5 Biggest Mistakes Tenants Make When

Looking For a Property

Looking for a perfect home for rent? Get armed with knowledge first. It’s always better to learn from other people’s mistakes. So, let’s get started.

Mistake 1: Not investigating the neighborhoodIf you value comfort and safety, you would agree that neighborhood matters. People don’t like to feel insecure or constantly irritated in their own homes. Some neighborhoods might have issues with infrastructure or transportation, while others might be located too close to a railway or industrial park.

SolutionKeep options open until you are 100% sure that your future home is located in a nice neighborhood. Get round to investigate the area and talk to your future neighbors to find out if there are special features you should be aware of.

Mistake 2: Visiting open houses without you roommatesThere are two problems with such an approach. First, there is a fair good chance that your choice of home will not satisfy your future roomie. Second, the rental market is so hot that a perfect option might be gone before you come to see the home together.

SolutionBy a good chance, there are digital platforms like Rentberry that allow potential roommates look through properties online and apply for them simultaneously.

Mistake 3: Not comparing rental pricesThe tricky thing about real estate is that two apartments of the same quality can have a significant gap in prices even when they are located in the same neighborhood. That is why it is so easy to get fooled and agree to pay much more than a property actually costs.

SolutionTwo things can help: • First, you can spend some time comparing prices

for similar properties to get an idea of how much your desired home should cost.

• Second, you can use modern services like Rentberry and see how much other applicants are ready to pay for the property you like. This will help you rent a property at a fair market price.

Mistake 4: Judging the property only by a square footageNo one would argue that when it comes to property, size matters. However, it all comes down to a layout. Two properties of the same square footage can look completely different depending on how smart their planning is.

SolutionThe only solution you have is to keep your mind open and consider each property individually.

Mistake 5: Looking for an unaffordable propertyIt’s ok to strive for the best, but you should always stay reasonable. Looking for a property you cannot really afford is a complete waste of time.

SolutionIdeally, your salary should be at least 2.5 times higher than the price of your rent. If this minimum requirement is met, you’ll be able to pay on time.

Congratulations!

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Your chances to make typical tenant’s mistakes have just halved. Want to learn even more?

Make sure to read our full list of renter’s mistakes to avoid.