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The typical peak for renting is from May to August when school is out and the weather is more suitable for a move. It's not uncommon to see higher prices during these months, which is why some suggest looking earlier or later in the year.
Ensure to make a list of the must-haves, the nice to haves, and the things that aren't a priority.
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Make use of an agent or broker
Using an agent can help navigate through unknown territory. They have a good understanding of each landlord's reputation.
They can help weed out the duds, schedule appointments, help organise paperwork and make it an enjoyable experience.
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Don't be afraid to negotiate
Negotiation is best done by a well-trained agent, however, you should still have some knowledge on things such as comparable appraisal characteristics, number of days on the market, and competition of similar spaces.
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Location is more important
Location is more important than square footage. For example, the apartment may have no closets but might be in the right neighbourhood.
If you're planning to stay in your rental for longer than a year, a bigger space may be more important than the location. If you're considering a smaller space, calculate your rent with your roommate based on room size to determine if the apartment is worth it.
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Make your mark on your space
Rentals are not hard to personalise.
Options to fix a temporary place are endless, such as removable wallpaper, swapping out light fixtures, using curtains, or disguising ugly floors with stick-on tiles.
Some renters are willing to upgrade the apartment with new floors or a new kitchen at their own expense. They need to notify the owner of the changes, but owners generally agree to improvements.
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CURATED BY
CURATOR'S NOTE
Renting is a great option for those living with roommates or young families. However, it is important to be well-informed before signing the lease.
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