So you decided to move…
Yet, not all of us need their own property and not all of us can afford to buy their own. We put this guide together for all of those who are looking to rent!
Although quiet rental market has been around for many years, and it is in constant consumer demand. Rental market is becoming increasingly difficult to deal with, it is extremely competitive and thus you are required to know it all! We are here to help!
This guide is made to help all of those who are looking to move, but either doesn’t know where to start from or want to make their lives easier!
- Review your current contract.
Reviewing your contract is crucial. The moving date on your contract is there for a reason, it means that you have to have cleaned and emptied the property available by that date. In that case, you should be looking to move a week before your contract finishes, so you have enough time to prepare for your move and make sure everything is in place.
Lettings agencies are renting properties based on their availability, thus they will always ask you when you are willing to move.
In order to save time for yourself and everybody else, it is crucial you let them know when you are looking to move.
- Do your research of the areas you are interested in.
Although, keep some back up plans. Renting, just as buying, doesn’t always mean that you should take the first available property. It is important that you familiarise yourself with the areas you would be willing to move into. Any institutions or businesses you need to be close to?
If so, make sure you give yourself a travel distance. It is important, since not every area will come in the same price range.
- Make sure you have a budget.
You will save a lot of time for yourself and landlords by understanding your own budget. Often rental property prices will come without bills. Knowing how much you can spend on the rent will benefit you in a long-term, insuring that you pay your rent on time will keep you and your landlord happy!
Also, you can greatly benefit from allowing yourself some space; agents will always suggest the properties at the top of your budget, so identify the budget range when applying.
- Search, Search, Search!
It is time to start your search! We recommend going on every possible property website. However, there are some hidden gems across the internet, so don’t just stop with Zoopla or OnTheMarket. I.e. Facebook search will often pay off; many agencies and one-off landlords will promote their best houses there. Keep an eye out for the availability dates, and any extras in the property. If the agent specifies that the property is available on 12 of September, do not ask to move in June.
- Check the EPC on the properties you like!
After you have sorted your budget, how much do you have left for bills? To find that out look for EPC rating. It states the estimate energy bills for the last 3 years, which you can easily divide into the monthly payments. This will allow you to figure out the approximate price of the bills in the property. Energy ratings will be different in all of the properties and it depends on many factors, so it is crucial you can allow yourself to spend extra money on bills.
Rental properties don’t need to particularly have the EPC ratings of the property. But if you have the address of the property you can check it yourself by going to the Department of Communities and Local government website. However, keep in mind that EPC ratings are valid for 10 years, so make sure you are aware of the year the property was rated, and do your maths!
- Make a list of your favorite properties and go for viewings!
Viewings are a crucial part of search. Remember to take a note of the area, the property itself, and keep in mind your own property requirements. If you do not like a property, let the agent know, so they don’t expect you to take it.
- Give Feedback!
If there are concerning issues with the property, which might have not been apparent from the pictures, let the agent know. If you really like the property, the agent might be able to fix the issues you have, if not they might be able to offer something similar. In some cases, potential tenant feedback, makes landlords realise the problems with their property, however, don’t take it too far, since they can only do that much.
So you have probably seen 10+ properties now, you now know what you like, and the areas you are in. It is time to choose the property. Take everything in consideration: the area, travel times to work, school or university, price, quality, and the bills.
- Make sure you know the FEES!
If you like a particular property from the agency, ask about their fees. Every agency works on different commission bases and charges different fees. Asking doesn’t cost anything, and it might save you a headache. Usually, there is going to be an administration fee, deposit and first months rent. If you are renting in advance (meaning that you are not moving in until next month) you will only need to pay the administration fee and deposit.
- Let the agent know!
If you are letting through the agency, let them know as soon as you can, they deal with numerous people each day, and they are not going to hold the property for you just because… Arrange a date with you agent to meet up; it is easier to solve any issues face-to-face. Remember to ask about the person who manages the property, their bill situation (maybe you can change a provider if you find a better deal), and talk through the booking and deposit questions. Ensure your deposit is secured before you do it!
- Well you know what do from here… Pay and move!
Keep updated with us, and find out more about rental properties!