Advice for First-Time Renters: What to Know Before Moving
Are you moving to the hotspot of Gold Coast, Queensland? Luxury residences, pristine beaches, top-class amenities and an eclectic lifestyle make the city desirable for families and working professionals. People looking to rent a home for the first time can find endless options within their estimated budget.
The Gold Coast is experiencing substantial rental market boom-thanks to the increasing demand among renters. Suburbs like Broadbeach and Surfers Paradise are among the iconic destinations for higher demands in the last few months. If you are considering relocating to this thriving city, navigate the rental property market as a first-time tenant and streamline your journey. Creating a moving strategy in advance can help prevent unnecessary expenses and last-minute chaos while protecting your precious possessions.
So, today, we’ve put together some key advice for first-time renters before the final move. This will ensure a seamless transition and a great rental experience.
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]First-time renters often struggle to navigate the rental market trends in Gold Coast, QLD. The region undeniably offers a huge range of rental properties, including apartments, spacious homes, townhouses, and beachfront homes.
In the past few years, the demand for rental homes in the city has increased in many well-renowned suburbs. However, prices can vary depending on the location, property, and proximity to public transport.
The median rent in the region is around $850/ per week for a house and $680 for a unit. So, make your decision wisely.
Believe it or not! Financial status plays a pivotal role when leasing a property for the first time. It can make or break your deal. However, gauging your potential expenses and creating a rough moving budget can help determine how much you can afford. You can consider the online rent affordability calculator and plan your expenses accordingly. Here are some of the common costs you may need to incur as a renter when relocating:
Costs can vary from a few hundred dollars to thousands depending on the size and distance of your move. If hiring professional Removalists Gold Coast, compare quotes and book the best company in advance to avoid hefty fees. For a DIY move, calculate the cost of packing materials, rental moving equipment, rental moving truck, fuel expenses, boxes, etc.
In Queensland, tenants need to deposit a security amount before moving into a rental property. It would be equal to 4 week’s rent. Landlords can deduct your bond money if you return the property in a damaged condition. They will use that money for repairs or professional cleaning.
This is one of the crucial aspects when moving into a rental property. Calculate the estimated monthly rent and create a budget accordingly.
In some properties, utilities may be included in the rental bond. If not, you must budget for electricity, gas, heat and water.
This includes parking fees, grocery, insurance costs, and other unexpected expenditures. So, here’s some financial advice: always keep a surplus amount with you when relocating your home as a renter.
As a first-time renter in the Gold Coast, ensure you do in-depth research on your rights and responsibilities for a seamless experience. Refer to the Residential Tenancies and Rooming Accommodation Act in Queensland, which outlines the rules for both parties, ensuring transparency. Know everything about the bond, lease agreement, cleaning responsibilities, property repairs, maintenance, etc., to avoid rental disputes and bond money deductions.
This is one of the most overlooked steps when moving into a rental property for the first time. Create a list of shortlisted properties in the region and visit in person. Do this as soon as possible to manage your move-out process. Taking a tour of the new property helps you determine the actual condition of the property. Inspect thoroughly and look for visible dirt, damage, cracks, stains and worn-out fixtures.
Ensure the unit has proper security and is in habitable condition. Check the locks, smoke alarms, and electrical and plumbing systems before making the final decision. Inspecting the property in person can help determine what to pack and leave when packing your belongings. You can also hire expert Removalists Gold Coast for your heavy furniture pieces and delicate items.
Do not forget to discover the new neighbourhood and its key amenities if you are settling to the Gold Coast as a newcomer. Look for nearby schools, healthcare facilities, shopping complexes, cafes, restaurants, accessibility to the public transport, parks, banks, etc. Also check the noise levels, especially moving close to the CBD or bustling suburbs. This can help you make a well-informed rental decision on the first attempt.
Leasing a property involves a lot of due diligence. As a new renter, you may not be ready for the quick application process. However, it is important to prepare the necessary documents in advance:
It is a worthwhile investment that covers a renter’s personal belongings in the residence along with liability coverage in case of loss, accident, or damage. It is affordable coverage that may range between $8 and $22 per month.
Also, ensure you read your lease agreement properly and take photos and videos of the property before the final sign.
When moving to a rental property, create a proper plan and pack all your belongings using high-quality belongings. It is good to use bubble wrap and packing paper for delicate items like lamps, mirrors, crockery, etc. You can hire seasoned Removalists Gold Coast to easily maneuver large furniture pieces like tables, beds, dressers, etc.
Tip: Look for free packing boxes that are in good condition to save extra dollars while reducing the landfill waste.
Ensure you forward your mail to your new address. You can do this at your local post service office or fill out the change of address form online. Also, update your new address at banks, credit card companies, utility providers, subscriptions, etc.
Renting for the first time can be exciting and overwhelming at the same time. It requires detailed due diligence to avoid goof-ups and financial setbacks. By following these tips, you can easily understand your rights and responsibilities as a renter and move to the most desired rental property with ease. Happy Moving!
