Before committing to any contracts or tenancy agreements, seeking advice on renting a property is always good practice.
If you want to find a rental property in the eastern suburbs of Melbourne, our team at Noel Jones has put together seven valuable points to consider before settling on any houses for rent.
1. Renting a Property in the Best Location for You in Melbourne
When choosing a rental property in Melbourne, location is everything. Even if it is the house of your dreams, if it is hours from where you work and spend most of your free time, then it won’t be worth the investment. Before renting a property, consider things like commute time, social commitments and personal preferences to narrow your search and make an informed decision.
2. Find Affordable Prices for Renting a Property
You should always go into your rental journey with a clear budget to help you narrow down the locations and rental properties you can afford without overreaching. Factor in all your expenses, from utility bills and lifestyle costs to a small portion of your money spent on personal entertainment, and see how much of your income you have left to allocate to rent.
Houses for rent in Melbourne’s eastern suburbs vary in price, so be sure to do a wide sweep when performing market research.
3. Explore the Different Charges that are Attached with Your Rental Property
If you are new to renting a property in Melbourne, you may not be aware that different charges appear throughout your tenancy. For example, ask:
- How many weeks’ rent will be needed for the deposit?
- Are there any tenancy fees?
- Will there be other costs like exit or renewal fees?
- Are utilities like water and gas included?
- Will you need to pay for the usage and upkeep of shared facilities, such as swimming pools and gyms
Different agencies and landlords will have their own fees and expectations, so seeking advice and being mindful of these from the beginning is crucial.
4. Thoroughly Inspect the Condition of Rental Properties in Melbourne
When looking for a house to rent in the suburbs of Melbourne, you must be diligent in your inspections. After all, no one wants to be locked into an agreement and deal with problems like dampness, mould or poor insulation when they could have easily been spotted from the start. Always ask questions and seek advice if there are any issues.
If you are still interested in the property, you can always request that any concerns be fixed before you commence your tenancy.
5. Establish How Long You Will Be Renting Out a Property
When renting a property in Melbourne, you will be presented with a tenancy agreement that details the length of your stay. If the initial agreement is short with the ability to renew and extend the terms, this option provides the most flexibility for both the renter and the landlord. However, if you are specifically looking for a long-term agreement, you must clearly communicate this to the rental agent, and they will offer tailored advice.
6. Consider Whether the Houses for Rent Have Everything You Need
If you plan on renting a property for an extended period, then it is vital to ensure your choice of houses for rent includes everything you need. For example, will you need a designated car space? Will you need accessible features like a ramp for a wheelchair or pram? Or do you have a pet that perhaps requires an adequate outside area? Taking these considerations into account before selecting any of the houses for rent in the eastern suburbs will help you find a more suitable location earlier.
7. Always Check the Paperwork When Renting a Property
Finding houses for rent in Melbourne’s eastern suburbs is like any other agreement, involving detailed contracts to protect the parties involved. Before agreeing to or signing anything, read the contract thoroughly, and seek advice to ensure you are well-informed about your responsibilities as a tenant and how you are protected in various eventualities.
Find Houses to Rent in the Eastern Suburbs of Melbourne Today
Contact one of our Melbourne agents today and view the various rental properties across the eastern suburbs.