Real Estate Trends and You
Moving into a new house or apartment brings about a feeling of accomplishment, especially if it has everything you've ever wanted in a living space. Nevertheless, we understand all you want is to settle into your new home and start living your dream life.
But here's one mistake you should never make, no matter how quickly you want to move in – signing your lease agreement without reading it. I know this may come as a surprise to many; however, this can make your life at your new home a living hell if you aren't careful. Let's dive into the topic to understand why reading the lease agreement is of utmost importance.
Know the House Rules
Don’t assume every lease contract is the same as the last one. Going through your lease agreement allows you to know the rules the landlord expects you to follow. Think of it as a manual that teaches you how to behave while living in your new place; the last thing you want is to be the tenant constantly bumping heads with others, including your neighbors. Not following the agreement can cost you additional money that you haven't budgeted for. As you create your new monthly budget, you really don't want to additional fees to impact you over the next 12 months.
Typically, most of the rules set by landlords revolve around keeping pets, having guests, throwing parties, and sharing the available outdoor parking space. Most property owners also specify if you're allowed to make renovations in the lease agreement. Know the facts before you paint an accent wall.
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Diana Alexander, a member of the Houston Association of REALTORS®, Certified Real Estate Negotiation Expert, and Property Manager provides real estate services and trending real estate awareness.