Things to Consider When Looking to Rent a Spot in London

London attracts people from different parts of the UK and the world with its buzzling atmosphere, job prospects, lifestyle and world-renowned education institutions. If you are also thinking of relocating to the English capital, remember to use the services of an experienced moving team in London, like Rabbit Man and Van, for instance. But before you get to that step, there is one more thing you will need to do – find a place to rent.

Finding a flat or a room to rent in London is not hard, since there are plenty of offers on the market. The difficult part is finding a spot that is affordable and suitable for your needs. Therefore, you will need to show some perseverance and follow a number of simple tips.

Decision-making time

If you do not have a clear idea of what you are going to look for, you will have a hard time choosing a flat. That is why it is incredibly important to take the time and ask yourself a few of questions. The first thing you will need to consider is how much money you will be able to spend on rent. Make sure you are very specific when setting your budget’s range or else you will end up getting a place that you cannot afford.

Once you have set your price limit, research different areas in London and the rents there. Amenities and property sizes also tend to vary from area to area. Don’t forget to look for a place that offers easy access to public transport and which is not too far away from your work, university or another spots to which you travel on a regular basis.

A good place to do your research is the internet and, more specifically, websites that focus on London property listing. Browse through them to familiarize yourself with average rent prices in each London district. In fact, you can even use them to learn more about the different areas in the UK capital. Nevertheless, do not assume that you will be able to find a property or a room to rent with a click of the mouse. It is always best if you contact an agency or a broker that operates in the area in which you are interested. Just look around the district and you should be able to find a great selection of agents. Discuss your needs with them and see what they can offer you. Keep in mind, however, that the services of such professionals will cost you money. So, if you are short of cash, you can ask your family and friends to help you out with your search. They may know someone who is giving a room or a flat that will meet your criteria.

Average rents in London’s most affordable areas to live in

Area                                                                    Average monthly rent

Eltham, SE9 £519
Manor Park, E12 £535
Chingford, E4 £544
Sydenham, SE26 £545
Catford, SE6 £550

 

Average rents in London’s most expensive areas to live in

  Area                                                                                     Average monthly

St. Paul’s, EC4 £1,153
South Kensington/Knightsbridge, SW7 £1,131
Chelsea, SW3 £1,055
Holland Park, W8 £1,049
Strand/Holborn, WC2 £1,034

Money, money, money

If you are new to London renting practices, you might assume that property prices in the Big Smoke are more affordable that you had expected them to be. Prepare for a huge surprise – the rental prices that you will see listed cover only the rental costs for a week. In fact, if you ask someone about the rent that they pay, chances are they will tell you their weekly and not their monthly expenses. That is simply how things are in London. So, do your math before you rush into signing any papers.

Another thing you should keep in mind when calculating your budget are all the additional costs that you may be asked to cover before you move into your new home. From real estate agency fees and utilities expenses to a rental deposit – there are many initial charges that may throw your finances off balance.

To cope with the pricy costs and high rents, you must be prepared to make compromises. For instance, get a flatmate or rent a room instead of a whole apartment. These two options have their advantages. For one, they will help you make new friends, which is incredibly important if you are coming from some place outside of London. However, arrange to meet with the people with which you are going to share the flat. See whether you will get along and then make your final choice. And to further reduce your rent, eye districts that are farther away from the central part of the English capital. Still, see whether they are well-connected to Greater London or not.

The battle for renting

Since average property prices in London are expensive, more and more people choose to rent instead of investing in a home of their own. As a matter of fact it is predicted that by 2025, 60% of the capital’s population will be made up of renters. Therefore, in order to stand out from the competition, you will need to make a good first impression to the landlords.

  • Look presentable and dress well as if you are going to a job interview
  • Show up on time for both the interview with the landlord and the inspection
  • Be confident and polite, but without overegging the pudding
  • Have your rental resume ready in advance, even if you are not required to bring one*
  • Don’t try to hide important information, especially if you have a pet or if you have had some issues with your former landlords

*Things that are normally included in a rental resume are your contact information, as well as your employment, credit and rental history. The resume should also include references (yes, more than just one) written by some of your previous landlords. Adding a reference from your boss is also a great idea.

These are all the basic facts you will need when searching for a spot to rent in the UK capital. Once you find the right place for you, your movers will help you move into your new home.