5 Things to Consider Before Moving to a Rental Property

With the average costs of home ownership rising every year, rental properties have become popular options for families looking for an affordable place to live. Single-family rental properties offer many of the same benefits as owning a traditional house, but their simple monthly payments and community-oriented layout makes them compelling to live in for young families. Moving to a rental property is a big decision, and it’s important to consider a few things before you make your decision. Here are 5 things to consider before selecting a rental property to live in.

Do You Want to Rent or Buy?

If you have already decided that you want to move, you should start considering whether you want to rent or buy your next home. Owning a home is a bucket list item for thousands of families in Houston, but renting a home is an attainable goal that has several unique benefits. Rental properties like HomeSite Residential have a low barrier to entry compared to buying a home, and rental properties often include complimentary maintenance and other services to help lower their residents’ monthly expenses. 

Evaluate Your Budget

If you decided to search for a rental property in the previous step, then it’s time to start thinking about your budget. Just like traditional houses, rental properties have varying costs of ownership, and these rates are often dependent on the property’s location, square footage, and available amenities. One thing that you may notice during your research is that many single-family rental properties have similar monthly rent payments as most luxury apartments. Finding a home that fits your budget is as simple as checking out your local single-family home listings. 

Consider How Much Space You Need

Ensuring that you have adequate space for your lifestyle is important when considering your next home. If you have a growing family and are in dire need of some more room, a single-family rental property would most likely suit your lifestyle best. Or if you’re living alone, a townhome would grant you a spacious living experience without the hassle that comes with owning a full-size house. Most rental homes are built to be similar in size and appearance to each other, but they also feature different floor plans for you to choose from.

Check Proximity to School and/or Work

When moving to a new city, it’s important to consider how long your commute will be from your future home. In fact, that’s one of the most overlooked benefits that come with moving; you can choose a new home based on how far away it is from your workplace. If you have younger children, then you should consider moving to a neighborhood that has reputable schools and daycare centers nearby. The city of Houston has risen in popularity recently among young families because of its excellent schools, close-knit communities, and cultural diversity, making it a great place to live.

Decide Which Community Amenities You Want

Now that we have reviewed the necessities of choosing a rental property to move to, let’s go over some of the extra benefits that life in a rental property can offer. Since rental properties are owned and operated by a residential company, many of the hassles of home ownership are covered for you. Desirable rental home amenities such as landscaping, facility maintenance, smart home technology, and more are often included in your monthly rent charges. Every rental property has different amenities, so if there are certain services that you want to have at your next home, do your research to find a community that offers them. 

HomeSite Residential Has The Perfect Houston Rental Property For You!

If you’re moving to the greater Houston area and are looking for a rental property to live life in, HomeSite Residential is here to help! We currently have three single-family living communities located in and around Houston, and we strive to make your moving experience seamless from leasing to move-in day. Our communities offer a variety of floorplans to fit your lifestyle, whether you’re on your own or bringing the whole family. Contact us today to learn more about resident life in our communities!