With house prices soaring and a lack of opportunities to buy here in the UK, renting has become the norm for a huge proportion of the British public. However, while it may be more difficult to own a home at the moment, renting provides people with a variety of benefits. Arguably the biggest advantage is that it doesn’t tie you into a long-term financial commitment like a mortgage does and, with tenancies being as short as six months, if you’re not happy you can move onto a place that better fits your needs.
However, as moving from place to place can be a pretty
stressful prospect, most people are probably looking for a place that they can
feel comfortable in after their first try. With this in mind, renters on the
hunt for a new tenancy will need to be prepared to ensure that they find the
right place for them, but if you’re new to renting, how can you weed out the
subpar lets and move into your dream place with as minimal stress as possible?
Finding a great rental should be an exciting process, however, as experts in the renting sector, we at Progressive Lets know that there are a host of pitfalls for those that aren’t fully prepared. With this in mind, we decided to put together a handy list of tips to help you to get the rental rental property that you’ve always dreamed of.
When it comes to finding the perfect rental property, the first port of call is always going to be figuring out your finances. Rental prices can vary massively depending on a variety of factors, from the region it’s located in to the property itself. With this in mind, you’ll need to consider how much you’re willing to spend on a monthly basis.
This stage of planning should include everything you will have to pay, including the rent of the property, the variety of utility bills you’re required to cover and the council tax. There are also a host of amenities and utilities that can increase the price of a rental, so it’s important to ask yourself if there are some things you can sacrifice in order to keep the price low.
This of course will all depend on how many people are moving, however, once you have some sort of price range in mind, you can begin to weed out any properties that are too expensive. If you’re struggling to figure out what your budget is, a general rule of thumb is that you should consider putting aside between 30-40% of your take home pay for a rental property you can be happy with.
As with many things in life, if you fail to plan your move effectively, you’re planning to fail. When finding a quality rental property, you shouldn’t just be thinking about the immediate future as, if you’re planning on staying longer term, your current situation is likely to change. With this in mind, it’s important to take into account where you think your life may be in a few years time.
While many renters may only be looking to rent a property for a few months to a couple of years, some individuals may want to rent longer term, meaning you might want to do some research regarding things like school districts, local crime statistics and transport links. It may also be a good idea to check if any changes to the area are in the works, such as the construction of student accomodation. This can all affect your future so always plan ahead.
Now that you’ve done your research and are happy with your budget, you can actually get down to finding a place that works for you. While there are countless properties that are becoming available on a daily basis across the UK, it can feel a little daunting knowing where to start. Luckily, there are a host of options available to you to help narrow the search.
For most of us, jumping online can be a great way of finding a quality rental. With websites specifically designed for finding lets such as Spareroom, to Facebook pages giving a platform for independent letters to easily connect with potential renters, it can be a great place to start.
However, by taking the more independent route, it’s important to keep in mind the inherent risks involved. While a Facebook post highlighting the rental property of your dreams may seem like a steal, there are those that look to scam renters out of their hard earned cash, so be sure to be extra vigilant in your checks.
On the other hand, many renters have found working directly with a letting agent to be both the most efficient and safe way of finding their perfect property. By getting in touch with experts in the industry, you are able to take advantage of their knowledge of the local market and can rest assured that you’re not going to be scammed.
A quality letting agent can also help guide you through the sometimes trick gauntlet legal gauntlet of renting a property, meaning you can be completely happy about signing on the dotted line of your new tenancy agreement.
One of the best pieces of advice we can give to anyone looking for a new rental property is to take your time to ensure you get a place that is right for you. While it can be tempting to simply jump at the first property you see, you would be surprised how much the rental market can change in just a few weeks.
With this in mind, if you’re not completely happy with a rental, sometimes it can be best to step back and be patient.
Before you think about signing anything, it’s always important to visit any properties you have an interest in first. While pictures can be useful in giving you a preliminary idea of the property in question, there are a host of factors that can’t be fully checked out from a few photos.
Taking a notebook or checklist highlighting the utilities and amenities that you require, alongside a note of some of the more common issues that can plague a property in order to remind you, is vital to ensure that you’re not going to be stuck with any nasty surprises on move in day.
It’s also a great chance to ask all of the necessary questions to the landlord so that you can get a more complete picture of the let. Once you feel like all of your questions have been answered and you’re happy with the property, you can begin the task of signing the paperwork and moving in.
Finding a new place to rent doesn’t have to be a stressful experience, especially when you have industry experts like Progressive Lets to help. Our team of highly experienced estate agents have helped countless renters find their perfect home throughout Peterborough and the wider Cambridgeshire area, cementing ourselves as one of the best estate agents in the region.
We have an extensive knowledge of the regional market, meaning that we can give you an in-depth picture of the best rental options throughout Cambridgeshire. Whether you’re looking for a quaint flat to rent or are looking for a quality commercial premises to help your business take the next step, Progressive Lets is here to help.
For more information on our range of services, visit our website or get in touch with a member of our team on +44 (0) 1733 293900.