What You Need in a Rental Property

By Torrey Hough

If you are in the market hunting for a place to stay, a rental property can serve its purpose. There are several factors you should take into consideration before you invest our money in a place to stay. Here are things to look for in a rental property when you begin your search.

There are several rental properties available. When shopping around you will find homes for rent, duplexes, condominiums and town homes for rent, as well as apartments for rent.

The first thing to look for in a rental property is location. This is important because you want easy access to shopping, interstates, school, work, hospitals, emergency personnel like police and fire stations. The better the location, the more convenient it will be for you. Also take notice or inquire about the value of the homes in the area. If the value is higher, then you will tend to have good neighbors, whether they are coming or going.

The next thing to look for in a rental property is neighborhood and safety. Determine if the area is nice and has a low crime rate. This is easy to check with local police department reports and other city public records.

Unless you settle on an apartment complex, you will have a maintenance factor in other dwellings. This would mean lawn maintenance. Check out the size of the yard and other landscapes to see what type of work is cut out for you.

If you find something you like, one of the most important things to check is which appliances are furnished and with are not. If the tenant is responsible for furnishing the appliance, check on the type of utility and hookup that is available to insure your appliances will be compatible, and you won't be out of any money buying new.

Be on the lookout for potential problems. These would be normally hidden or that don't work. Faulty lights or mirrors and pictures in odd places on the wall, and area rugs could be used to hide a wall that is cracking, stains or missing tile on the floor, and a host of other things.

Do yourself a big favor by taking your time to notice and record things to look for in a rental property. In doing this you won't kick yourself for making a poor, hasty decision without doing a simple investigation to insure your new home lives up to the standards to meet your style and your standards. - 29969

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