Renting is an ideal option for those
who enjoy exploring new cities or have recently moved to a new area, as it
allows a great insight about the benefits and drawbacks of living in an area
without the long-term commitment of owning a home. However, with many rental
leases calling for a yearlong agreement, renters must consider several things
that could ultimately add to or detract from the renting experience.
Read the following top
five overlooked things to consider when signing a lease.
Laundry is a situation
that varies on the type of rental property. Rental complexes with several units
can offer coin operated shared washing facilities or hookups within each unit.
If there are hookups consider the cost of purchasing a washer and dryer if they
are not included. When laundry facilities are offered in a common area,
consider if they are easily accessible in all types of weather or if climbing
stairs with laundry is something that fits into your lifestyle.
Refrigerators
are another big appliance that is not always included in a rental. Some may see
the lack of this
essential appliance as
a deal breaker, but remember that purchasing a secondhand model online offers
an affordable option. For those unsure if they will be staying in the area past
the length of the lease, reselling the appliance can be done just as easily.
Proximity of neighbors
and the materials separating the units can make or break a tranquil home
environment. There are rentals which are detached, but the majority of rentals
will involve neighbors next door and possible even on other floors. Opting for
an upstairs unit gets rid of hearing noise overhead, and there are many units
which use noise cancelling materials and firewalls between units that make living
with neighbors much easier.
Storage can be another
issue, especially for single renters looking for a modest sized place. Even if
the rental does not offer up loads of closets, there are many ways to add in
storage space. Furniture such as benches that offer storage space inside are
always great picks, as are the multitude of organizational tricks to be found
on lifestyle websites such as Pinterest. With inexpensive home décor shops in
most big cities and an abundance of online options selling space saving
furnishings, the modern renter can live in a studio apartment without ever
feeling cramped.
Outdated décor can
send many renters running for more stylish suites, but there could be an
incredible opportunity to make updates while saving money. Ask the landlord if
you do work such as painting, making small repairs, and updating finishes if
you can receive an agreed upon discount on rent. Many will be happy to work
with renters on finding a deal that works for both parties. A whole month rent
free might be hard for a landlord, whereas splitting it up over two months,
with you paying 50% each month, would
give you the same break but make it easier for the landlord financially.
These five things can
easily be overlooked when focusing on location and price, but will factor
greatly into how the rental will work for you. Taking them into consideration
beforehand can save both money and frustration down the road.
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