Whether you are renting a 1 bhk in delhi for rent or a villa in Chennai, there are many things that could go wrong when you rent a property. While it can be effective to do things your way, it is always better to learn from the mistakes of others. To make your renting experience smooth, we have compiled a comprehensive list of tenants’ mistakes to avoid. You can save yourself hours of time and thousands of bucks by following the tips dished out here—
- Not maintaining a credit score
Many people believe that money is the only thing that matters when renting a property. This is not entirely wrong. Your ability to pay rent and cover moving costs is important. However, landlords are more concerned about certain aspects such as your reliability. They prefer applicants with good credit scores. This is why it is so important that you take care of it in your quest to find the property of your dreams.
- It could be a problem if you change apartments all the time
Most landlords don’t like tenants who move twice within a 3-year time period. But such tenants do exist. So, why do tenants keep changing their accommodation so frequently? The reason could be anything. But landlords often suspect tenants who exhibit inappropriate behavior or break agreements. Long-term leases are what landlords seek. They always try to avoid tenants who move in and go.
- A career that is unstable
You might be giving your landlord a warning sign if your workplace changes too often because it reflects your impulsive nature. It also means your income is not steady enough. The landlord thinks that you will stay for a short term if you don’t have a steady source of income and if your job changes are frequent. Hence, this could have a negative impact on your landlord’s decision.
- Failure to pay the bills on-time
Any credit issues could put your landlord off. Outstanding debts such as speeding tickets, loans overdue, and credit lines will all be discovered if the landlord chooses to undertake a tenant screening process. Don’t let your credit history ruin your application. Pay all debts before applying for a new place.
- Not checking the neighbourhood
After moving into a beautiful home, one of the most frustrating discoveries you might make is a difficult neighbourhood. If you aren’t comfortable with the idea of being awakened at night by a loud train, or prefer peaceful neighbours to noisy ones, you might want to take the time to look into the area surrounding your future home. Some issues might be obvious. Others might need more research. Ask your neighbours about the area in question. This will allow you to kill two birds with one stone. This will help you not only to find out what you are looking for, but it will also allow you to establish new social ties and connections with the people around.
So, before you move in, do some research about the surrounding area. The locality can enhance as well as ruin your living experience.
- Not hiring a property agency
Finding a home is not an easy task. It can take days or even weeks to find the right one. To save time, many tenants go to prospective homes alone with their partners or roommates. While it may sound reasonable, it can end up costing more. There are two issues with this. Your future roommate might not be happy with your property choice. Second, the market today is so competitive that even if you are both interested in a property, it could be gone before you can see it together. So, approach a property agent with online presence so that you can browse the properties online while simultaneously applying for them with your roommate.
- Not comparing rental rates
They say that things are only as expensive as we pay for them. This is why even though properties are in the same neighbourhood, they can have a substantial price difference. It is important to compare similar properties’ prices if you wish to rent your property at a fair market rate. Hiring a property agent is better here because they can help you find the right house within your budget. Make a good start— see to it that your application is likeable. Browsing through the internet will also help you find out the maximum prices for properties in a particular locality. This will allow you to make an educated offer for a house.
Doing some research on your part is highly advisable while looking for a rental. Usually, opting for a 1 bhk apartment for rent in delhi or any other city shouldn’t cost you dearly, but then without proper research you might end up paying heftily even for small houses in less popular localities. Once you have done your research, you are all set to rent the house of your dreams.