Finding the right flat to rent in Colchester can be a complicated process. An increasing number of people renting property rather than buying has transformed the market, making it more competitive and active. The rental market in Colchester is fast-moving and tenants must act quickly to secure the property of their dreams.
But this situation often causes tenants to move rashly into a tenancy agreement that may not suit their needs. Being cautious, planning properly and giving thought to the long-term suitability of your decision means you are more likely to find a home that you love. Here are some key things to do before you sign for a new flat in Colchester.
1. Set Your Budget
The cost of flats to rent in Colchester rises every year. It is more important than ever to set a realistic budget for your ideal flat – and stick to it when you search. Factor in all your monthly bills and payments to work out what you can afford for rent. Consider where you will be able to find a property within your budget that meets all your needs.
2. Do Your Research
Don’t rush into your Colchester flat search without first doing some research. Think about the requirements you need met in your flat. There will be essential requirements and desirables. You may not be able to tick all the boxes but you should aim for the majority to be covered. Look online or in local estate agents’ offices to see the type of properties on the market. Consider the local area – you will be moving into this neighbourhood, so you must be confident it is a place you want to spend time. Think about accessibility and travel requirements. If it is important to be able to walk to work, for example, this should be a prime consideration.
3. Read the Tenancy Agreement
Many people skip this part in order to move in and get unpacking. But it is vital to read the tenancy agreement before you put pen to paper and sign it. Every landlord has different requirements surrounding their property and you need to know what is expected of you. There may be issues in the contract that you consider unfair or will cause problems in the future.
4. Carry Out Your Own Inventory Check
Look carefully around the property as you move in. Check that any damage is recorded on the inventory, taking photos where necessary. Make a note on the inventory of the condition of fittings if they differ from what is already noted on the document. It is important to sign and return the inventory within the allotted time, otherwise you risk losing part of your deposit for damage you did not cause.
By spending some time on the preparations for finding a flat and the tasks you need to undertake when you move in, you are more likely to enjoy a smooth, stress-free tenancy in a property you are comfortable in.