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A few decades ago, young adults often lived with their parents, but now, thanks to low salaries that don’t line up with inflation and housing prices, many more do. But renting for the first time, whether it’s with a friend or two or your first place on your own can be your ticket out of living under your parents’ roof. Ideally, you’ll want somewhere to call home for the next three years (anything less and your credit rating could suffer). So it’s important that you do it right. Here’s some of our very best tips and tricks to renting for the first time.
Actually finding the right place is one of the most stressful things to deal with when renting for the first time. Not only is it time-consuming but it’s frustrating if you can’t find your ideal home. Write down a list of must-haves for your new home. Visualise exactly what you want and need. Choose around 3 must-haves from your list and stick to them. Be strict with yourself and ask yourself the following questions:
Always try and view the house during the daylight so you can check out any wear and tear in the house or any external noise from traffic, public transport, people, etc. It’s a great idea to view the property at different times in the day/night so you can compare the contrasts in the neighbourhood. Bring a tape measure so you can determine whether your existing furniture will fit or if you’ll need to invest in some new furniture. When viewing a house make sure to document it by taking photos and videos to refer back to when you’re comparing all the houses. After all…your memory can play tricks on you. Most importantly, visualise yourself in the property. Your home should fit in with your lifestyle.
If you’ve found your new home, you’ll need to take into account all the extra costs. As well as a deposit, you may need to pay letting agent fees. You can be charged for a range of things including administration, reference checks, immigrations checks and credit checks. There are talks in parliament to ban letting agent fees – but it’s unfortunately just in the consultation phase at the moment. So it’s important to factor in these extra costs. By law, all letting agents must display additional fees on their website and in their offices, so you know how much you’re going to have to pay.
If you want to avoid letting agent fees you can go ‘direct to landlord.’ This means going the traditional route and looking in the paper or finding properties via websites such as Open Rent and the advanced settings of Spare Room (click on ‘Whole properties’ instead of houseshares).
Make sure your landlord protects your deposit within 30 days of receipt. They should give you exact details on the scheme they’ve used to protect it and how you can get the full amount back. The deposit scheme ensures:
When it comes to the inventory make sure you take photos of everything including carpets, walls, curtains, appliances – especially if there is slight damage. This is because the landlord could try to charge you for damage that wasn’t made by you. So it’s way better to back yourself up with photographic evidence, should you need it. Confirm the landlord’s contact details so you know he or she is easily reachable if a problems happens.
Just before moving day, it’s a great idea to ask your landlord a list of questions. Here’s a few really important ones!
Good luck with renting for the first time – we hope you enjoy your new home and new-found freedom!