So, you presently cannot afford to buy a house, and you are looking to rent a place where you can stay, or you are seeking to rent an apartment close to your workplace, and you don’t know how to go about it.
In this blog article, we would be providing a step by step guide on how you can go about renting your new home.
- Have a budget
The first step towards renting a new apartment would be for you to have a budget. There would be different houses with different features and at different pricing too. For you not to be lost in the plethora of options that would be made available to you, having a budget and sticking to it would help you know where to look and how to look for your new home.
- What features must the house have?
The new house you are looking to rent must have certain specifications that match your taste. Either it has a lush garden or a fenced-in backyard. The house specifications you have in mind would help your search for a new home.
Don’t say that you had to pick an available option because you were in dire need of a house. Time has proven that most people who rush into making housing decisions tend to question their choice over time; instead, take your time and think through what the house you are looking for must-have.
- Research
The next move for you to make would be to carry out internet-based research about available rental properties in the location you are looking to rent from. If you seek to leave your old area for a new one, you would also be researching economic opportunities, crime rates, etc.
And if you prefer to do it the old way, you can get a real estate agent or inform your family and friends about your search for a new house.
- Tour houses
After carrying out your research and finding homes that interest you, you would have to tour the apartments to see and assess the property with your own eyes rather than rely on your agents’ word of mouth or the pictures you see on the internet.
- Negotiate terms
If you have found the apartment you want, the next step for you would be to negotiate the rental terms with your landlord or the property manager on what best suits you.
During your term negotiations, you can also point out things you might want to be repaired or corrected in the house, and you also can point out how long you would like to rent the property.
- Fill out an application
After negotiating and agreeing to the terms of the rent, you would have to fill out a rental application where you would be providing information like your name, phone number, a means of identification, and other important information for the sake of the rent.
- Make application fee payment
Your application fee payment would cover a background check that would be done to ascertain if you have provided the correct information. This fee is subject to the location of the property you want to rent, and the landlord or property agency you are working with.
- Sign a lease agreement
After completing all of the above-stated steps, the next step would be for you to sign a lease agreement that would carry information of when you are moving in and how long you are looking to rent the property.
The lease agreement is usually signed in the presence of witnesses. It is seldom advised to employ the services of a lawyer whenever you want to sign any form of agreements so that he can always help you ascertain that you are not signing away anything that infringes on your right.
About The Power Is Now Media
The Power Is Now, continues to keep you updated with the latest news in the real estate market, as we strive for advocacy of homeownership, wealth building, and financial literacy for low to moderate-income and minority communities. In this regard, we have a team of professional realtors— VIP Agents stationed nationwide to help you with anything you need in attaining your homeownership dreams. You can get in touch with the VIP Agents at https://www.thepowerisnow.com/vipagent/. If you can’t find an agent from your area, you can contact me directly for a referral. Also, ensure you stay updated with any developing real estate market news by regularly checking our blog page at https://www.thepowerisnow.com/blog/. You can also set up an appointment to speak directly to me at https://calendly.com/ericfrazier.
Disclaimer: The views and opinions of Eric Lawrence Frazier are his own and do not necessarily represent First Bank or any organization affiliated with Eric Lawrence Frazier, or the Power Is Now Media Inc. First Bank is an Equal Credit Opportunity Lender. Eric Lawrence Frazier, MBA, is also a Vice President and Mortgage Advisor with First Bank. NMLS#461807 and a California Licensed Real Estate Broker DRE# 01143482. Email: Eric.frazier@fbol.com. Ph: 714- 475-8629.
Eric Lawrence Frazier MBA
President and CEO
The Power Is Now Media, Inc.
Sources
