Whether you are renting or buying a home, the main thing to consider is the cost of the mortgage or rent to ensure you can afford the place you will be living in. When it comes to renting there are questions you should ask yourself to ensure you are able to find a rental property that will work for you. The good thing about renting is that it gives you the freedom to move from year to year, however if you are tired of moving, consider the below when looking for a rental property.
What do your future family and career look like? Answering this question will help you find that long term rental property you are looking for. In assessing how much house you may want and need vs. how much might be too much, renters must consider any of the following life changes that might happen in the time they expect to be in the current rental property:
- Marriage or dating
- Having kids or adopting
- Buying a pet, and type of pet
- Whether and when you might need to move for work
Asking yourself these questions will help you find the rental property that you can live in for years down the line. Moving is not something that most people want to do every year, so finding a rental property that will fit your future needs starts will figuring out your future for the next few years.