While homeownership comes with many perks, it's not always the most practical option. The average price for a home in Colorado is just under $581,000. This has led many people to prioritize for rent by owner properties in places like Denver.
Finding Denver housing can seem difficult at first. The good news is the best rentals are easier to discover than most people anticipate.
We've created a guide to help you get started on your search for private owner rentals in Denver. Let's explore the key information you should know.
1. Determine Your Needs
Before moving forward, establish what you want to see in the home you rent. This could involve a variety of attributes, such as location, floor plan, and HOA amenities if you want to live in an HOA community.
There's nothing wrong with having specific goals in mind. The last thing you want is to rent a property you won't be happy living in.
2. Contact Various Owners
It's essential to get in touch with numerous owners to make the best decision. Each landlord will have different requirements, and you might not resonate with some of the people you encounter.
For example, an owner could be lenient regarding proof of income and previous rental history. However, they might have a strict policy that prohibits pets of any kind from being on the property.
It's best to avoid owners who impose unnecessarily strict regulations. With enough due diligence, you'll find it the best choice for your needs.
3. Check Online Listings
It can be exhausting to drive around different neighborhoods searching for available properties. Online listings can streamline this process and quickly connect you with an owner. Many platforms also have search tools that help you narrow down your options.
These often allow you to filter searches based on price, features, number of bedrooms, and even floor number. Not all platforms are created equal, though.
Do your research to find a reputable one and ensure you don't waste your time. Browsing through online reviews is a great way to gain insight into what you can expect.
4. Take a Tour
Properties aren't always in the same condition they're advertised. Some people make the mistake of signing agreements before they've ever set foot in the home. Always take a tour if you're considering a particular property.
This gives you a chance to identify areas of concern. If you find outstanding issues, the owner should be more than happy to resolve them. Never work with someone who downplays serious problems.
For instance, you might notice a large wet spot on the kitchen ceiling. This is likely indicative of a leak. If the owner doesn't seem interested in making repairs, this is a red flag you can't ignore.
Find the Perfect for Rent by Owner Home
With enough research, you'll have no trouble finding a for rent by owner property. From here, you can substantially improve your quality of life and enjoy everything Denver has to offer.
PMI Denver West is a full-service real estate asset management company that strives to exceed the expectations of each of our clients. We work with both residential and commercial property owners and we prioritize transparency throughout the process.
Reach out to us today to learn more about how we can connect you with the ideal homes for rent.
