For many people, buying a house isn’t an option. A mortgage is a long-term commitment, after all, and one which many families end up paying for over thirty years or more. Not to mention the need for down payments and money in the bank for repairs. While home ownership is, undeniably, satisfying, many are now reaching for rentals as a more affordable and hassle-free option.
But, how do you settle on a rental property? The considerations you need to take here do vary vastly from what you might think about while buying. Still, asking yourself the following questions through the rental process is the best way to ensure that you find a property you can be happy in.
Do you like the area?
Area matters whether you’re buying or not. While you won’t need to consider things like local house prices when looking for a rental homes in Las Vegas, it’s still vital to think about whether an area is right. Checking local crime rates and neighborhood ratings is essential before signing a contract, as is knowing about local schools and amenities. Only then can you rest easy that a long-term contract will suit the needs of your family.
Is the price right?
You don’t need to know about the overall price of your rental property but you do still need to understand your rental budget. Most landlords will list rental cost per month. It’s down to you, then, to consider how much a rental will cost you over the course of a six or twelve-month contract. You also need to be clear about things like deposits and outstanding fees to ensure that you can afford a tenancy before reaching the point of no return.
Which features are included?
When you buy a house, you buy a blank canvas. The same rules don’t always apply in rentals. Most landlords will include essential white goods such as cookers and washing machines. Others may offer entirely furnished apartments. Make sure, then, that you know what’s included in every property you view. This can go a long way towards changing the financial viability of a property.
Are there any maintenance issues?
It’s also vital you look for maintenance issues in a rental. The moment you sign a contract, you accept a property as it is. Failure to address issues could even see you facing blame later. During any viewing, always make a note of underlying problems such as damp, as well as any more apparent problems like peeling wallpaper or leaking pipes. Your landlord will then be able to address issues before you move in, making sure that you’re comfortable and blame-free.
Have your realtors got your needs in mind?
It’s also essential that you view properties through a realtor who has your rental needs in mind. Here at Top Tier Realty, we offer a wide array of rental homes in Las Vegas, as well as providing expertise to help decide whether each property is right. All you need to do is contact us today on 702-586-8588.