This video discusses the best way to choose a home to rent. Rent is one of the largest, probably the largest, piece of your budget. When you are working towards eliminating your debt, every dollar counts.
The viewer is provided with three tips when looking for homes to rent. You want to consider the safety of the neighborhood and the commute you have to work, shopping, and all the places you will visit regularly.
The number one tip is to figure out what are your needs and how do they differ from your wants. For example, you may want a large house with four bedrooms, but you may not be able to afford that.
The number two tip is to evaluate your budget to determine how much you can comfortably afford to pay each month in rent. You should only pay 25 to 35 % of your take-home pay on your rent.
Number three tip when looking for homes to rent is to look for local landlords. You will get the most out of a property if you are dealing with a local landlord.