Renting for the first time can be a daunting experience and at the Professionals Mudgee Real Estate office we often have first time renters contact us and ask us about the renting process, or how to rent without having a previous rental history.
Renting isn’t as difficult as it first seems though, and if you have any questions about renting in Mudgee (or you know someone who does) then you might like to read through the below tip sheet we have put together to help out first time renters.
- How much can you afford? – Before you can start searching for rental properties you will need to figure out a price range to search within. If you’re renting for the first time then you may not have considered all of the expenses that can come with living out of home for the first time such as electricity and phone bills, groceries and other miscellaneous costs. Create a budget and figure out how much money you can realistically afford to pay on rent each week.
- Where do you want to live? – Think carefully about the area you want to live in and whether it will suit your needs. Do you need to be near shops? Or do you want to be close to work, transport or schools?
- Have you read the fine print? – When going through rental listings make sure you read the fine print. Some properties may have specific limitations such as “short term lease only”, “no pets”, or “not available until”. Make an effort to read rental listings in full to help whittle down your rental shortlist.
- Have you got your documents ready? – Make sure all of your documents are ready with you when you head to open homes so that you can apply straight away and don’t miss out to somebody else. This will include a completed application form and photocopies of ID and payslips.
- Do you have references? – If you have never rented before then there are a number of things you can do to help strengthen your application such as providing personal references or asking a parent to co-sign a lease for you. The more information you can provide that will show your ability to be able to pay the rent and look after the property the better.
- Do you have your bond money ready to pay? – If your rental application is accepted then you will need to have the bond money ready to deposit. A bond is usually equal to one month’s rent.
If you’re looking for a place to rent in Mudgee, or if you have any questions about renting, then please contact our friendly team at Professionals Mudgee Real Estate today.