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First-time renters often have a lot of questions about what to expect when they sign a lease. Deciding on a condo for rent can be an exciting and daunting experience, especially if you've never done it before. There's a lot to think about, from budgeting to signing a lease to understanding your rights and responsibilities as a tenant.
The smell of independence and freedom is a cause for celebration to many first-time renters. This indicates that they are about to take on a new adventure without the supervision of their parents. Living alone in a condo, going to work, and having tons of fun according to your rules is something that many have dreamed of.
But the excitement and enthusiasm of living alone can cause a lot of trouble for first-timers. They are likely to focus on what they can do with their newfound freedom and they tend to forget to consider the necessities of living alone.
So for first-time renters and old-timers (a person can never have enough experience) alike, here is a guide on the Know-Hows in leasing.
1. Be observant and check the environment
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Even renters with experience forget about doing this. They would quickly say yes to a lease even before checking the space and its environment. For first-time renters, it pays to be observant. Follow your instincts when looking at the space. If the environment screams danger - if the people around the neighborhood are gambling and drinking most of the time - and has poor cleanliness, then it is best for you to say no.
Also, think twice if the rental fee is low. Look into the place to see why it is inexpensive. It's better to be safe than sorry. By checking the area’s environment, it will give you an insight of what to expect in the place, especially at night. Your place should have great security at this time of the day. Remember that the space and environment you're looking at contributes to your overall wellbeing.
2. Take pictures
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Before moving in, it's best to take pictures of the space first. You won’t need an expensive camera for this; your camera phone is enough. This way, you have evidence of the things that might have been damaged already. Send them to your lessor to avoid arguments of who did the wrecking of the utilities once you’ve decided to move to another place.
Just remember not to take too many pictures, or people might feel like you’re invading their privacy and being too nosy. Plus it's a good idea to give your new place a once-over before you start unpacking to make sure nothing's been damaged. This is your new home, and you want to make sure it's in good condition before you start making yourself comfortable.
3. Read before signing any documents
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As the popular saying goes, “It pays to read”. A lot of people would sign anything without reading and understanding first what they are putting their name on. This is not only risky, but it can also lead to a lot of misunderstanding and conflict down the road.
It is best to take the time to read and understand the contract before signing it. This way, you will know what your rights and responsibilities are, as well as what is expected of you. If there is anything you do not understand, be sure to ask for clarification.
A lot of people get into trouble because they don’t know their rights and what contract they have signed for. The contract works as protection for the lessor and the lessee. If this simple task is done, it would avoid long arguments between the two parties.
If you are one of those first-timers, don’t be afraid to ask for clarification about certain things in the contract. If the person leasing the place to you is not willing to explain, then maybe it is better to look for another place.
4. Match your lease with your lifestyle
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People tend to overdo things. Or in this case overestimate their income. For first-time renters, it is important to take into account how you are going to pay your rent. Is your source of income enough to cover not just your space but the food, toiletries, utensils, and fixtures that you may need in time? If not, then you better think first before saying yes.
Being self-sufficient doesn’t happen overnight. It is a process that requires time, effort, and of course, money. For first-time renters, it is best to start small and then work your way up. There is no shame in admitting that you can’t afford a big space. Start with a smaller one, and then once you have saved up enough, you can move to a bigger and better place.
Moving out and renting your own space come with a lot of responsibility. Being independent is something you gain and learn. By seeking help from parents and people who have gone through the same experience, you’ll be armed with tips and advice. But it is with experience that you’ll truly gain independence. So just go with the flow, pick the pieces from there, learn from your mistakes, grow, and have fun.
5. Prepare yourself for independent living
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Mental and emotional preparation is essential. If you think you can’t handle living alone, then maybe it is not the right time for you to get your own place yet. But when the time comes that you are ready, as a first-time renter, you should be prepared for the expenses that come with living on your own.
Another thing to keep in mind is that you will be responsible for the upkeep of your own place. This means that if something in your apartment breaks, it will be up to you to fix it or replace it. Condo living is not for everyone, so make sure you are prepared to take on the extra responsibility before making the decision to move into your own place. Learning to take care of yourself and your space is an adulting skill that you must learn.
Knowing when it’s the one
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As a first-time renter, you might find that there are a lot of places that you like but can't decide which one is the right fit for you. Which makes it all the more important to take your time when choosing a place to rent. Knowing when the place is the one can take time but it would all be worth it in the end. Choose the place that feels like home. A space where you can picture yourself making memories in.
Though you may struggle to find it, the perfect place is out there, you just have to keep looking until you find it. After all, nothing worth it comes easy. Keep in mind that when you do find the one, it'll be worth the wait. Sometimes, you won't even expect it. So once you know, don't hesitate to make it yours.
Key takeaways
It's no secret that there is a lot to think about when you're a first-time renter. It's the price of independent living. But don't worry, if you take the time to educate yourself and be prepared, it can be an exciting and rewarding experience. So don't hold back, take the plunge, and enjoy your new home.
- Ask for clarification about anything in the lease that you don't understand. There's no harm in asking questions. The important thing is that you understand what you're signing and you know the rights and responsibilities that come with it.
- Make sure you are mentally and emotionally prepared for independent living. Sometimes it can be lonely or challenging, but it is also a time for you to learn and grow. How else would you know what you are capable of if you do not try?
- Take some time to educate yourself on topics that you're not sure about. Learning how to do basic skills to take care of yourself and your house is an important part of independent living.
To learn more about DMCI Homes pre-selling and ready for occupancy projects, units for lease, and special promos, log on to www.dmcihomes.com or call (632) 5324-8888. You can also check out https://leasing.dmcihomes.com/ for currently available condos for rent.
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