First things first, with the number of American’s choosing to rent over buy, the increase in demand is driving up price in some markets. So you’re going to want to have a few of these tricks up your sleeve if you don’t want to overpay for what you get. Here are some real estate rental tips you cant afford to live without.
The Lowdown On Rental Websites- There are a variety of websites that have listings in your area that let you choose your search preferences. This way you can pick the area you wish to live in, what price you can afford, how many bed/bathrooms, places that are pet friendly, and so on and so forth. All you have to do is simply put rental properties into your favorite search engine for your area and browse.
Now be vigilant, you’re probably not going to find the perfect match on your first try, keep trying different sites until you find one you like. Try the next day if you have to.
It’s Who AND How Many People You Know- A really good way to find a place to rent, before it even hits the market, is to ask everyone you know if they know of anything available. Tell people your looking, whether it be at work, through social media, at school, it doesn’t matter, as long as your getting it out there that your looking.
Word of mouth is a powerful thing, and it just might be that your grandma’s neighbor is looking for someone to rent out their apartment, done and done.
Look Beyond The Sale Signs- Depending on the amount of time a property has been on the market, the sellers might be willing to rent it out. They could be losing a lot of money just letting it sit there, the Realtor or seller is more inclined to give you a good deal in this case, and you might be relieving a lot of stress off of the selling party.
Are you Being Jerked Around?- You need to ensure that the rent of the place you are looking at is comparable with the rest of the market. Do some research on your own, don’t take the landlord’s word for it. You didn’t get this far without a little good old fashioned elbow grease, roll those sleeves back up and make sure your getting a fair deal.
If your not, make sure you tell the landlord the competitors prices, and state your case. Stand up for yourself and flaunt your knowledge, there is always room for negotiation as long as your willing to let the place go, and you need to be. No place is worth getting ripped off over, no matter how much you love the floor plan.
Things To Watch Out For Before Signing- You will most defiantly do this when you go through a potential home, but for a different reason, Look at the windows. The condition of the windows are a bigger deal than you’d like to think, especially if your heat bill isn’t included in the rent.
Old and cheap windows will let a lot of your heat escape through the windows, raising your bill during the winter months a considerable amount and leaving you out in the cold, or in the cold for lack of better terms.
Another thing to look out for is the condition of the paint. Are the walls peeling anywhere in the house? A new coat of paint in between tenants is standard, but if you notice this isn’t the case or their appears to be peeling of any kind it could be that the landlord lacks proper managerial skills and isn’t taking care of his property. It could also mean that there is lead paint on the walls, a major no-no especially if you have small children with you.
Check for any maintenance issues, things like: leaky faucets, a properly working water heater, air conditioning problems, and signs of rodent problems, or anything that looks under maintained, chances are if it’s like that now, you’re not going to get the landlord to fix it.
Let’s focus on the noise level for a moment – nothing is worse than having rowdy neighbors when you just want peace and quiet, unless you love lively neighbors and all the people around you are older and yell at you for being too loud past 8 pm.
You need to gauge your neighbors to see if it will work before you take the last step over that threshold. The wrong neighbor could ruin what seemed like the perfect place.
Where Am I?- f you even have to ask yourself this question, should you really be considering it as a potential living situation? No, the answer is no. You should at least have a good idea of the place you’re going to be living by getting a feel for it.
Check this place out on the web, do a lot of research on the surrounding areas, and make sure it’s a match for you. Check it out in person, get a spy on the neighbors if you have to (from a respectful distance) , and trust your instinct, if it doesn’t feel right, then don’t do it, its not worth it, if your not happy.
With its mild temperatures in the spring and summer and the perfect skiing weather in the fall and winter months Denver is a great place to live. Located between the Rocky Mountains to the west and the High Plains in the east, you’ll find a scenic view no matter where you turn.
There are a number of wonderful neighborhoods in Denver, any of which would be a great place to rent a home in. I personally like the following Denver Neighborhoods the best and would recommend them to anyone looking to rent a house in Denver, Colorado.
Bordering Washington Park itself, this neighborhood reigns as one of the most requested areas to rent a home in. With the vast number of flower gardens that bloom in the park this area is a visual display of nature’s most beautiful gifts. One area has over 54 flower beds and then there is an exact replica of the garden that Martha Washington grew in Mt. Vernon. Close to Smith Lake, this area is great if you enjoy water sports. The park draws families together and yet it is still close to a number of little shops and gourmet restaurants. Rentals in the area run from $800 – $2300 per month.
Home to the Cherry Creek Mall, this upscale neighborhood is home to great restaurants and lush tree-lined streets. Running paths and bike trails surround the banks of Cherry Creek. The 16 block Cherry Creek North shopping district has over 320 boutiques, salons, galleries and Fillmore Plaza. Many events are held at the Fillmore each season – ice skating in the winter and Films on Fillmore in the summer. This area brings you the best of both worlds. You’ll enjoy the beauty of nature between Cherry Creek and the South Platte River and the buzz of the city in Cherry Creek North. There are some beautiful home rentals in the area with the rates ranging from $700 to $5,000 per month.
