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Posted December 29, 2017 by Rental Advisor

Your Guide to Renting a Home in a New Neighborhood

Are you planning to relocate to a new place, whether for work or personal reasons? Are you thinking of renting a home, but don’t know where to start? Then you have landed on the right page.

Relocating to a new place can be a taxing event. You not only have to deal with the emotions of parting from loved ones and the place you lived in for years, but you are also faced with the challenge of finding a rental home. After all, you have no idea about the place. As a Mayfield property management company in Edmonton, we come across several such cases where people have a hard time finding a new home. So, here’s a basic guide to finding a rental home.

Do Some Research on the Location

Researching the location is the first step to finding the right rental home. A simple Google search can help you do a quick research on the area. Utilize Google Maps to calculate the distance to schools, markets, or your workplace. If need be, speak to relatives or friends in the new city to get an idea about the place. A basic search can help you shortlist some areas that are best suited to your needs.

Set a Budget

Before banking upon a rental property, you must know how much you are willing to pay. Get started by identifying the rent prices in the shortlisted areas. Make sure you account for utility and maintenance costs that may not be covered by the landlords. Typically, you must spend no more than 30 percent of your income on housing costs. Draw up a budget keeping this and other financial commitments in mind.

Visit the Place or Read Reviews

Once you shortlist areas as per your needs and budget, you can conduct a search for rental homes online. While most sites help you with a good amount of information, it is still advisable to visit the place and meet the landlord. If you live just a few hours away, this shouldn’t be a problem. But, for those living far away, make sure you shortlist as many homes as you can so that you can evaluate multiple properties in a single visit. If need be, hire a property rentals manager to help you with your search.

Separate the Necessities from Luxuries

Sometimes we get lured by a property that is located in a classy area or provides a scenic view. But, such rental homes come at a price. Not everyone has the budget to afford high priced properties. Draw a line between the necessities and things you can do without. For example, parking, accessibility, basic amenities, are necessities, but you can do without a scenic view or proximity to a favorite restaurant. Identify what you need and it will help you chose a property that fits in your budget and needs.

Rent with a Mayfield Property Managment Company

Finding the perfect rental home is a daunting task, but a rental property manager can make it easy for you. If you are planning to relocate to Edmonton or nearby localities, connect with experienced property rentals services in Edmonton like Rental Advisors. We deal in rental property management and can help you find a rental home that’s best suited to your needs and preferences.