10 charts that show how the property market changed this year
Property prices have kept rising across the country this year, though the rate of growth has now slowed from the faster pace seen earlier in the year. Click here to read more.
Choosing a home to rent is rarely easy. First, you need to find one that fits your budget and lifestyle. And then there’s the small matter of negotiating a suffocatingly busy open for inspection.
Pause to consider how little time each inspection gives you to look around a property, too, and you begin to understand just how difficult the search for a suitable rental can be.
But that’s just how it is. Which is why we came up with this simple checklist of things to look for in a rental property, before signing the lease.
Have a look for deadlocks, window locks and other security features. The level of security can make a huge impact on the cost of your insurance.
Before the inspection, make sure to check with your insurance company what security features would impact your policy, so that you know exactly what to look out for while you’re there.
Essentials: What first time renters need to know
Storage can be expensive to buy – especially if, later on, you move to a home that doesn’t need it.
While walking around your potential new rental, look for places where you would store your bike, snowboard, or book collection, and ask yourself, “is there enough internal and external storage for all my important items?”
Also think about whether there is enough pantry space, linen space and areas to store cumbersome cleaning items such as brooms and vacuum cleaners.
A lot of rental properties will likely be leased out in the same condition in which you inspect them.
So, if there’s lots of junk in the shed, and the garden needs weeding, ask the agent if these issues will be addressed before the move-in date.
Ask the agent what heating and cooling systems the property has, find out the specific rooms in which these technologies are available, and make sure that they all work.
Should you detect an issue, enquire if and when it will be addressed.
Don’t be afraid to whip out a tape measure at the open for inspection, as this is the best way to work out if your prized dining table and antique bed can fit through the door of your potential new home.
The location of the television antenna, power points, telephone and Foxtel outlets will likely impact how you can lay out your home.
So, make sure that you’re happy with their positioning.
Check that there is space in the kitchen for your fridge, for your dishwasher, and for any other appliances that you like to set out on the bench.
See if your washing machine and dryer will fit in the laundry, too, or enquire if they come with the property. If you like to drip dry your clothes, work out whether the laundry provides enough space for that.
Ask whether the apartment or house comes with a gardener. If it doesn’t, have a look in the garden to see what kind of maintenance it requires.
If you happen to have a green thumb and want to set up a veggie garden, ask if you would be able to do that, too.
Do you prefer gas or electricity?
This really is a personal choice. Some people prefer gas cooking, while others prefer induction hobs.
Whichever your preference, make sure you find out what’s available.
Click here for more information.
Property prices have kept rising across the country this year, though the rate of growth has now slowed from the faster pace seen earlier in the year. Click here to read more.
Sadly, when you’re living under the same roof as someone else it’s not always that easy, and share houses are the source of endless tales of nightmare housemates who leave a trail of filth wherever they go, or worse, refuse to pay their rent. Click here to read more.