Renting Advice

Here is a random list of advice for one of my friends who is looking for a house.

  • If you can find yourself a house that includes white goods, you will save yourself a lot of bother moving them. In Hobart you won’t find a house without a stove, and the majority will have a fridge and washing machine. You may get a dryer or dishwasher if you’re lucky. Somebody else also takes care of repairs and collects the depreciation on the assets, which is nice too.
  • If you’re a couple, and you can afford a two-bedroom place (even if the second bedroom is tiny), go for it. Having places where you can be separate from each other (one of you in the spare room, one of you in the living room) will preserve your sanity.
  • Make sure you get a place that gets some sunlight in winter. It will vastly reduce your heating bill, and keep you sane if you’re at home during the day. Hobart-specific advice: be careful with being on the southern side of the hills in South Hobart and Lenah Valley.
  • Places with built-in heating will save you money. A reverse-cycle air conditioner (heat pump) runs at a lower price per joule of electricity than a plug-in electric heater, and is more efficient to boot. You’re unlikely to get gas heating or a wood fire (which is expensive but very very pleasant) unless you’re looking at more expensive places.
  • Be realistic about your travel and commute. Carefully consider whether you will save money by living within walking distance of work (expensive house, cheap transportation) or by living further out (cheap house, expensive transportation). Keep in mind it’s hard to change habits – if you already drive everywhere, you’ll keep on driving everywhere unless you make conscious changes.
  • Make a list of things you absolutely won’t put up with before going to look at places, and dismiss them immediately if they don’t meet with your requirements. It’s better to miss out on a place than to be stuck somewhere you can’t stand.
  • You will also have a list of nice-to-haves (for me: fan-forced oven, view of the river). These are not the same as your deal-breakers.
  • Also set a hard limit (or hard limits) on the amount you can afford before you start looking. When I last moved, I set a limit of $125/week for a room with a car or bus commute to the city, a limit of $150/week for a room with a cycle or walk commute to the city, and $200/week if I could rent two bedrooms, one to use as an office (and thus no need to commute). Bonus points if you create a full budget beforehand and can be confident in your numbers.
  • Real estate rental agents will almost always be ‘meh’ to deal with. They will (generally) be unresponsive and unhelpful. Private landlords will either be great, or even worse.
  • In Tasmania, make sure you check out the Consumer Affairs’ site on renting.

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