Tips for renting different types properties

When it comes to choosing a place to rent, there are many considerations other than price. The ideal goal is to find a place that fits your needs while also fitting your budget.

However, deciding on which rental units are most suitable for you can take some research. It’s helpful to take some time to write down some considerations to help your search be more successful.

Some questions you could ask yourself are:

•    How much space do you need to live comfortably?

•    Is there parking?

•    Is backyard space important to you?

•    Are pets allowed?

•    Is the property close to transit?

•    How secure is the building?

•    What are the neighbours like? Are they quiet?

Once you’ve answered these questions, you can then narrow down your search for a rental apartment by type — namely, a house, a unit in an apartment building or condo, or in student housing.

Let’s start with an apartment or condo — look for one that is secure with a keypad at the door that allows tenants only. You might have to work within a small living space, but you will likely have your own kitchen and bathroom. However, laundry facilities are often shared in apartment buildings, and parking may be extra, so be sure to inquire about those details.

Student housing can be quite affordable, but be prepared to share kitchens and bathrooms (and maybe even bedrooms). Also be sure to double-check the lease agreement to make sure you’re not obligated to pay beyond when you need the rental. You should also try to share space with like-minded students — that is, those who are focused on completing their studies, and aren’t partying night owls who could disrupt your projects.

Renting a house could be the most cost-prohibitive, and often with home rentals you are required to pay a portion (if not all) of the utilities. However, you can’t really beat a house for space, and you might have the entire yard to yourself. You’ll likely also have a driveway, or even a garage exclusively for your use.

Doing a bit of research ahead of time and following these rental property tips can save you time, money and possible headaches down the road.