7 Things to Consider When Renting a Home

Written by Posted On Monday, 15 January 2018 15:01

Maybe you don't have the money for home ownership. Maybe you're just looking for a temporary house while you work a temporary job. Whatever your reasons for considering a rental, here are seven things that you should do before packing your bags.


1. Know Your Rights

There are certain rights and privileges that you'll enjoy as a renter. On the flip side, there are certain protections that you'll only receive as a homeowner. It's important to do your research and figure out where you stand as a renter and not a buyer. You don't want to be unpleasantly surprised by, say, an insurance issue down the line.


2. Perform Several Inspections

Don't be satisfied with a single walkthrough. Ask to see the property more than once, and bring your own inspector if something feels off. Make sure that they check the doors, windows, walls, pipes and foundation. Document any damage that you see, and let the landlord know about it so that they won't blame you when you move out. You might also want to take pictures to have irrefutable proof.


3. Make a Good Impression

When meeting with your potential landlord for the first time, treat it like a job interview. Dress well; speak clearly; be polite and personable. You want them to feel confident about renting to you, and that means giving the impression that you're a responsible person who will pay rent on time. If they don't trust you, they won't let you move into their property.


4. Get Everything in Writing

It's vitally important that you document everything about your future rental. Oral promises can't be held up in court, so whether you're agreeing on a lease or exchanging a security deposit, make sure that you have written proof regarding all that you've said and done. Stash it in a "rental binder" for safekeeping.


5. Go Through a Rental Company

While there's nothing wrong with renting from an individual landlord, they might not have the same experience or infrastructure as a professional rental company like Invitation Homes. Going with the pros can give you more peace of mind about the whole affair. Look into the Invitation Homes company to learn more.


6. Get Your Finances in Order

Some landlords will ask for the first and last month's rent in advance. Others might require large security deposits. Others still might be willing to make a deal about repair work in exchange for rent. You'll never know until you ask, so don't be embarrassed about bringing up money matters during the negotiation process.


7. Read the Fine Print

Look closely at your lease. Is there any vague or unspecific language? Does it make assumptions about who will pay for things like garbage removal and snow plowing? Will you receive a certain amount of notice before the house is sold off or showcased? You never know what secrets will hide in the fine print, so make sure to comb through it before you sign on the dotted line.


These are just a few things to keep in mind when you rent a house. It's a bit different than buying a piece of property outright, but it doesn't have to be harder or more stressful. Prepare yourself in advance to make everything run smoothly.

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