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RENTING GUIDE
Budget
This is first and foremost the most important thing you will need to consider before anything else. Determining your budget will help you determine the type of rental property that best suits your needs, within your limitations, and should effectively stop you from falling in love with a property that you cannot afford.
Location
Location is probably the most important factor for you to consider if you are bringing a family along. If you have children, you will need to look into the matter of schools.
Since it is likely that you will not want your children to transfer to different schools when you move to a temporary home, you will need to consider if the location of the rental property poses an inconvenience to the amount of distance your children will have to travel to school and back each day. This is especially important if you are planning to stay in your temporary home for a significant period of time. Also, you have to consider the travelling distance and time to your workplace.
Size and Layout
Even if it is only temporary, you have to consider the size if the property you are renting. Can it fit all of your belongings? Is it of a size and layout that you are comfortable with?If there is a possibility of you staying in your temporary home for an indefinite period of time, you will need to think about whether this is a space that you can grow into. Similarly, if you have a family with you, then you will need to take into consideration how many rooms you and your family members will need.If there is not enough space for all of your belongings and you are determined to make this particular rental property your new temporary home, you will need to rent an additional storage unit. You will then have to calculate the cost of renting a storage unit and the duration that you will need the additional storage for.As an alternative, you may opt to sell the furniture that cannot fit into your new rental home. This does not necessarily apply only to space, however; sometimes, you might find that a bed that you're bringing into your new home cannot even fit through the front door. These potential inconveniences should also be taken into consideration when deciding on a rental property.
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Facilities
Another factor to consider is the kind of facilities available to you and your family. For example, if you are renting a condominium unit, you should look at the facilities which are available to you, such as access to the condominium's gymnasium, swimming pool and enclosed car park.If you are renting a HDB flat or a landed residential property, you will need to look at the proximity of grocery shops, markets, shopping malls and sports amenities. If these facilities are what you are looking for and they are conveniently available to you, then the property is worth considering.
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Transportation
Is the location served by a large number of bus and other public transportation services? This is one question you need to ask yourself if the rental property you are eyeing is not located near your workplace or your school. If you have to change buses two or three times just to get to your destination, then it probably isn't ideal.
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It is important to know what you want in order to find the right rental property, even if you are only renting a property temporarily while your current home is undergoing renovation works, or if you are in the midst of moving to a new home. While your real estate agent, if you have opted to hire one, will ensure that you are able to find a suitable place to reside in temporarily, it wouldn't hurt to make your own list of things you are looking for in a rental property - and to tick them off as you go.