For a lot of people, renting is a better alternative to buying a house. Whether its due to the fact that mortgages and house prices are hard to save up for, or the liberating notion of being able to move after a short tenancy agreement- renting is beneficial for a large majority of people. As of 2021, studies show that a fifth of UK households are privately rented, and since 2014, it is now on average cheaper to rent per month than buy. However, renting comes with its own downfalls, and there are plenty of things to consider before you agree to signing any contract. Here at We Buy Any House we have compiled out top tips for tenants to know before and whilst they rent.
Guidelines:
While looking for a rented property, it’s a good idea to have a clear outline and guideline for what it is that you’re looking for. Take into consideration things such as budget, whether you want the property furnished or unfurnished, length of tenancy, parking etc. What you ask and look for can massively impact the place you end up renting, and its vital that you discuss these things prior to signing any agreements as you don’t want to end up in a sticky situation.
Choose Flat Mates Carefully:
Unless you’re living with your family, choose your flat mates carefully. Living with certain people may seem like a good idea in theory, but unless you have lived with that person before things can quickly go downhill. Before moving in with your flat mates, take time to go through everything- including all the little things. Money is the biggest cause for disputes, so leave no stone unturned in terms of financial discussions.
Conduct a Full Inventory:
Once you have found a place which is suitable, don’t be tempted to skip through a full inventory. Visit the property multiple times and go through everything with a fine-toothed comb. Check all pieces of furniture for signs of damage, and don’t forget to check things such as the carpet and rooms have been cleaned thoroughly. In the first few days of you moving in, take note of all damaged or worn items and let your landlord know. This way you can prevent any damage deposits being taken when the damage was pre-existing.
Become Familiar with Tenancy Deposit Scheme:
Designed to protect all the tenant’s deposit money, it’s important to familiarise yourself with a tenancy deposit scheme. If there is an issue with any deposit money paid, then they will be your first point of contact- so it’s worthwhile getting to grips with it. Your landlord should give you full information at the start of your tenancy, but it’s worth double-checking things over.
Find Out Responsibilities:
Although your landlord is responsible for most things, tenants have a duty of care for some parts of the property. Prior to moving in, discuss with your landlord which aspects of the property you are responsible for- and what to look out for in terms of heating, radiators, burst or leaking pipes and other common problems.
Ask Landlords About Interior Design:
Before you move into your rented property, it’s a good idea to ask your landlord about what changes they are comfortable with you making to the interior of the property. Often, we assume that tenants won’t be allowed to repaint the walls, hang anything up or change the carpets. However not all landlords impose the same rules, and it’s important to speak to your landlord and check your lease prior to ensure you are able to make interior design changes.