Top Tips Every Renter Should Know

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Top Tips Every Renter Should Know

If you are planning on renting a home, then you will need to keep these handy-dandy tips in mind!

1. Just pretend you’re buying a home when you are hunting for an apartment. How does this help? Well, you will find out in a few seconds. The thing is, if you plan on renting for a few years, the condition of the building should matter. So, you might want to think as if you are actually buying the place instead of renting. This will help make sure that you really want to live here. For instance, you can ask questions like how old the appliances are, or etc. If you think like a homeowner, it can help you save more bucks.
2. Save space. Yes, this also applies to tiny apartments. There are plenty of apartments that doesn’t offer a ton of living space, or even storage space. This is especially true in big cities. Teach yourself some simple storage hacks (that is for another article, and another day so stay tuned!)
3. Educate yourself on how to deal with noisy neighbours – or worse, difficult roommates. The most unfortunate thing about renting or buying a new home is that you can’t choose your neighbours. So, if your new neighbour make too much noise, make sure to send them a subtle message. Or, if needed, contact your management. However, it can be a different story if you are sharing a room or a flat with roommates. You will need to make sure early on that both of you are compatible roommates. Set some ground rules, too, to make living together easier.
4. Save money on rent. How can you do this? One way is to move in at the right time. When is the right time? Well, review your options. Usually, spring and summer offer more rental space options. However, there are also more competition for renters during these seasons. Winter offers less choice but it is a slower season for apartment hunters. This means that landlords might be more open to negotiating the monthly rent. Sure, there might not be one absolute “best” time to shop for an apartment, but if you know the neighbourhood enough, and how scarce apartments for rent are, you can plan when to look for a new place accordingly.
5. Avoiding rent increase. Contrary to what most of us believes, a renter can actually control the rent. How? Well, rent prices are all over the map and is rising across the country. However, landlords still want to retain good renters such as yourself. So, in able to avoid rent increase, exchange something you don’t particularly care a lot about for a decrease in rent or to prevent an increase. What are these things? Well, it varies. It can be a longer lease or pre-paying the rent months in advance. You can also negotiate it by reminding your landlord how good of a tenant you are. 😉