Short-Term Rental Or Long-Term Misery?

None of us embrace the idea of moving. It’s stressful, and can be difficult for everyone. But, if you’re at the stage where you’re starting to hate your home, it’s a sure sign that you need to move on. It may be that you’re struggling to keep up with payments, or simply that you need more room. Whatever the reason, it’s crucial you act fast to keep everyone happy.

Of course, it isn’t always easy to act fast when it comes to moving. You might need a chance to save, or time to find the right house. In this instance, your best bet may be to rent for a brief period. Signing a contract of six months will allow you the space you need. Plus, it’ll stop you having to live in a situation which no longer suits.

That said, moving from private property to a rental can be difficult. To ensure you keep sight of the light at the end of the the tunnel, keep the following pointers in mind.

Know your rental budget

Before you even start searching, consider how much you’re willing to pay. Bear in mind that you’ll be forking out for rent and bills, much the same as you pay your mortgage and bills at the moment. In an ideal world, you want to pay less than you currently do. That way, you stand a chance of saving more. If you’re opting for a larger space, you may pay a bit more. That’s okay, but make sure you have a maximum limit in mind. Otherwise, you’ll struggle to keep your savings stable for the duration of your rental.

A landlord you can live with

It’s also worth being picky about landlords. A bad landlord can ruin your rental experience. They’ll neglect their duties and make your life difficult. By comparison, a good landlord will let you treat the place as your home. Some will even let you decorate if you promise to paint over it when you leave. But, how do you find a good one? To start, it’s crucial you know your rights. A landlord has a responsibility of care. They should provide everything from electric manuals to smoke alarm maintenance. Do your research before you move to make sure you receive they play by the book. You should always arrange a meeting before you move in, too. Here, you can see what kind of person you’re dealing with, and whether they’d suit your needs.

A long-term plan you can work towards

No matter what happens, remember this a short-term plan. Renting may provide you with a larger house for less hassle, but it’ll cost a fortune if you stay for too long. Make sure, from the off, that you have a long-term plan you can work towards. Know how much you want to save each month, and when you can start looking at getting back on the property ladder. If you take your eye off the ball here, you’re sure to regret it.

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