Be application ready
Once you have decided to rent a property it’s a good idea to prepare your documentation in advance as this will improve your chances of securing the property. Examples of documents include reference letters from your employers and previous landlords, payslips and pet references.
Real estate agents will also require the ‘100 points’ proof of identification. A passport or Australian driver’s licence are the big point earners at 30 points each, but there are also a number of additional pieces that will make up the 100 points.
Know your budget
Have a clear understanding of what you can realistically pay. Remember that you will also need to factor in gas, electricity (if separately metered) and, depending on the property, water. If you are moving further away from your work remember to also think about additional travel costs.
Have a clear understanding of what you are looking for and prioritise
- Whether you are looking for an apartment or a house
- Whether you require outside space or is a view more important
- The number of bedrooms/bathrooms
- The proximity to local amenities such as schools, shops, hospitals and transport
- Available parking space
Don’t forget that you must prioritise. If you can’t tick all of the boxes, then decide what is most important to you and be willing to compromise.
Starting your search
Now that you have decided your budget, where you want to live and all your paperwork is in order, it’s time to begin your search. Look out for, and attend, open house inspections and take down as many details as possible about the property. It has often occured that a tenant has signed the lease only to find out that their fridge is that fraction too big for the kitchen, or that the couch will not make it through the doorway. It’s a good idea to take a friend, colleague or family member with you as sometimes they will notice or consider something that you may have missed.
Look for whether the kitchen appliances operate on gas or electricity, make a note of the number of power points and their locations, and as we approach the cooler months check to see if there is heating.
Security is also a high priority for anybody looking to rent, but more often than not is forgotten about on the day. Ask if the property has an alarm or some other form of security and check out points of entry.
Once you have found your new place
Once you have decided on your new home, you will need to fill out the rental application form. With the evolution of the internet, the majority of agencies will have an online application form making the process simpler. It is recommended to fill out this form as soon as possible so that the agent is aware of your interest.
Want more information?
Happy home hunting from Savills Cordeau Marshall.