Advice For Millennial Renters

Keys

As some of you may know we are looking at purchasing our first property this summer. However, I have been in the position where I have rented a number of student houses in order to live in different cities to the one I am from to complete my studies. I also have a number of friend who you could class as millennial renters after speaking to a few of them I have complied a list of what you should looks for when renting a house.

Stay at home

This might sound like a strange one when sharing tips for renting a house. However, renting is not cheap in some cases it is more expensive than having your own house. If you have the option to still live with parents or friends take it up I am not saying that it is going to be completely free to do this however you will be paying nowhere the price of rent. I know for one that when looking at 2 bed rent prices in York I couldn’t find much under 1000 a month. Currently we are loving with my parents while we save up enough money to be able to purchase our house. I think now we have enough of a deposit, we just need to find somewhere that we love.

Take Pictures and Read your contract

Take pictures of the property when you move in making note of anything broken or missing. For example when I lived in my third uni house for a few months there was no curtains for a period of about 2 weeks. This was an issue as I lived backed onto a school and anyone could have seen into my room. The landlord was convinced there was some curtains in the room. It was in my contract that there should have been and this meant that he had to to sort the problem out. If I not read my contract I might have actually ended up purchasing some curtains when I wouldn’t have needed to.

Have Contents insurance

You want to make sure that your possessions are safe and this will give you a piece of mind. This is something which I never did when I was at uni because of the fact that I had my laptop and phone on their own kind of insurance. However, speaking to my friends it is important to get some contents insurance this something which we will be doing when we purchase our own house anyway. But if you are renting you may need some more advise on what kind of insurance that you need and what your landlord’s insurance will cover you for. You can find more information about insurance with Homelet.

Make it your own

A tip one of my friends shared with me was that even though you can not paint the walls and make major changes it does not meant that you can not make the place your own. For example they recommend getting things such as cushions and other soft furnishings to make the place like a home. If you want more storage make sure that you have things which you can take to your new place when you move out. This will not end up annoying your landlord which is something which you never want to do.

Deposit Protected

Make sure that your deposit is protected this is something which we had when I was again in my third university house. Your landlord has to put your deposit into a protected scheme this means that you’ll get the full deposit back at the end of the tenancy provided you’ve met the terms of the tenancy agreement .If they do not do this they are actually breaking the law. I remembered that we got an email from the scheme when our landlord put it in the scheme and then 30 days after our tenancy we got the deposit back.

Do you rent if so what advice would you give to those who are looking to rent their first place?

 

Charlotte

This post a collaborative post

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