If you’re an aspiring first-home buyer trying to save for a deposit while renting, this time of year is often an ideal opportunity to re-evaluate your accommodation.
With many leases expiring, anecdotal evidence suggests a lot of renters are seeking arrangements that last longer than 12 months to give them stability and rent-cost predictability.
When inspecting a property, the first rule to apply is the “Three Ds” – is the property dirty, damp and dark. That’s a combination to avoid.
Here are 12 more tips for inspecting a rental:
Heating system – Inspect the age, type (forced air, electric baseboard, boiler) and condition of the heating system, and ask for proof of recent maintenance.
Insulation and drafts – Check for drafts around windows and exterior doors. Poor insulation can lead to very high heating bills.
Utility inclusion – Explicitly confirm with the landlord or agent which utilities are included in the rent (e.g., heat, hot water, electricity, water) to avoid surprises.
Snow Removal – Clarify who is responsible for snow removal and lawn maintenance – the tenant or the landlord.
Laundry facilities – Clearly determine if laundry is in-suite, shared/on-site or off-site. The availability and location of laundry is a major factor for any renter.
Take a tape – If you have appliances such as a fridge and washing machine, you want to be sure they’ll fit into the kitchen or laundry. So, a tape measure is an essential tool.
Size matters – A common frustration, especially with older buildings, is that garages are too small to accommodate today’s cars, especially SUVs. Again, measure the space to ensure you can use off-street parking.
Feel safe – Inspect the locks on the doors and windows. If there’s an intercom, check that it’s working. You want to feel safe in your own home.
Water stains – Check out the walls and ceilings for brown watermarks, or thick layers of paint that may be hiding them. Avoid a property with water issues. Mould is a serious health problem.
Under pressure – Turn on the faucets in the kitchen and bathroom to gauge the water pressure. If you can’t get a strong flow, that’s a bad sign.
Air flow – In most rentals, you’re going to want to open the windows occasionally to air out the apartment or a room in the house. Good ventilation is important.
Picture this – Before visiting any property, ask if there’s a video available to give you a good idea of what you’ll be walking into.
Take video – If the agent doesn’t have video, ask for permission to take your own footage when you get to the property. If you’re looking at numerous properties, it’s easy to confuse them. A quick video of each will help your recall.