If you are currently renting a home, and your lease is almost up, you may be pondering this very dilemma – Staying or Leaving. The decision doesn’t have to be complicated.
Before making the big decision here are some helpful questions to ask yourself:
1. Is your landlord responsive and trustworthy?
Having a responsible and responsive Landlord is key to a smooth stay.
Does your landlord respond to emails, phone calls and texts in a timely manner? When you have important concerns regarding the property , do they schedule and call as soon as possible? These are questions you should ask yourself before renewing your lease. If the answer is no, then you should consider finding a new place to live.
2. Can I afford a better Rental?
if you can afford a nicer rental or one in a better location, you should consider making the move. If you’ve signed your lease years ago, then there’s a pretty good chance that your financial situation has improved over the years. So take a look at your finances & budget and reassess what you can reasonably afford before renewing your current lease.
3. Is the neighborhood safe?
Do you feel safe walking home at night? Has your current area experienced break-ins in recent times? How are crime rates in the area? These are all questions to consider when assessing the safety of your neighborhood. If you feel unsafe on a regular basis, then we strongly recommend considering a move to a space that feels safer and comfortable to you.
4. Is the rental rate within your budget?
say you recently received a raise or lost a job. Whatever your financial situation is, you should make sure that your current rental fits your current budget. If you notice that you’re having a hard time and scraping by every month, struggling and wishing you had extra money for activities like travel and food, then you should consider looking for a property thats cheaper and within your budget.
5. Can you afford to move out?
Moving will cost you a lot of big bucks . If you decide to break your lease, you’ll have to pay for moving expenses like boxes and supplies, transportation, labor assistance, and even a DIY move with a truck rental that could cost you a few hundred bucks, depending on the distance and length of time needed. Make sure you can afford these moving expenses before deciding to move out.
6. Is leaving worth the hassle of moving?
From supplies to planning, moving to a new rental can be expensive and time consuming. You’ll have to spend hours of your personal time looking for a new place to rent and possibly, new roommates as well. If you decide not to renew your lease, make sure the move is worth the hassle.
7. Does this rental still fit your needs?
Think about it: does this rental still fit your lifestyle, budget and work commute needs. While it may have been a perfect fit when you first signed the lease, it might not be conducive to your life now.
Not renewing your lease?
- Make sure you give your landlord proper notice. Review your lease for termination details. If you decide not to renew your lease, you may need to give your landlord at least 30 days notice so they can find a new tenant.
- Ask questions before signing a new lease.
- Raise concerns and clarifications before signing the new lease as well.
Moving out?
If you’re ready to leave your current rental, make sure to hire all the right people to help you move hassle free. To find a trustworthy company that can help you check out Our team’s reliable and convenient property management. By choosing Vikas Realty Group, you can rest assured that your move and rental concerns will be in good hands.
Vikas Realty Group 