Renting Your First Home as a Couple
When you rent your first home as a couple, it can be a very exciting time. This is something that many couples work hard toward so when it finally comes to fruition it can be a life-changing experience. However, before you jump in feet first, you need to ensure you have everything planned out from the finances through to the type of accommodation you go for.
A lot of couples decide to rent a home to start with if they have never lived together before. This is because it provides them with the opportunity to experience what it will be like to live with one another without being tied down to a mortgage. Once they are happy with life together, they then often think about marriage and purchasing a property.
Finding the right first home!
There is a lot to think about when you rent your first home together as a couple. The first thing you need to consider is what you can afford. Remember, you will need to pay a deposit and depending on the landlord you may need to pay a number of weeks or months rent upfront. Don’t rush into moving in if you don’t have the money. Make sure you save a decent amount between you so you can pay the upfront rent and deposit costs. Also, remember the additional costs involved such as moving costs and buying furniture and appliances if the property is not furnished.
Things always pop up.
You also need to think about the bills you are renting your first home, as this is something that couples often forget to consider. You will have to pay a fair amount out each month for utilities, broadband, food and household goods, insurance, and other bills. This is in addition to any debts and other financial commitments you may already have. Put your heads together and do some number crunching to ensure you are both bringing in enough money to comfortably cover these costs without leaving yourself penniless each month.
Another consideration is the location of the property you rent. Obviously, it needs to be somewhere that suits you both such as close to families and close to work or college. You should also make sure you do some research into the area. You can do all sorts of online background checks these days and this includes checking on things such as crime rates in a particular area. Take the time to do this before you decide upon a property or area, as it could save you a lot of hassle and stress in the long run.
It’s worth it.
Once you have sorted all of these details out, you can start looking for the perfect property to rent. Do make sure you check things such as local facilities and amenities to ensure that you are both happy with the property and its location.
By taking these steps and getting yourself organized you can make getting your first home together an exciting and memorable one rather than one that is fraught with stress.
Have you ever rented a home?
Let me know, til then–cheers m’deres!
Nancy Polanco is a freelance journalist, lifestyle content creator, and editor of Whispered Inspirations. She is a proud Mom to Gabby and Michaela, and wife to Darasak. Having worked as part of a health care team for almost a decade, Nancy is happy to be back to her passion. She is a contributor to the Huffington Post, TODAY’s Parents, and an Oprah Magazine Brand Ambassador.