available near the rental property to make the transfer easy. This is also essential when transferring to a new place for work or studying to save on transportation costs.

2. Price

A potential renter usually sets a price point when searching for properties. A budget is typically set when moving to a new place. This is important when considering renting a house that is not furnished as an additional budget will have to be allocated to buy the appliances and furniture. When setting a budget, it is practicable to compare prices within a specific location to figure out whether there are properties that stand out or must be excluded from the list. Some property owners list their prices higher when these are strategically located such as those in the city centre. In most cases, they set the price based on the inclusions and amenities available, in the case of condominiums and subdivisions. It is necessary to look at several properties to compare which one has the best price for you.

3.Contract Terms

Property owners set the terms that will be binding on the renters/tenants once signed. Before signing the contract, a potential renter/tenant must thoroughly inspect the property. Most importantly, the terms of the agreement must be read to make sure that you are not getting into something that would bind you legally. Key contractual terms often have to do with the length of stay, price, and restrictions when inhabiting the house.

4. Layout

The layout of the house must be one that suits the needs of the renter. For singles or couples without children, it is essential for the property to at least have a sizable bedroom and kitchen, and a living area to entertain guests. For those living with a family of 4 to 5 children, the number of bedrooms must be enough for all members. The kitchen must be large enough to prepare meals and have kitchen activities with the kids. The living area must also be sizable including the dining area for it to accommodate additional family members during special gatherings.

5. Neighborhood

Transferring to a new rental home in an unfamiliar location can be challenging. This can be made more challenging when you are surrounded by new neighbors, who you may have to deal with eventually as you settle down at the new community. So it is important that you ask the agent or Realtor about the neighborhood or be the one to personally socialize with the neighbors to get a feel of how they treat one another. You don't what to end up living in a place where there is too much gossiping or people not minding their own business right? Although things like these are inevitable sometimes, you just want to make sure that you are able to live peacefully in your future rental home.





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