This scenic neighborhood sits amongst the 330 acres of the lovely landscaped park. Included in this area are the Denver Museum of Nature and Science, the Ferrill and Duck Lakes, and the Denver Zoo. City Park is recognized as the largest park in Denver. With three man-made lakes and an 18-hole golf course that would certainly make it an accommodating area. The Colfax Avenue area attracts tourists and locals to the superb restaurants. Families will love having a zoo and museum in the area. The legendary Tattered Cover bookstore as well as the Twist & Shout record store also grace the area. In the summer you could enjoy the free concert series that is hosted at the park. A new addition to the area is an interactive fountain that lets people cool off during the hot summer months. Home rentals in this neighborhood run from $700 – $1,800 a month.
If you enjoy being in an area that’s diverse and interesting, Governor’s Park is the place for you. An eclectic mix of apartment dwellers and single home owners, you can enjoy it all in this affordable area. The span of restaurants is an international delight – from Benny’s Mexican restaurant to Little India. Located between Washington Park and Capitol Hill, the area is named after the Governor’s Mansion. If you have a family and choose to rent a home in this area, the Denver Public School department will let your kids decide whether they want to attend school locally or anywhere else in the area. The home rental rates in this area range from $700 to $1,400.
Located next to the busy downtown area, Five Points is one of the most historic and oldest neighborhoods in Denver. The area is where the very first downtown street met up with the very first neighborhood street that created the first suburb. The Five Points area is named after the time when horse-drawn carriages made their way down the streets. The nickname for this area is “Harlem of the West” with its rich history of jazz musicians. Back in the day jazz legends such as Count Basie, Nat King Cole, Miles Davis, Duke Ellington and Billie Holiday graced the stage. The area still has over 50 clubs and bars where great music is still played on the weekends. If you’re interested in renting a home here the rates are around $600-$1,200 a month.
If you love living in the heart of the city, you’ll love living in the downtown district. This is the home of Larimer Square, the Theatre District and the Civic Center Park. Home to the Pepsi Center and Coors Field you’ll never be bored in this neighborhood. There are currently around 10,000 residents living in downtown Denver, There is always plenty to do with the number of shops, restaurants, and stores. If you can’t find a home to rent you could probably find a plush downtown apartment to live in.
If you’re trying to decide whether to purchase a home or rent one, discovering how renting a home saves you money may assist you in making the most affordable decision.
If your budget is an important factor, knowing that renting is cheaper – and why it’s cheaper – will help you to move forward and find the perfect property for your needs.
Whether you want a single-family dwelling, a duplex, a townhome or a condo, you may find that renting is the best way to trim expenses, while still allowing you to enjoy a property that has every bell and whistle that you’re looking for. Now, let’s explore some of the key reasons why renting a home will save you money.
You’ll Bypass Many Home-ownership Expenses
Homeownership comes with hidden expenses, so the cost of purchasing a home may be a lot higher than most people anticipate. If you want to avoid these unwanted expenses, renting will allow you to remove them from the equation.
Many people are dismayed to discover how these expenses put a damper on their lifestyles. In fact, some become “house poor” because they routinely struggle to pay all of these costs, on top of the basic amount that they must pay down on their mortgage each month.
By renting, you’ll be able to create a monthly budget and stick to it, without worrying about maintenance costs and other related expenses. Maintenance of your property will be your landlord’s responsibility, rather than yours. Of course, this will also save you time and energy.
For example, if plumbing malfunctions, you will simply need to make a phone call in order to arrange repairs. This is yet another bonus of renting, and it does offer renters liberation from the more tedious and time-consuming elements of home ownership maintenance.
Many savvy renters streamline costs by taking what they would save on homeowner’s expenses and putting that cash into investments. You can do it, too.
You’ll Avoid Home Value Depreciation
These days, some homeowners just don’t realize good returns on their home investments. Because the real estate market lacks robustness at this point in time, due to the aftereffects of the global economic meltdown, depreciation, in terms of resale value, is a very real threat.
To avoid getting a poor return on your investment, why not rent instead? By choosing to rent a home in a nice neighborhood, you’ll bypass the risk of choosing the wrong home in a bad neighborhood and watching its resale value drop over time.
You’ll Enjoy More Choices
The rental market provides more options at more price points, so it’s a great way to find a property that will suit your budget and other preferences to perfection.
If you buy instead of renting, you may not have the options that you need. In other words, you may need to settle for a house that doesn’t have enough bedrooms, floor space and features.
