The current housing market means that many young people are required to rent their homes before they are able to buy. It can be challenging to get on the property ladder but renting is a great option to help you find the perfect house to live in temporarily.
While it may not appeal to you if you’re hoping to get on the property ladder, it does offer a flexible option in the meantime or if you’re moving to a new area.
Here’s how to find the right property to suit you.
Before you start
It’s important to be aware of the cost of renting and permitted payments. If the landlord agrees to let you rent their property, you’ll need to pay a security deposit and likely one month’s rent in advance. This along with a credit check proves whether you are able to afford the rent and can help you make the decision about how much you’re willing to pay each month.
Consider how long you would like the tenancy for and make sure you’re aware of what length of contract you’re entering into. It’s a good idea to gather the necessary documents to confirm immigration status, credit history and employment status.
How to find a place to rent
Consider what it is you desire from your rental property. How many rooms do you need? What location would you like? Will the house need to be fully furnished or do you have your own?
Take a look at a local rental search to find properties in your area. Watsons lists properties in the Norfolk area so you can have a scan and see what is available. It’s wise to only search for properties through an official letting agent as you may make yourself victim to scams if you look on places such as Facebook.
Budget for your tenancy
There are more costs to consider besides rent alone. These include:
- Monthly rental payments
- Council tax payments
- Utility bills including gas, electricity and water.
- Phone bills, broadband and line rental
Application process
The application process will require you to read through your tenancy agreement carefully and agree on the inventory. Make sure to take photos before you move your belongings in so you have evidence of the standard of the property.
Your landlord must provide a gas safety certificate, deposit paperwork, the Energy Performance Certificate and a record of any electrical inspections.
Watsons are professional property experts based in Norfolk. We provide valuations, surveys as well as residential sales and lettings. For any matters regarding property management or sales, we’re here to help. If you’re looking for your dream property or a fantastic house to rent in Norfolk, visit our website and get in touch with our friendly team.
