A list of foolproof tips for first-time renters

Do your research

Moving into a home is a major life event, regardless of whether you are buying or renting – so it’s important to devote enough time and research into finding the perfect one.

Embracing the digital age can be useful and you are almost always guaranteed to find whatever it is you are looking for online.

The internet has a variety of property search portals that offer easy access to all available property listings on the market.

You also have the option to sign up for instant alerts to keep track of all new listings on the rental market.

Private Property is one such portal which instantly notifies users via email or SMS of all new available listings that match the user’s specified location and requirements.

Be mindful of rental scams

The downside to the digital age and its easy access to information, is the opportunity it offers bogus agents and fraudsters in generating rental scams that many renters fall victim to. Keeping your guard up is essential in ensuring you aren’t the next target of a rental scam.

The following are common signs to look out for:

• Not being able to view the place of interest.

• Agents or landlords who avoid meeting in person.

• A forced emphasis on transferring money without signing proper documents.

• Agents or landlords who withhold pertinent information from you.

Always be wary and investigate as much as possible to avoid this type of situation from occurring.

If you are dealing with a rental agent, ensure they work for a reputable estate agency to confirm you aren’t liaising with a fraudster.

It’s important to also have all relevant documents checked by a legal advisor to ensure all the paperwork is legitimate.

Find out more on how you can avoid becoming a victim of a rental scam.

Don’t live beyond your means

Renting a more expensive dwelling than you can afford is a common pitfall amongst many first-time renters.

Moving into a new dwelling often involves hidden costs, so keeping some wiggle room in your budget is essential to avoid unforeseen bills and ensuring you aren’t living beyond your means.

First-time renters are advised to stick with a unit that is well within their price range in order to accommodate expenses they haven’t anticipated, such as a huge utility bill or a broken appliance that needs to be fixed.