In this two-minute read, we look at how renters in Cardiff and Pontypridd can take the hassle out of finding a place to live.
Are you looking to move into a new rental property? Here’s a guide to finding a new home.
- Research
Identify where you would like to live and what kind of property you’re looking for. For example, if you work from home, you might need office space. If you have children, you may want a garden. Having a clear idea of your needs means you won’t waste time looking at totally unsuitable properties.
- Budget
Itemise monthly expenses such as rent, council tax, and utility bills so that you understand what your outgoings will be. Make sure you also factor in moving costs and set aside money for a secuity deposit.
At this point, make a list of local letting agents.
- Reality Check
Now that you know your preferred area, target property type and have estimated your monthly outgoings, check the rental market. Speak to Letting agents and check the property portals. If everything fits, then great, if not then see what compromises you would be willing to make.
Register your requirememts with agents who are active in your chosen area and set up property alrets from the property portals.
- Viewings
Finding a rental property is a bit like dating – sometimes it can take a while to find ‘the One’. It can be helpful to make notes (during viewings, that is, not dates – that would be weird, obviously).
- Be decisive
If you see a property that ticks all your boxes and is within budget, don’t mess about. Good properties are always in hot demand, so make an offer.
Here at Belvoir we tend to advise the following. If you are unsure whether its the right property for you, then don’t rush in. Remember, you will be sigining a contract to rent for a minimum of 6 to 12 months. However, if it is a property that you are inetrested in, don’t hang around. Contact the agent and express your interest ASAP.
- Holding deposit
If your offer is accepted, you may be expected to pay a holding desposit. This is usually the equivalent of one week’s rent and deducted from your first month’s rent (if you proceed with the tenancy). However, if you get cold feet, or fail the referencing process, you may lose this fee.
- References
Before you get the okay to move in, you’ll need to provide several important pieces of information. Expect to be asked for photo ID, proof of address, bank statements and payslips (covering the past three months). you may also require references from your employer and previous landlord.
- Contract
Once the reference checking process is complete, you’re on the home stretch. All you need to do now is sign your contract. Always read any agreement thoroughly, and if you don’t understand something, ask for further explanation.
And finally
Having confirmed your moving date, get packing!
For information about renting, or putting a property on the rental market, contact us here at Belvoir Cardiff an Pontypridd.
