Monday, January 27, 2014

Spotting a good rental

There are many factors to consider and things to look out for when visiting a potential rental property. Watch out for these top five qualities of a good rental property. 

1. Enough space

As with any property investment or decision, location contributes a great factor. A rental home’s proximity to your daily routine, such as work or school, will be a convenience you can enjoy.

Assess the rental space’s area and number of rooms, and decide whether it can fit your requirements. Find out if furniture and appliances are included, and consider whether these items can go well with and still leave room for your existing furniture. Aside from the living space, there should also be enough room for storage and enough sockets for your needs. 

2. Property condition

Check the condition of the rental property, both inside and out. A property that is in bad shape will need repair work that may cost you a lot on top of your rental fee. Some rental agreements may have the landlord responsible for all repair costs, but moving into a dilapidated home may also be too much of a hassle, too soon. Check for loose wires, leaky faucets and the overall condition of the property. 

3. Surrounding neighborhood

You may also have some preferences on the nearby areas of your potential home. Ask about the safety and quietness of the neighborhood, and check this by visiting the property at different times of the day. Some may also prefer living near a commercial area, with a conveniently located grocery or drugstore. 

4. Great location

As with any property investment or decision, location contributes a great factor. A rental home’s proximity to your daily routine, such as work or school, will be a convenience you can enjoy. Find out about nearby commute options to your workplace or school and other places of interest. If you drive a car, be sure to ask about the traffic conditions in the area. 

5. Fair rental rate

Last but not the least, set a budget range for the initial deposit and the monthly rental fee that is manageable for you over the long term. This will help you keep within your financial means. Also, choose a rental property worth its rental fee. Shop for rental properties within the same area to compare rates as well. 


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