As the calendar flips to a new year, the prospect of a new home becomes an exciting possibility. Whether you’re a first-time renter, a seasoned investor, or someone yearning for a change of scenery, the real estate market offers a wealth of opportunities in the coming year.
If the idea of renting a new home is part of your vision for 2024, now is the time to embark on this exciting journey. “Embarking on the journey to a new home is not just a transaction; it’s an adventure. It’s about finding a space that resonates with your lifestyle and fulfills your aspirations,” says Oleg Shelepko, Lavish Property Management Rental Supervisor.
1. Make a list: define your home aspirations
“One of the fundamental steps in the home-renting process is creating a comprehensive list of your desires and needs. This list serves as your compass, guiding you toward a home that truly suits your lifestyle”, notes Oleg Shelepko. Consider what you currently lack in your living situation and imagine the features that would enhance your lifestyle. Whether it’s an open floor plan, a spacious backyard, or specific kitchen amenities, this list will serve as a compass guiding you toward your dream home.
2. Do your research: explore options and locations
Dive into the world of rental options, school districts, and available homes in locations that resonate with you. Spend time exploring these areas to narrow down your options, understanding the local dynamics and amenities. Keep in mind that your wants may need adjustment to fit your budget, as some properties showcased in websites and magazines can proveto be costly.
3. Set aside savings: financial preparedness is key
“In addition to the home’s rental price, consider moving costs, potential repairs, and ongoing maintenance. Having a financial cushion is essential for a stress-free transition”, Shelepko recommends.
First-time renters should be ready for new responsibilities that were previously covered by landlords or parents, such as utilities, landscaping, and maintenance. Allocate funds for upfront deposits required by utility companies, and create a separate budget for improvements not included with the new home.
4. Talk to a rental consultant: expert guidance matters
Engage with a rental consultant early in your process. Whether it’s through a phone call, online chat, or an in-person meeting, consultants can provide valuable insights into floor plans, pricing, square footage, and lot locations.
Consultants offer guidance in nailing down your rental preferences, making compromises, and finding solutions. Take the time for an initial meeting, including tours of communities and model homes, ensuring you have a comprehensive understanding of available rental options.
5. Make a decision: patience pays off
While the excitement of renting a home can be overwhelming, it’s essential not to rush the decision-making process. “Renting a new home is a significant decision that shouldn’t be rushed. Be patient with yourself during the research and decision-making process. When you find the right fit, you’ll know it’s time to make the move,” advises Shelepko. For those without immediate time constraints, patience can lead to a more satisfying decision when you find a home that aligns with your needs and budget.
As you embark on this exciting journey to home rental in 2024, consider the advantages of partnering with Lavish Property Management. With 15 years of experience, Lavish is more than a real estate agency—it’s your guide to a seamless and rewarding home-finding journey.
“Finding your dream home is not just about the property; it’s about the experience. Lavish Property Management is dedicated to making that experience exceptional,” concludes Oleg Shelepko, offering insights into the company’s approach.
Lavish offers an individualized approach, providing expertise in investment, design, property management, and leasing services. Make 2024 the year you turn your dream of finding a home into reality. Explore the possibilities with Lavish Property Management, where every home is a story waiting to be lived.