Moving out to start a new life or family is an exciting time and comes with several responsibilities. If you’ve decided to rent a house for the first time, many may cross your mind.
Maybe you’re relocating for a new job or just graduated and are getting the first taste of the independent life. Either way, we never really get any formal training to prepare us for the real world. How do you know you’re making the right decision? With these tips, you’re going to find renting your first home much more manageable!
Get A Clear Grasp On The Finances Before Selecting A Home
Before you even set out to choose the perfect property for yourself, make sure your finances are in order.
Do you have enough savings to pay for several months’ rent upfront if you need to and cover the security deposit at the same time?
Some landlords may need more finances, so make sure you have the money ready. You may also need to pay an application fee when you apply for rent.
Will You Have A Roommate? Put Their Name On The Lease
If you’re sharing the home with someone and want to ensure that they meet their end and pay according to the renting agreement, put it in writing.
Adding their name to the lease means that you both have equal responsibility in meeting the rent. This will also help you maintain a healthy relationship with each other, especially if you’re close friends, family, etc.
It doesn’t hurt to have open and honest communication between you about sharing responsibilities, chores, meeting deadlines, and more.
Educate Yourself On The Terms Of The Lease
You should know your lease terms inside out so that there isn’t looming uncertainty. Don’t be afraid to ask questions and keep your landlord in the loop and other renting parties to discuss the terms.
Some questions you need to ask include: Does the rent include payment for utilities? Is there a fixed date for payment? Do you need to carry renter’s insurance?
If you’re looking for help to find a home to settle into, we can help you find luxury 2 bedroom condos for rent in Edmonton and become a part of a community. From cheap bachelor apartments to 3 bedroom safe havens, we make sure to facilitate the process for you and meet your needs and requirements. For more information about our properties, feel free to contact us today!