Feeling overwhelmed by your rental home search? We’ve been there too (a number of times) and we know that we can all do with a little boost sometimes. Here are a few quotes that helped us stay motivated while house-hunting. We hope they’ll help you too!Deciding on priorities
"You can’t have everything you want, but you can have the things that really matter to you." – Marissa Mayer
Searching for a new home can be frustrating and challenging, especially if you’re not moving on your own! Before starting your search, make sure that you clearly define your requirements. There are typically 4 elements that will influence your decision: price, quality, space and location. It’s important that you align on these and which should be the top priority with your partner, wife, flatmates, etc.
"The bad news is time flies. The good news is you’re the pilot." – Michael Altshuler
Starting your search early is the biggest advantage you can give yourself. Looking at the property market within 6 weeks before your moving date will give you enough time to validate what area is the best match for you, view properties and get a sense of what a good vs. not so good opportunity looks like… so that you can identify the right property when it comes your way.
"Knowledge is power." – Francis Bacon
The more informed you are on the property, the better equipped you are to negotiate a fair tenancy agreement and a good rent. Find out for how long the property has been on the market and if the landlord owns a portfolio of properties or just this one, as this can indicate what scope there is to negotiate the rent. Also, make sure you do your research on the neighbourhood and the local rental market, so you can use this to compare with the landlord’s ask.
"Remember that not getting what you want is sometimes a wonderful stroke of luck." - Dalai Lama
It's not the end of the world if a deal falls through on what you thought was your “ideal” home. So try not to get hung up on just one property. In fact, the most critical aspect that will help you negotiate well is to have 2 or 3 good alternative properties on your shortlist. These properties should be within your budget, provide similar quality living space (location, area etc.) and be available for similar terms (duration of lease, etc.).
This will put you in a position where you can afford to ‘let go’ and not feel pressurised to accept terms that may not reflect the market value of the rental property or not present a balanced deal.
"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned." - Maya Angelou
While it’s important to consider your budget when looking for a home to rent, make sure you are not just going after a good deal but instead getting real value for your money. If you have some uncertainties about the property but you still want to give it a go, you can negotiate a 6-month break clause, which will provide you (and the landlord) with an opportunity to end your contract early.
At the Urban Collective, we strive to make the rental search process as hassle-free and efficient as possible for you, in any season. Download our app or book your free consultation call with one of our professional Sherpas today!