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How To Choose a Rental House if You Are a Student?

How To Choose a Rental House if You Are a Student?

Are you searching for a perfect rental property but don’t know how to choose the right location? Searching for a house that is close to the university or school can be overwhelming if you don’t know how to find it effectively. This article will help you understand how to choose a rented house and what things you can ask the landlords before finalizing the ideal rental house for yourself.

Types of rental properties

Rental properties include apartments, semi-detached, detached houses, basements, etc. Canada has a vast array of rental properties that can fit your needs. It’s all about getting the best option at optimal rates. Read ahead to avoid common mistakes they do while choosing an idle rental home. Take a look at the list to find your best fit.

01Apartments

Apartments are self-contained housing units and are a good choice for students for numerous reasons. Apartments are separate units with less noise that can help students concentrate while they are studying. Furthermore, apartments have less rental cost compared to homes and villas. The availability of apartments near institutional areas is good with better transportation facilities making them the best choice for students.

02Lodging homes

Rental properties include apartments, semi-detached, detached houses, basements, etc. Canada has a vast array of rental properties that can fit your needs. It’s all about getting the best option at optimal rates. Read ahead to avoid common mistakes they do while choosing an idle rental home. Take a look at the list to find your best fit.

03Detached and semi-detached houses

Houses such as detached, semi-detached, townhouses, and apartments can be good options as rental houses if you are moving with family. These types of rental houses provide some extra features like outer space like lawn, parking, and garden. This option is convenient because students can choose from a wide range of houses depending on their budgets and needs.

04Basement apartments

The basement is usually located underneath a house where the owner’s family is already living and willing to rent the space. Basement apartments have a different entrance that gives students some freedom. In addition, students living in the basement can get help in case of emergencies from the family living in the house. This gives a sense of family bonding to the students. Compared to most apartments, basement apartments offer more room and the benefit of access to various outdoor areas, such as patios, lawns, gardens, and parking.

What are the factors to consider before finalizing any rental property?

rental-property
Affordability

The affordability can be determined when you calculate all the monthly expenses you have to meet minus the total amount you have in hand. Monthly expenses can be (such as transportation cost, cable, telephone service, Internet connection, parking, stationeries, etc.). Students should be extra careful while managing their money.

Location and surrounding

As a student, you want to live near your university so that you can easily access, the library, transportation, etc. How accessible is parking if you have a car or how far is the supermarket you should ask these questions while choosing a rental home. The farther the distance is the more time you will take to reach there. Being as a student time is a decisive thing.

Availability

There are several times of the year when it is more difficult to find rental units. Can you hold out on moving for a few months to give yourself more options? One should plan accordingly in advance if he/she is willing to relocate to some new place.

Security

Countries like Canada have a low-level crime rate, making it an ideal place for students to live. Getting an idea about community safety and security in the neighbourhood will assist you in taking better decisions while choosing rental properties.

Size

The size of temporary housing can range from tiny studio apartments to large houses with yards. Whether you are moving alone, with friends, or with your family will probably influence the size you choose. You may rapidly refine your search results by location once you’ve determined just how much square footage you desire.

Important questions students can ask the landlords

  • listIs the space equipped with some appliances?
  • listIs the area furnished or unfurnished?
  • listDoes the kitchen have cookware and dishes?
  • listIs there an on-site property manager or do you offer online property management?
  • listDo you provide any particular packages for students?
  • listDo you include insurance?
  • listDo you offer special rates for extended stays? (For example, a two-month stay versus a three-month stay)

How to locate your first rental in canada?

locate-your-first-rental
Research

Choose whether to use a realtor or conduct a  self-search as your first step in seeking a rental property. One can search on their own through The Canadian Home for the best rental houses, and luxury houses available at affordable prices.

Hire a realtor

Hiring a realtor can solve many problems like paperwork, rent negotiations, location guidance, professional approach, etc. Realtors may handle the entire rental procedure from beginning to end and offer advice on all necessary documents.
There is less chance of being cheated when you access real and MLS listings.
Agents have a plethora of expertise and experience gained through working in the industry.
Getting the help of realtors will save time and money.

Rights and obligations as a tenant in canada

Regarding how to pay rent, each Canadian province has its laws and regulations. For instance, there is no security deposit required in Ontario, only the first and last month’s rent, before you move in.  

In most provinces, leases are signed for a year, and unless a new lease is signed, tenants are deemed to be month-to-month by default. This means that you typically don’t need to sign a new lease for the next year.

Final thoughts

If you can find the perfect place, living alone can be a wonderful experience. Now that you have the resource to unlock the mysteries of the perfect rental house you can start the search and analyze them. There are several options available in the marketplaces that suit your needs as a student once you have determined your monthly budget and made up your mind.

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The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.