When you rent, the market will be much more open. You’ll be able to choose a property that really works for you, in terms of its size, features and price. This is one reason why so many people are foregoing home ownership and choosing to rent. After all, if buying a home doesn’t provide you with the options that you need, why bother?
Times Have Changed
In the past, people purchased homes in order to get ahead in life. They got on the property ladder because they felt that investing in real estate was a sure-fire way to enjoy financial benefits.
However, these days, building equity in real estate investments is not the failsafe opportunity that it used to be. In some cases, these sorts of investments may actually be detrimental to a person’s financial well-being.
Times have really changed. And those who are able to recognize this crucial fact often come out way ahead. Many people who opt for renting over home ownership save lots of money, and they put what they save into smarter investments. If you want to take control of your finances, opting out of home ownership may be a very smart way to save cash which may be utilized for wiser, safer investments.
You don’t need to buy a home in order to be financially prosperous. By embracing a changing paradigm, and choosing renting over buying, you’ll likely come out ahead.
While renting may not be cheaper than buying in every area, as a rule, the odds of saving money while renting are really good. Now that you’ve learned some of the benefits of home renting versus home ownership, you’ll be ready to decide which is best for you. If saving cash is your priority, you may well decide that renting is the key to getting the most from every dollar that you spend on your home.
If you’re interested in moving and you’re not quite sure which neighbourhood is right for you, you should know that there are ways to get the answers that you need.
When you follow our expert tips and suggestions, you’ll be one step closer to finding a neighborhood that will suit your needs to perfection.
Now, let’s explore some easy and practical strategies which will assist you in choosing a neighborhood that you are proud to call home.
Certain neighborhoods offer a host of amenities, such as first-rate schools, community centers, parks and hospitals.
Knowing which amenities you want most will assist you in determining which neighborhood is really best for you. For example, if you have children, selecting a neighborhood with great schools may be priority one.
Many parents are willing to sacrifice a lot in order to send their children to the right schools. However, quite often, neighborhoods with premier schools do have a host of other appealing amenities.
Investigate Property Taxes
You will need to afford your preferred neighborhood. Aside from choosing a rental house or condo that fits your budget, you will need to consider property taxes. Some neighborhoods are shockingly expensive in this regard, while others are more reasonable.
Quite often, the best way to find out how much property taxes will cost in prospective areas is to talk to a local realtor or rental agency representative. Because these real estate professionals are experts on various neighborhoods, they almost always have the inside scoop on how much property taxes are in specific places.
However, you should also be able to get this information from municipal government employees. Whether your rental property will require you to pay property taxes is something else that you should consider.
These days, with real estate prices so high, many people must live in suburban areas, rather than within cities. If you think you’ll need to commute from a new neighborhood, be sure to realistically assess commuting times before you rent a new property in a particular area.
One strategy is to actually drive the route that you’ll be travelling, during the peak of rush hour. This is really the best way to know what you’re getting into.
Bear in mind that long commutes tend to get much more tedious over time. It’s also really important to consider public transit and its availability.
You need to know if buses, Skytrains and other forms of public transit are available. Again, this information will be readily available via your state or province’s transit websites.
Research Property Values
How much house or condo can you really afford to rent? To avoid becoming “house poor”, you need to decide what your budget is and then stick to it.
Biting off more than you can chew may be a huge mistake, so do use good judgment when choosing a rental property in a neighborhood. The best way to discover exactly how much houses rent for is to check local rental real estate listings for prospective neighborhoods.
You may also work with a rental agency rep that knows your budget and finds prospective rental houses that will fit your financial boundaries. This is one method of finding the right neighborhoods for you.
As you can see, there are some excellent, failsafe ways to locate neighborhoods which may excellent places to live. By following our advice, you’ll be able to realistically assess the advantages and drawbacks of various areas, and then begin house hunting in earnest.
Because the best neighborhoods will meet almost all of your specifications, it should be easy to find what you want, as long as you actually know what you want.
When you find the perfect neighborhood, you’ll be able to enjoy an amenity-rich area that makes for an easy commute (if applicable) and a very pleasant lifestyle. In addition, you’ll be able to afford the cost of your rental and all related expenses.
The more homework and research that you do before you sign on the dotted line, the better. When you take an organized and practical approach to house-hunting in assorted neighborhoods, you’ll have a much better chance of enjoying your home and its surrounding area.
One last thing to consider is crime rates for your preferred region. After all, high-crime areas, where car thefts, break-ins and violence are prevalent are very risky places to live.
You may access crime statistics for various neighborhoods by checking local police department websites. This information may also be available via municipal government.
Now that you’ve learned the secrets of finding the right rental home in the ideal neighborhood, you’ll be ready to make the most of your next rental.
By following our suggestions, you’ll be poised to enjoy your new surroundings as much as possible. So, why not begin finding the perfect rental property and neighborhood today?