Looking for a new home to rent can be an exciting new chapter in your life, whether you are moving for work, bringing up a family or wanting a fresh start but searching for a rental home can sometimes be overwhelming. The rental market can evolve quickly so here is our guide to help you navigate it smoothly.
What is Your Ideal Home?
Before you start your search it’s important to take some time to think about what is important to you. What location do you want to be in? What is your budget for deposit and rental payments each month? Do you need a garden? Do you need to be close to amenities and schools? Do you have pets? How many bedrooms do you need? Having a clear picture of what you want now will narrow down your options and help you to stay focused on your search.
Understanding Your Budget and Costs
When you decide to rent a home, there will be some upfront costs along with your ongoing monthly costs, so here are some things to keep in mind to avoid costly surprises. You will need a deposit which is usually a month’s rent and any moving day costs such as hiring a van or a moving company. You might need a pet sitter or babysitter on moving day too.
Start Searching as Early as Possible
If possible, always allow yourself at least 1 – 2 months to find your ideal rental property and complete all the necessary paperwork and legalities beforehand. Talk to an estate agent or set up alerts for when the latest properties that match your criteria come on to the market. Rental properties can be snapped up quickly so move fast when you see an ideal opportunity.
Be Prepared for Viewings
When you come across the perfect property, schedule a viewing as soon as you can to avoid losing out. There are a few things to look out for on a viewing including the condition of the property and if there are any signs of damp or mould, also check the security of the property, are there sufficient locks on the windows and doors? Is the garden secure? This is especially important if you have children or pets. What is the area like? Is it too noisy? Too quiet? Also ask the estate agent are there any terms in the lease you need to know about and if the property will be furnished.
The Application Process
When you find your ideal property, you will need to submit your interest and depending on the agency, provide proof of ID, proof of income, references, a deposit and sometimes a guarantor to vouch for your ability to pay the rent in the future. Ensure you have all the documents you will need ahead of time to avoid any delays and potentially missing out on the property.
Read the Rental Agreement
Once you have been approved to rent the property, you will be asked to sign a tenancy agreement. This will protect both you and your landlord so it’s important that you read this document carefully before you agree to the terms. Check the rent payment details, when is the rent due? How will it be paid? How much is your deposit? Also check the length of your tenancy and what notice is required to end your tenancy. If you aren’t sure about anything, ask your estate agent to clarify.
Plan for Moving Day
When everything is signed and sorted, it’s finally time to plan your move in day! Confirm the move in day and handover of keys with your landlord or agency and ensure any utilities are recorded and set up in your name. It’s handy to write a checklist at this point to ensure everything runs smoothly on the day.
Finding and renting a property doesn’t have to be stressful and our award-winning team will be with you every step of the way to help you navigate the rental market and settle into your new home. Contact our team here.
