Common problems faced by tenants

Owning a house is a goal for almost every working citizen. Living without the restrictions set by your landlord and the freedom to live the way you want is very appealing. However, achieving this goal can take time or might not be suitable for you right now. Meanwhile, you can rent accommodation and become a tenant. A tenant may experience several problems. We have summarised a few of the most common issues faced by tenants:

Finding the right home

There are several things that you need to consider whilst looking for the right rental accommodation. Firstly, location plays a massive part and making sure its commutable to your workplace is key. Equally important is finding a home located near to local amenities such as supermarkets, schools, hospitals, and shopping centres. You will tend to find that properties that tick all of these boxes are generally more expensive and in much higher demand.

High Rents

The inevitable burden for a tenant is the monthly rent they have to pay, which usually takes a large chunk of the tenant’s salary. Especially in this day and age where the rental rates have gone through the roof and continue to do so year on year. A home with similar sizes, but in different areas of the city can have a huge difference in rental value. To combat high rental prices, tenants try to live in houses with multiple occupants (HMO). These houses allow the tenant to share the property with other people generally making the rent cheaper for all occupants.  HMOs are becoming increasingly popular, especially with students and single adults.  

Conclusion

Tenants are regularly faced with problems when renting out a room or a house. When you know what you are looking for your search will be more structured and therefore more effective. It’s useful to already have a budget, area, and property size in mind before you search. Also, finding a helpful landlord goes a long way and can make all the difference. Here, at M Estates London, we have a fast growing portfolio of properties to accommodate tenants with desired properties to suit individual needs.