Tips for renting your first apartment
Renting an apartment is an exciting time for any first-time renter, but it isnt a decision that should be taken lightly. Before you start the search for your new Perth rental apartment, there are a few factors you will need to consider that could impact your time as a tenant. From securing your first-choice apartment to seeking the right advice from your property managers, here are a few things youll need to think about before making the big move.
Set your criteria
Deciding on your selection criteria before setting out in search of your rental apartment will save you a lot of time in the long run. Before shortlisting Perth rental properties, you need to consider what you want from your first apartment. Do you require a pet-friendly rental? What size rental apartment are you looking for? And what are your preferences in terms of location? Its important to note that if you want to live closer to Perths CBD, you will need to factor the costs of city living into your budget. You may also want to consider additional factors such as the accessibility of your rental apartment and amenities located nearby.
Before signing a lease on any apartment, you will need to ensure you can afford your new living costs – and were not just talking rental costs. If utility costs arent included in your monthly rent, you will also need to budget for utility bills and Internet costs. It may be worth enquiring as to the average utility bills for the apartment building, as this will give you a good idea of how much youll be paying on top of rent.
First impressions count
Renting an apartment is a bit like a job interview – you need to show the landlord youre the best fit for the tenancy. Before accepting your application, the apartment owner will want to make sure you are a trustworthy tenant who will pay rent on time and look after their rental property. Your application therefore needs to reflect this. The key to filling out any rental application is to be prepared. Good references, a stable monthly income and a clean credit history will ensure you make a good first impression with your landlord and increase your chances of securing your first-choice rental apartment.
Read the contract
Before signing your tenancy agreement, make sure youve read and understood the terms of your contract. Its important to know any terms and conditions that could affect you later in your tenancy. For example, under what circumstances can a landlord end your contract? Do you hold any responsibility for repairs? And are there any restrictive terms in your lease agreement? You may also want to enquire about strata by-laws and house rules, as these will provide you with key information relating to the terms of residency and conditions of access to common areas within the strata complex. As well as giving you an idea of the landlords expectations (and the freedom you will have as a tenant), knowing your responsibilities could save you getting in trouble further down the line.
Take the property report seriously
Once your application has been accepted and its time to move into your Perth rental apartment, you will be issued with a property inspection report by your landlord or their property management team. Its important to go through this report thoroughly to check for any irregularities. If you notice any damage to your property thats not recorded in the inspection report, you will need to note this down accordingly. If you dont claim this damage when you move in, you may be held accountable for it if and when you choose to relocate.
When youre searching for Perth rental apartments, bear in mind that the advertised apartment price is the rental rate the owner would like to achieve. However, this isnt to say that an owner may not be willing to negotiate on price for a trustworthy and potentially long-term tenant. You may want to seek advice from the relevant property management service or real estate agent to ensure your offer is reasonable and competitive.
Property management specialists
If youre looking for an apartment to rent in Perth, the property management team at Rentwest can help you find your new home.
Rentwests property management team manage a wide range of Perth rental properties and have an in-depth knowledge of Perths property market. Whether youre looking to rent your first apartment or buying your first investment property, we have the advice and expertise you need to succeed in your new venture.
For property management advice, get in touch with Rentwest today via email at email@example.com or call 08 9314 9888.