Top 8 mistakes tenants make when considering a property

February 7, 2017

There are over 9 million renters in the UK and competition for good rental properties can be fierce, in London there are ten tenants for every available rental. However, rushing into making a decision could be a costly mistake. Asktenants have compiled a list of the top mistakes that tenants make to help make sure that you don’t make them too!

All tenants not attending the viewing

All those planning to live in the property need to attend the very first viewing. In the time it takes to arrange another viewing the property will have been snapped up!

Not preparing for the viewing

Although not all potential problems can be identified in a viewing,  planning properly for your viewing will make sure that you know what to look out for. Read our blog (link to How to Prepare for you Viewing) for tips on how to ensure that you get the most out of your viewing.

Not checking out the neighbourhood

Look closely around the properties in the immediate vicinity of the property to see how well kept they are. Chat to one or two potential neighbours if possible to ask what the area is like. Go back and visit the area in the evening if your viewing is during the day to check out things such as availability of parking. If you want to check out crime rates it can be done online by postcode on the Crime Statistics website.

Not researching the area demographic

Many people move to a new area only to find out later that they do not fit in to the community. Websites such as Streetlife are a great way to research the demographics of the area you are looking to move to.

Not getting contents insurance

Landlords have insurance, but for the property and their possessions only. Their insurance does not cover your personal belongings, furniture etc. in the event of a fire, flood or even theft. Getting contents insurance should be top of list when you move in. You can find out more about getting tenant insurance here

Signing a tenancy agreement without reading it properly

Taking the time to really read your tenancy agreement is definitely 20 minutes well spent. It will set out what your responsibilities are as a tenant and exactly what you agreeing to in terms of repairs, paying your rent, how much notice you are required to give if you want to end the tenancy and much more.

Disregarding a property based on square footage/not considering storage

When looking at property details, many will disregard a property on the square footage alone. For example, a 700 square foot open plan property can actually have more usable space than an 850 square foot property that incorporates a large hallway.

Moving close to a preferred school without checking the catchment area

Many families move to secure places in good schools, but catchment areas are subject to change. To ensure you are looking to move to the right area for the school of your choice, a quick check on the School Catchment website will ensure you’re looking in the right place.

If you are looking for your next property to move to, visit www.northwooduk.com and set up an account to register your individual search criteria and get alerts when an appropriate property comes onto the market.

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