With the costs of living going up, trillions of dollars’ worth of student debt in the United States and salaries not proportionately rising, the rental market, especially in cities like Denver, is booming. Many young people do not have the money for down payments on houses and are instead forced to rent for longer periods of time. The rental prices, in addition, are high, so it is important for renters to ask the right questions about their building before signing a lease. Getting a good deal is important and many buildings, knowing that rentals are the only options for many people, will exploit that by charging high rental prices for not much by way of amenities or updates. If you are on the market for a new rental property, it is important to talk to the landlords and management companies about a few things to ensure the building is being taken care of and you are getting good value for your money.
- Ask about utility payments. Some buildings may make it seem like you are getting a good deal on rent, when in reality, that number does not factor in all the utilities you will be responsible for such as water, trash, electricity, AC repair Colorado, heat and more. If possible, it is best to find a building that pays for a majority of the utilities if not all. It is fairly standard to find buildings that will pay for water, heat and trash and then have the tenant pay for electricity themselves.
- Ask about maintenance. You will want to know that whatever building you live in prioritize fast and efficient maintenance when problems undoubtedly arise. For example, as winter approaches, it will be important to confirm that heating repair Colorado will be done in a timely manner by professionals like those at Zeppelin HVAC. A building management company or landlord that does not prioritize the comfort of their tenants should be avoided.
- Ask about building security. These days, and particularly if you live in a city, building security is important. Whether it is through a key, key fob or keypad access code, it is important to live in a building that makes you feel safe and secure.
- Ask about updated appliances. Find out how often the building is committing to remodeling or updating appliances. While older appliances may not be a huge deal breaker, it is good to get a sense of how committed management or landlords are to keeping the property updated and worth the money.
- Ask questions about the lease. If you have gotten to the stage where you want to sign a lease, make sure you read through it and ask questions as you go. It is better not to leave something to chance and assume you know what it means and then be burned by it later.
Renting a new home can be a stressful process, but if you do the work of asking the right questions about amenities, maintenance and HVAC repair, chances are you will end up in a better situation in the long run.