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Evergreen Colorado Rentals

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Many families, at different times in their lives, find that renting is there best or only option. Renting a home or an apartment can be a good option depending on Your circumstances. As Dorothy reminds us, “there is no place like home,” even if You don’t own it. Start Your search early by networking and telling everyone You know that You are looking; call landlords and leasing agents and see if they know of anything thing coming up soon.

Conventional wisdom dictates that Your rent should be no more than 25% of Your total income before taxes. However, don’t forget to factor in other controllable expenses that can either make or break Your budget. Your final decision to rent will be greatly effected by;

1. The cost of utilities - look for natural gas and a well insulated unit and try very hard to avoid electric heat.
2. Look for public transportation to and from work and/or school; or commuting miles and how much time spend in rush hour traffic. Remember You can use a lot of gas just crawling through traffic.
3. Consider proximity to shopping, airport, schools and recreation.
4. Analyze with an eye towards the future i.e. if You want to buy in the area You might want to locate in the same school district that the kids will be attending after You buy a future home.
5. Make sure the neighborhood is safe especially if You travel a lot and are often not home. Perhaps You might consider a condo, townhouse or duplex where someone is always around to watch Your place.
6. Does the home have a garage for the car or for storage of furniture or personal items?
7. Know Your needs; what square footage, how many baths, closet space, bedrooms, dinning room and parking or garage spaces.
8. Check the policy for pets, pet rent and pet security deposit.

In addition to the above items You will also need to factor in the following:

1. There are many homes that can be lease/purchased if that works into Your plan. You should expect to receive 20% of Your rent payment to go towards the down payment but many owners will want a down payment of about 5-10%, but nothing is written in stone so hire us to negotiate the best deal for You.
2. Be prepared to submit letters of recommendation or contact information from past landlords; pet referrals concerning the pet’s disposition and Your care of the pet from past landlords; fill out a rental and credit application; and be ready to document Your income and cash deposits.
3. Pets are very destructive so again many landlords want pet rent and pet deposits.
4. You must be prepared to pay a security deposit any where from one to two times the price of the monthly rent depending on the condition of the property along with any pet deposit.
5. Most landlords will require the first month’s rent and the security deposit, which cannot be used for last month’s rent.
6. Keep in mind You get what You pay for and the nicer, well maintained homes will rent for more money.
7. Read the lease so You are legally protected and know Your responsibilities; for example many leases require You to maintain the property, cut the grass, shovel the snow and make any minor repairs at your expense.
8. The landlord insures only the building; if You want to be protected against fire or theft You will need to purchase Renter’s Insurance.

Finally, be discerning and walk through the rental with Your eyes open and see if it has been cared for. Write down any damaged or worn items and have the landlord sign it before You move in; perhaps take pictures to protect Your security deposit for damage You did not cause. You can avoid rent increases by signing a longer term lease if You are planning to stay longer than one year.

Above all, be decisive and don’t keep shopping and lose the best property because You think there is something better coming along tomorrow.

We at Mark English often have nice rental properties available and we always have our finger on the market-call or email us today.

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