Must know tips for people who are selling their home and are moving into a rental property

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People are always looking for the best and fastest way to sell their homes. Some people have time to spare, whilst others will reach out to companies offering the best sell house fast service. Whilst this is a good idea if time is of the essence, it’s often also wise to stop and plan out your best approach. Making the move from homeowner to tenant can be a difficult leap, whether your plan is to rent long-term or simply to use it as an interim measure. It’s strange, at first, to go from being in complete control of your property and any decisions pertaining to it to having someone else hold that power.

Yet renting can have many benefits. Useful not only from a financial perspective but also because someone else is tasked with the hard work and monetary outlay of maintenance and insurance, it certainly has its perks.

The trick to making the most of these is following these six simple tips to make the transition that little bit easier…

Make a list of your requirements

When it comes to choosing a rental property, a common mistake is not to devote enough care and attention to the process. Although it’s true you’ll be investing less in your new home than you did in your former one, you won’t want to be forced to move out after a month because the place is unsuitable, so make a real effort to find somewhere that’s right for you.

One of the easiest ways to do this is by writing out a list, with one column for your absolute unnegotiable requirements, and another for the optional extras you’d like. Don’t sign until you’ve found somewhere that ticks all of your primary boxes and at least some of your secondary ones too, as you never know quite how long you’ll end up staying for.

Make sure you like the decor

According to Tom Davies from Accelerate Homes, “One of the big differences between owning your own home and living there as a tenant is that you won’t be the one deciding on the decor. Although some landlords will let you redecorate according to your tastes, many won’t, as they’ll wish to keep everything as simple and saleable as possible.

This means that it’s pretty important to pay attention to interior aesthetics before signing on the dotted line. If you really hate how a property looks inside, we suggest you view your dissatisfaction as a deal breaker.”

Check whether there are any prohibitions on the property

As a homeowner, it’s up to you what you do in your property, but when you rent, it’s a very different scenario. Lots of landlords will have certain prohibitions on how you use their house or flat, so be sure to check these out when first enquiring about places you’re interested in. Smokers, pets, and DSS recipients are commonly excluded and classed as ineligible to apply, and some landlords will even specify that only adults are accepted.

Check whether it’s furnished or unfurnished

You might want somewhere furnished so that you don’t have to shell out on purchases for your new home; alternatively, you might prefer somewhere unfurnished, so you can fill your new place with the furniture you already own. Either way, you’re likely to have a preference, so always remember to check whether a property is furnished or not before you view.

Don’t be afraid to haggle

There’s no denying that the rental process can be expensive, and that letting a property from someone else represents a significant monthly outlay. Given that this is the case, we advise you to see whether there’s any wriggle room with regards to price. Plenty of landlords will be willing to negotiate, so it’s always worth asking. The worst that can happen is that they say no and you end up paying what you expected to. That doesn’t sound so terrible, does it?

Make sure you’re completely happy with your contract before you sign

Last but not least, remember that rental contracts are legally binding documents, so make sure you’re entirely happy with the terms and conditions specified within before you sign on the dotted line. Be sure to check everything from your specified responsibilities to the length of your contract to make absolutely certain that the arrangement works for you.

Follow our six simple tips today to make the transition from homeowner to tenant that little bit easier for everyone involved.

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