Renting and moving into your first apartment is usually a big step for most people. In addition to being independent and financially responsible, you will also need to know how to find a nice apartment, and convince the owner to rent it to you. An essential checklist for fort-time renters to finding a great place to live in:
Know How Much You Can Afford
Depending on the city, location, and size, renting an apartment can be expensive. Even if you can afford the monthly rental, there are quite a few other expenses you should be prepared to incur. These include a security deposit to cover damages, the first month’s rent to seal the deal, monthly expenses on utilities and internet, parking spot fees, finishing, and other recurring monthly expenses. Take stock of your income and current expenses to figure out how much you can afford as rent and how you will stump up the cash for the one-time costs.
Find Out the Criteria for Renting the Apartment
Different property owners and property management companies have different requirements for renting apartments. However, you will generally need to abide by some requirements, like proof of income, a decent credit score, and a co-signer, together with an application fee, the first month’s rental, and a security deposit. According to Investopedia, you must tour the property personally before agreeing on a rental.
Factor in the Cost of Commuting and Parking
While you can choose to live in an upscale locality in the suburbs, you will need to deal with a longer and costlier commute. Living near your workplace or college can save you a lot of money you can use to rent a better apartment. Some apartment complexes may allow parking for a monthly fee, while others have a specific parking lot allotted for every unit. In other cases, you may need to depend on street parking on a first-come, first-served basis. H & R Property Management Limited recommends asking the property owner about parking before committing yourself. Follow the map
Start the Hunt in Winter
The spring and summer see more people looking around for new apartments, which can push up the rentals. It is better to start looking around in winter because most people don’t want to move in the cold. You may find a better apartment at a lower rental when the demand is low. If you do not need to move urgently, you should give yourself time to find an apartment you like. Renting in a rush may leave you without sufficient options, and you may have to pay a high rent or settle for a sub-optimal apartment.
Finding an ideal apartment is not the easiest of jobs so you need to be ready to put in some legwork touring apartments. Your interaction is also a good opportunity for you to seek details on the duration of the rental term, access to laundry facilities, sharing the apartment, overnight guest policy, who to call for repairs and maintenance issues, trash disposal, pest control, and more. Once you are satisfied you have found a suitable apartment, you should sign the agreement and start getting ready to move in.