There are many things to consider when renting a place to stay when schooling. From the property location and checking that all important amenities are available, all these factors will directly impact your stay at the house and your academics. But choosing the best place can be tough when you have little experience, resulting in mistakes that might be costly. Here’re some common mistakes collegians make when renting a place to stay for the first time.
1. Renting a Property without Visiting It
One mistake students make when searching for a house to rent is paying without going to the location. It’s risky and can leave you with an apartment you’ll leave to regret renting.
With the current technology, online marketplaces for all types of items, including apartments to rent, are available. However, not everything posted online is reliable. Some people take advantage of the technology and latest trends to take photos from other websites and post them as their own, and it’s easy to fall into their trap.
To be safe, whenever you are searching for an apartment to rent, ensure you visit the location and view the house to ensure it exists. Take a tour around the property. Ensure that the windows are closing well, there is water, and with good pressure, test if all electrical outlets are working and any other sign of damage. Then decide if it fits you before settling in.
2. Skimming Over the Tenancy Agreement Without Checking Carefully
The tenancy agreement is a crucial document when renting. It would be a costly mistake to ignore what’s written and check all the terms and conditions. You’ll need to check various things in the agreement to see if they suit you. They include:
- Rental amount
- Notice period
- The required deposit
- Who is liable for repairs?
- Are pets allowed?
- Late rent penalties
The list can go on and on. However, if you are unsure of anything in the agreement, enquire from the property owner or whoever is managing it.
3. Forgetting to Check Out the Neighborhood
With all the excitement of moving to a new location, most people forget to check around the neighborhood. When touring the area you are moving into, ask yourself a few questions:
- Is the apartment near any commuting stage?
- Is the neighborhood safe?
- Is it near your college?
- Is it noisy?
- Is there any dispensary around?
These questions are crucial to ponder before committing to paying for an apartment. You can also ask the neighbors their opinion about the neighborhood and if they can recommend it to a student.
4. Ignoring Amenities
When choosing a rental property, it’s important to consider the amenities available. Amenities like swimming pools, gym, and laundry facilities can make your life as a tenant more comfortable. You’ll have peace of mind and won’t rely on an essay writing service to complete your school projects.
To avoid missing any amenities in the area, list the facilities vital to you before you start your search. When visiting a property, take note of the amenities available and how they will fit into your lifestyle. Remember that some facilities may come at an additional cost. So be sure to factor that into your budget.
5. Shifting Without Considering the Deposits
Upfront payments are a major challenge for first-time renters, especially students. Many apartment owners ask for two monthly deposits and additional rent. Deposits are a standard part of most rental agreements and serve as a form of security for the landlord. However, they can also be a significant financial burden, especially for students who may not have large savings.
Consider the deposit required before signing a tenancy agreement to avoid this mistake. Ensuring you have enough money to cover the deposit is important when planning to move. Also, consider the property’s condition before moving in, as any damage during your tenancy may be deducted from your deposit.
6. Overlooking the Landlord's Behavior
Weird is an understatement to describe some landlords. While the majority are caring and patient, some are so aggressive. If your landlord is unresponsive or difficult to deal with, it can make your life as a tenant more challenging and stressful.
If you’re considering renting an apartment, take note of the landlord’s behavior first. Look for signs that they’re professional and responsive to your questions and concerns. If you notice any red flags, such as a history of tenant disputes, looking for a different property might be a good idea. But still, don’t forget, as a tenant, you also have your rights.
7. Forgetting to Take Pictures
Before moving into a rental property, you should take pictures and keep them safe. They’ll help you if there are any problems with the property after you move in. Specifically, they’ll help avoid getting charged for damages you didn’t cause. Also, if you encounter any problems with the apartment after you move in, document them in pictures and refer to them when you move out.
8. Failing to Consider Your Budget
When you rent a property, there are a lot of extra expenses that you have to pay beyond just the monthly rent. They can include utilities, internet, and parking fees. If you don’t plan your budget carefully, you might struggle to pay your bills.
To prevent this mistake, create a budget that includes all your monthly expenses, including rent, utilities, and other fees. Include any income, such as a part-time job or student loans, and any savings you can use to cover your expenses. Remember to account for unexpected expenses, such as car repairs (if you have one).
When looking to rent a property, be sure to keep in mind your budget. Avoid too expensive properties, as it could put you in a difficult financial situation. Instead, look for properties that offer good value for your money and are located in a safe and convenient area.
Take-Home Point
When you rent your first property, it can be a fun experience. However, it’s important not to make common mistakes that can lead to financial stress and hardship. Consider your budget carefully, factor in all your expenses, and look for properties that fit within your financial means and have access to other amenities. This way, you can live a comfortable, stress-free life as a student renter.
