How to find the perfect rental property
With the cost of living rising, and many of the world’s top real estate markets in turmoil, it’s a good time to look at what rental properties can bring.
Whether you want to buy a home in London or Sydney or rent a property in Australia, the key is finding a rental property that fits your budget.
We’ll be exploring the pros and cons of various rental properties, including price, availability, and the properties availability in your region.
If you are looking to buy, we’ve laid out the pros of each type of property and how you can decide which is the best fit for you.
Read more: What is a home?
Why buy now?
When you buy a property, you can expect to pay more for the property, but the rental property you buy will also have a lower price tag.
While a rental house can have a lot of room for improvement, it can be expensive, especially in Sydney where a $200,000 home can easily cost $400,000.
However, if you’re looking to rent, a rental home will usually offer the same or better value than a property that’s a long-term investment.
The properties you’re buying should be built to last.
You can expect the property to be built in a good condition, which is often the case in Sydney.
This means that the property will be in good repair and will likely have maintenance in place.
In the US, for example, most rental homes have a 30-year warranty and typically have a life span of 5-10 years.
However in Australia this can be as short as a decade.
A lot of properties don’t offer good access to the community.
For example, many rental properties don`t allow you to access the surrounding community or can only be rented out to a limited number of people.
While some of these properties may be ideal for families looking to stay in a smaller area, some properties aren’t ideal for larger families.
You’ll also want to make sure that your rental property isn’t located in a bad neighbourhood.
When you move in, make sure to keep your expectations reasonable.
The property should be easy to access, but make sure you can access the property at all times.
Rentals are often expensive in Sydney and Melbourne, but not necessarily the most expensive of places to live.
When it comes to buying a rental, make the most of the property`s location and make sure it’s convenient to the area.
For instance, if your rental is in a central area of the city, make it easy for neighbours to find it.
The same applies if you want your rental to be closer to work or shopping, and make it convenient to get to it.
When it comes time to buy the property it`s a good idea to take advantage of the fact that it`ll be cheaper to rent than buy it.