15 Things To Consider Before Renting Your First Apartment

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In the next 15 days, Azunus Realty Consult (https://www.azunusrealty.com) would be taking you through “15 Things To Consider Before Renting Your First Apartment.”
Or your second, or third, or…
We have noticed cases where first time home seekers make mistakes that cost them a lot of bucks (GHS). We believe that this education would bridge the gap that home seekers need to make informed decisions when renting.

Day One of 15 Things To Consider Before Renting Your First Apartment

Make Sure You Can Afford It

The question is not only whether you can afford it. It goes beyond just the cost of renting the home to running it. A critical assessment must be made on the running cost and cost of letting. What percentage these amounts form from your salary is an excellent way to know whether you can continue to afford such property or not. Have a checklist to rate a property against. Does it meet your standard and cost demands? If yes, then go for it.

 

Day Two of 15 Things To Consider Before Renting Your First Apartment

Don’t pay for anything until you have seen the Apartment

No matter how hasty you are, never pay for a property without seeing it. There is a possibility that the property has been misrepresented. If you are busy to check on your property yourself, do get an agent. Depending on an agent in the circumstances like this is worth a while.

 

Day Three of 15 Things To Consider Before Renting Your First Apartment

If the landlord seems too eager to rent you the place, be careful.

Renting an apartment requires a lot of checks. Checks on the property and its ownership status. Don’t be caught in the web of dealing with wrong people or renting a substandard property.
As a renter, you are supposed to consider these two principles:

    • Nemo Dat Quod Non Habet:
      The basic principle that a person who does not own property, especially a thief, cannot confer it on another except with the true owner’s authority. Hence you need to ensure that the lessor has actual authority to release the property to you. Otherwise, you may have a none existent contract.
    • In addition, buyers (home renters) are advised to beware; Caveat emptor is a Latin term that means “let the buyer beware. You are supposed to perform your own checks on the property which includes the physical structure, checks on ownership and interest and even encumbrances that may exist over the property.
READ  Real Estate Investing Advice 2018

This may be quite technical for you as a first-time renter. Thus why you may need an agent to assist you in making the right decisions.

 

Day Four of 15 Things To Consider Before Renting Your First Apartment

Gauge your Landlord.

Lets hear from you. What is your understanding of the Tip below?

 

Day Five of 15 Things To Consider Before Renting Your First Apartment

Try to meet your potential neighbours.

Lets hear from you. What is your understanding of the Tip below?

 

Day Six of 15 Things To Consider Before Renting Your First Apartment

Figure out where the common walls are.

Lets hear from you. What is your understanding of the Tip below?

 

Day Seven of 15 Things To Consider Before Renting Your First Apartment

Visit the neighbourhood on nights and weekends before signing anything.

Lets hear from you. What is your understanding of the Tip below?

 

Day Eight of 15 Things To Consider Before Renting Your First Apartment

Conder their Pet policy.

Lets hear from you. What is your understanding of the Tip below?

 

Day Nine of 15 Things To Consider Before Renting Your First Apartment

Consider your commute.

Lets hear from you. What is your understanding of the Tip below?

 

Day Ten of 15 Things To Consider Before Renting Your First Apartment

Go over exactly what utilities are covered.

Lets hear from you. What is your understanding of the Tip below?

 

Day Eleven of 15 Things To Consider Before Renting Your First Apartment

Check all the faucets and flush all the toilets.

Lets hear from you. What is your understanding of the Tip below?

READ  Land Conflicts; Causes and Solutions

 

Day Twelve of 15 Things To Consider Before Renting Your First Apartment

Make sure the air conditioning and heater work.

Lets hear from you. What is your understanding of the Tip below?

 

Day Thirteen of 15 Things To Consider Before Renting Your First Apartment

Open all the drawers, cabinets and doors.

Lets hear from you. What is your understanding of the Tip below?

 

Day Fourteen of 15 Things To Consider Before Renting Your First Apartment

Make a checklist and take photos.

Lets hear from you. What is your understanding of the Tip below?

 

Day Fifteen of 15 Things To Consider Before Renting Your First Apartment

Scope out your outlets.

Lets hear from you. What is your understanding of the Tip below?

Thank you for going through this fifteen-day tutorial on home renting with us. If you have any questions do contact us. we would love to share our knowledge on real estate and land management with you. Thank you for reading.

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