Archive for the 'Leasing Renting' Category
Background on Milton Keynes
Milton Keynes is one of the foremost up and coming places to live in the UK, with excellent road and rail links not only to London, but to other major cities in the UK including Manchester and Birmingham. Milton Keynes has so much to offer and attracts people from a multitude of different backgrounds which in turn brings a broad cultural and exciting environment to live, work and play. Situated in the middle of the UK you are never far away from the countryside whilst you can also experience all that city life has to offer.
Milton Keynes can boast excellent employment opportunities, living environments and recreational facilities in one of the UKs fastest growing areas. If you want to know more about what Milton Keynes has to offer then a good starting point is MKweb.
Useful Links
MKweb website with Information on Milton Keynes and surrounding area.
Multimap - Where is Milton Keynes?
Renting in Milton Keynes
There is a wide range of property available within Milton Keynes, everything from 1 bedroom maisonettes and bungalows, town houses suitable for growing families to large detached properties. All these range in price ensuring that no matter how much income there is available you should find a home in Milton Keynes.
The first thing to do before starting your rental search is to know how much you can afford to pay each month/week. Once your budget is decided then you can begin your research. The first and most obvious place is the internet. It is essential that you know what you can get for your money per month or per week before contacting the letting agents.
A good idea is to get a broad view of what property you can get for your budget, the best way is to check the online property portals. These offer properties that are available from a number of letting agents and give a vast selection so you will be able to get a general idea of costs from a number of letting agents in one place (saving time on trawling through 10s of websites). All of them offer either:-
Multiple Emailing Service
Email service to all agents advertised on the site, sending details of your requirements. The agent then contacts you with property details that may apply.
and/or
Property Specific Email Service
Email service to send directly to the letting agent your interest in a specific property advertised.
and/or
Website Click Throughs
Click through to advertised letting agents own websites.
A good example of a portal is Rentright Residential Property Letting Portal - Milton Keynes Page from here you can either email agents directly about your general requirements or you can refine your search and send email about specific property advertised on the site.
Rentright is only one of many property portals, if you do not find what you require from one then you may find it on another.
What to do next?
Make a note of the areas that you have found interesting property and then you can begin on the second phase of planning. This is the “area” research. People will always have different requirements of what they want, for example some people want quick access to the Motorway, or need to be on a bus route to the City Centre or maybe the local schools are important and the catchments areas. To find information like this then I would recommend a website such as Upmystreet, from here you can find a whole host of information to aid you in your decision of whether you would like to live in that area and it meets your requirements.
Shortlist
Once you have researched the areas and feel confident of the suitability then, if you have already found a property/properties of interest on the internet contact the letting agent and arrange a viewing. If not then you may consider visiting the agents websites directly and registering your details or making a trip to the town to visit the agents personally. Remember that it is also best to visit a property at different times of the day in order to get the overall picture of the area.
Top Tips
Chris Courtis is the co-founder of Rentright Property Letting Portal where you can find information and property for rent. Rentright is an advertising portal for local letting agents covering the UK.
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Once you have decided to live in a rented or leased home you must choose the place with care. Whether brand new or used you need to ensure that you do not sign a contract on a place that will become living hell with peeling walls, dripping faucets, or odors.
Advanced property management companies provide a ready to use check list which you can use during your walkthrough. This will ensure that you are not responsible for any pre-existing problems or faults. Most home owners or managers will do a move-out walkthrough to ensure that the leased or rented home is left by you in good condition. If any major damages are noted then you will have to pay for setting right the problem.
When you examine an apartment or house be vigilant and look for:
• Leakages. Try and see if there are any wet walls, peeling walls, or cracks. Even if there is a fresh coat of paint you will be able to feel damp on walls by placing your hands on different parts of the walls. Look for stains in the paint these are sure indications of water damage.
• Check that all appliances are in working order. Check utilities like gas, electricity, and water. Make sure there are no leaking faucets, clogged drains, or malfunctioning sinks or toilets.
• The front door and all other doors must be solid and not hollow, shut well, and have secured latching systems. Read through safety recommendations given by police departments and keep the recommendations in mind while checking doors, windows, and so on.
• Look for pests and mold infestations. Check wooden doors and cupboards for smells and fungi.
• Check whether the rental place has sufficient storage space and shelves for your books, clothes, and nick-knacks. Make note of existing furniture so that you can then decide what to bring with you and what to store.
Note down how many rooms the place has, whether there is a basement for laundry and any common areas like a patio or terrace. Find out whether tenants are permitted to store things in the basement area. Ask about secure parking, whether plants and pets are welcome, and security arrangements.
Important things are: the condition of the neighborhood, the crime rate, who stays next door, what the tenancy rules are, transportation and proximity to schools, colleges, hospitals, and parks.
