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Things To Consider When Renting A House by godman01(m): 3:02pm On Dec 16, 2013 |
Renting a house can provide you more privacy than renting an apartment. To make sure you have a good experience, take your time and think through your lifestyle objectives and your responsibilities to your landlord. Moving into a new place can turn into a nightmare quickly if you have expectations that are not based on fundamental realities. Asking a lot of questions before you sign the dotted line can save you from trouble later. Your budget Take a hard look at your finances to determine your ability to make ends meet. Add up your monthly sources of income and make sure you have adequate cash reserve in your savings account if something goes wrong. In addition to your rental payments, budget for utilities, water and garbage expenses. How much will you spend on food? It’s far less expensive to cook at home than to drop in at a fast-food restaurant. Set limits on extras that can quickly take a dent out of your cash flow. You’ll have commuting expenses, such as car maintenance, fuel, insurance and licence fees. Your personal expenses include laundry, personal care items, clothing and gifts. It’s probably better to over- estimate your spending to give yourself a spending cushion. Roommates You can certainly cut your expenses by sharing your house with roommates. Living together can ruin a perfectly good friendship, however. Compatibility issues you never imagined can rear their ugly heads easily when you share a living space. Does your prospective roommate have a history of paying bills on time? You’ll want to trust your roommate to enter into a partnership with you to share expenses, but also to meet other living obligations. A roommate may not hold to the same standard of cleanliness as you do. You may enjoy quiet evenings at home in front of the TV. Your roommate may prefer to invite friends into your home for frequent parties. Have a serious conversation about such issues with your prospective roommate before you cement your obligation. The house Take a good look at the house you want to rent. Consider the time it will take to get to work or school or the distance. Ask about the utility costs and if any are included in your rent payment. Check out stairways for lights and security. Neighbourhoods can project a distinct personality. Try to get a sense for the kind of neighbours you’ll have. Consider nearby shopping opportunities and restaurant options if you enjoy the occasional meal out. Discuss home maintenance with the landlord. Will you care for the yard, and if so, does the landlord provide lawn tools? Who do you call when an appliance fails, and how quickly will the landlord respond to home emergencies? Rental agreement Your landlord will probably ask for credit references, personal references and your employment history. If you include a copy of your credit report with your application, you may gain an edge over other prospective renters. Your rental lease binds you legally to the terms it outlines. Read it carefully and make sure you understand everything you agree to when you sign the papers. If you are sharing the rent with a roommate, your signature could make you liable for your roommate’s property damages or non- payment of rental obligations. Go through the house with your landlord and make a list of existing damages before you sign the lease. Ask your landlord to sign the list and keep a copy in your files. Source: www.ehow.com 1 Like |
Re: Things To Consider When Renting A House by izzbaby22(f): 3:06pm On Dec 16, 2013 |
nice 1 |
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