Whether you’re searching for your very first place, or you’re not quite ready to become a homeowner, this quick guide will highlight some considerations when looking at houses to rent in NJ.
EXPLORE YOUR OPTIONS
Deciding what type of home to rent can be a ton of fun. There are plenty of things to consider like the amount of space you require, whether a balcony is a must and the ideal length of your commute time. From studios to townhomes to single-family homes, the possibilities can seem a bit endless so be sure to choose what’s best for you.
KNOW WHAT YOU CAN AFFORD
Take a thorough look at your finances. Factor in all bills and personal expenses and round up. This way you know what you can comfortably afford. A typical monthly payment can fall anywhere between $500 and $1,000 depending on where you live. You’ll also want to get clear about whether you’d like to have a roommate or live alone. Keep in mind, that a roommate may be more suitable for your budget.
FIND A REAL ESTATE AGENT
You may not consider using a real estate agent when renting, but it can be extremely beneficial. Realtors® bring a wealth of knowledge to the table, including regional expertise and price negotiation skills. Choose your realtor carefully to ensure a positive experience. You may be building a relationship with an agent to return to when you’re ready to purchase your first home. Read more about the benefits of using a RE/MAX agent when looking at homes for rent in NJ.
Everyone is familiar with the importance of location. When looking for a house to rent in New Jersey, be sure to consider surrounding areas. How close are restaurants and shopping areas? How early will you have to wake up in order to get the kids to school and yourself to work on time? Is your gym nearby? Decide what is most important to you and add it to your list of criteria.
PICK A RENTAL AND GET APPROVED
Once you’ve chosen your rental property, you must be approved as a tenant. Leasing offices and landlords will typically run background and credit checks as part of the approval process and contact you when everything is clear.
SIGN YOUR LEASE AND MOVE IN!
Once you’ve been approved for your rental, it’s time to sign! Most lease agreements last for at least one year. Be sure to read your lease agreement thoroughly before signing and don’t be shy about asking whatever questions you might have. Looking for a house that's rent to buy in NJ? That's something you should discuss with your landlord before you sign. Once your security deposit and first month’s rent are paid, move in, unpack and enjoy!