Ask old tenants, colleagues, as well as neighbors about the apartment. Casually chat with locals, shop owners, and restaurant owners or waitresses about living in the area. Be smart and look for clues in their answers. For extra safety, check with the police about how safe the neighborhood is. These days one cannot be too careful and crime rates are on the rise.
As a renter you need to weigh the pros and cons carefully and ensure that the apartment or house really meets all your requirements.
Andrew Bermam is a freelance writer for http://www.1888MovingCompanies.com , the premier website to find help on Moving including topics on moving companies search, compare movers, moving insurance, auto transport, moving tips and more. He also freelances for Airline Tickets Site http://www.1888Airlinetickets.com
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It is the goal of all Americans to own their own home.
Unfortunately, along the way, some of us get sidetracked. It is a tough world out there especially as it relates to credit and home buying. And frankly, many Americans get their dreams derailed, many times through no fault of their own or through circumstances that were beyond their control.
When a person ends up in credit trouble, or when things like job loss, medical conditions, divorce or bankruptcy become a part of a persons reality, hope for home ownership gets bleak and many people give up on their dreams and settle for a lifetime of renting.
This is where Lease Options (when done properly) can be a perfect solution to the challenges at hand.
If you are still renting, this list might describe some or all of your current circumstance?
• You probably don’t have much money saved for a down-payment
• You have too many credit cards or credit accounts open
• You have delinquent accounts and collection agents or attorneys asking you for payments
• You may have past legal problems such as judgments, divorce, bankruptcy, or foreclosure
• You have been told to wait for a year or more before being able to buy a home
• You probably feel frustrated as you try to find the perfect answer to your home buying needs.
• You have already been turned down by a lender (or couldn’t get one to take you seriously if you tried)
• And you are most likely, TIRED OF RENTING and TIRED OF BEING REJECTED. Probably the most damaging effects that poor credit will have on a person is that you feel like you’ve run out of options.
The truth of the matter is that if you want your own home and you have poor credit, you only have two real options. You must either:
1. Wait for your credit to get better or your circumstance to change and then at some point in the distant future you can go out and find a home to own. This could be anywhere from a 1-5 years depending on how bad off your credit actually is. This is the “wait and keep renting” method. (I usually don’t recommend this)
OR
2. You must find an investor/owner who is willing to overlook your problems and give you a chance to prove yourself through some means of “owner financing.” The safest and best way to do this is with a Lease-Option through a trusted and proven investor/owner who has a win-win scenario for making this happen. (This option is highly recommended – if you do it properly)
Let’s Explore a few specific reasons why a Lease-option is such a good idea.
If you enter into a lease-option with an owner/investor, you will get to live in the home “as though” you already owned it. This means that you instantly get to start enjoying the lifestyle benefits of ownership.
What literally happens is you will agree on price and terms of your purchase of the home immediately. Then, since you can’t get your own home loan quite yet, the owner will agree to rent/lease the home to you for a period of time (6 months-2 years) and As Soon As you can get a home loan within that time frame, you will “exercise” your option or your purchase agreement and cash out the owner/investor.
So basically, you get to move into and virtually “buy” a home, even before you can get your own loan because of the flexibility of the owner.
Some benefits are:
• No landlord dictating to you what color you may or may not paint your home or living room wall.
• No waiting on a landlord to keep your house in working order. You take care of the home as though you owned it already.
• You can make maintenance and home improvements to your house or yard helping you to enjoy the home as your own.
• Much of the market appreciation and equity growth on the home can actually become your equity when you buy the home from the investor.
• You can do these lease-options with ZERO credit. Or even with BAD credit. AND - Perhaps one of the BIGGEST benefits…
• Lock in ‘tomorrow’s purchase price’ today.
And this is huge because as you know, real estate appreciates over time! Your home will be worth more next year than it is worth today, and when you can lock in a specific price today, and pay that price tomorrow… YOU can come out a big winner.
Just remember, when you get into a lease-option, to spend as little as possible in down payment money and do what ever it takes to get your credit turned around as fast as you can, which is what you should want anyways.
Most importantly, don’t look past the ultimate goal. Buying a home through a lease option is your “tool” to get into the home of your choice, even before your credit or down payment challenges would have otherwise allowed you to.
Stop settling for a standard rental and go find the home of your dreams.
Dan Ostler is the owner of http://www.LeaseOptionHomeBuying.com. Dan is an author, speaker, business owner, investor, and one of the nations leading Lease Option Consultants. He has been offering housing solutions and consulting advice to families with credit issues in all parts of the country for the past 8 years, and welcomes all visitors to his website for tons of **FREE** Information.
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