What to Look for (And Avoid) When Finding A Rental Property in Perth
There are plenty of rental options when you’re looking for a place to live in Perth. But, it can be very challenging to find the right one for you.
This guide will help make the process a little easier by outlining what you need to know before starting your search for the most suitable rentals in Perth.
So, whether you’re a student looking for your first home or relocating for work, read on for some valuable tips from reputable real estate agents in Perth!
5 Factors to Consider
Property investors have a few important rental considerations to keep in mind when looking for a rental property. By considering the following important factors, you can help ensure that your rental property investment is a success.
1. Local Real Estate Market
You should always look into the local market when you search properties for rent in Perth, WA. This will help you understand the rental demand in the area, as well as average rental prices.
Additionally, research the local economy and employment rates. And be aware of any upcoming infrastructure projects that could potentially improve rental demand in the area – a crucial consideration when thinking of placing the property for rent soon.
By doing your research before investing, you will be in a better position to find both a suitable and profitable rental property in Perth, WA.
2. Your Budget
Sit down and work out your budget. How much can you afford on rent? This will help narrow down your property options and avoid wasting time looking at property types that are out of your price range.
Here are a few different ways to calculate your rental budget:
- Look at your income and expenses and see how much you can afford to spend on rent each month.
- Use a rental affordability calculator, which can give you a more accurate estimate of what you can afford.
Once you have a figure, start looking at properties that fall within your price range.
Consider other costs that come with renting, such as electricity and water usage, internet connection, and furniture. If you’re not careful, rental costs can quickly spiral out of control.
By taking the time to plan your budget, you can avoid financial difficulties down the road.
Ensure that the property is well-protected against intruders and in a safe neighbourhood.
There are a few different ways to assess the security of a rental property.
- Check the exterior of the property. Are there any obvious security features, like an alarm system or security cameras? If none, that’s something you might want to consider talking to your potential landlord about.
- Ask neighbours about their experiences with crime in the area.
- Check online reviews and see if there are any mentions of safety concerns.
- Take a walk around the neighbourhood and see if it feels safe.
- Trust your gut – if a property doesn’t feel safe, it’s probably not worth your time to pursue it further.
Keeping security in mind during your rental search can help ensure that you end up in a safe and secure home.
A clean rental property will be free of dust, dirt, and debris. The floors will be free of stains, and the countertops will be free of food or grease build-up. The bathrooms will be clean and free of mould or mildew. The rental property should also have a fresh smell.
Not only will a clean rental be more pleasant to live in, but it can also help you avoid potential health problems. Rentals in Perth that are dirty and unpleasant can become breeding grounds for bacteria and other harmful microbes. In addition, allergens can build up in uncleaned rental properties, triggering asthma and other respiratory problems.
If the rental property is not clean, it is also a sign that the landlord does not care about it. And this could lead to future problems with maintenance or repairs.
Therefore, it is important to take the time to inspect the rental property before signing a lease. Doing so can ensure that you are getting a clean and well-maintained rental property.
5. Proximity to Essential Establishments
Think about how close it is to the places you need to go on a daily basis. Nobody wants to trek across town just to buy groceries or pick up a prescription. A rental property within walking distance of a grocery store, pharmacy, and other essentials can be a real lifesaver.
Similarly, the rental property must be close to good schools if you have young children.
Additionally, it’s worth considering the location of public transportation stops. A rental property near a bus or train station can make it much easier to get around, especially if you don’t have a car.
Things to Avoid
When searching for a rental property, there are a few things to avoid if you want to find the perfect place.
- Rental properties that are in disrepair. This can mean anything from peeling paint to broken windows. Not only will this make your rental less comfortable, but it can also lead to expensive repairs down the line.
- Rental properties with high crime rates. This is unsafe, and it can also increase your insurance rates.
- Rental properties that are located in areas with high levels of environmental contamination. This can present a serious health risk, so it’s best to steer clear.
Additional Tips When Finding a Rental Property
- Don’t wait until the last minute. Many good rental properties are snapped up quickly, so starting your search early is important.
- If you’re a good tenant, you may be able to get a lower rental rate or other concessions from the landlord.
- Read the lease carefully before signing it. This document will spell out your rights and responsibilities as a tenant, so you’ll want to make sure you understand everything that’s in it.
With all these tips and important considerations, you can avoid some common pitfalls of renting and hopefully find a place you’ll be happy with for years to come.