Around 37% of American renters live in apartments as theyβre affordable and often conveniently located.
Renting a property for the first time feels overwhelming when youβre unfamiliar with the process, figuring out bills, and considering the amenities. Perhaps youβre a first-time apartment renter and youβre looking for advice to guide you through the process.
Sounds familiar? Donβt worry, youβve come to the right place. Here are five tips to help you.
1. Stick to Your Budget
When moving to your first apartment, itβs important to consider your budget. Make sure the property costs less than 30% of your salary so youβre not struggling financially. Anything lower is a bonus!
And even if itβs affordable, never stop budgeting in case thereβs an emergency like a broken boiler.
2. Ask the Right Questions
To avoid some rookie mistakes, ask the real estate agent or landlord the right questions. For instance, find out the utility bills youβre expected to pay, if there are penalties for late rent, and how to request maintenance.
Apartment living can be problematic if there is no parking so ask about this from any worldwide apartment rentals agency especially if youβre in an urban area. Find out how full the parking lot gets over weekends, whether you have an assigned spot, and if the area has parking rules for guests because you donβt want to upset the neighbors.
3. Prepare Your Paperwork
Before moving into an apartment, youβll be asked to supply various paperwork. The real estate agentΒ will ask for a photo ID, pay stubs, and bank statements to prove your identity and that youβre financially stable.
If you don’t earn enough, you’ll need a co-signer. This is someone you trust who agrees to pay the rent if you canβt afford to make the payment.
4. Consider the Amenities
The beauty of the apartment living lifestyle is the amenities. Ask about laundry services, whether the elevators are in working order, and if you can access a swimming pool or gym.
Itβs important to have a list of must-have amenities before your search so you find the perfect apartment.
5. Choose the PerfectΒ Location
One of the top apartment tips is finding the ultimate location.
Your location is as important as the apartmentβs layout so consider this during your search. Youβll want somewhere near a grocery store, pharmacy, and great eateries.
Walkable options are useful but if youβre in a city, find somewhere close to public transportation. Itβs wise to check out the area before signing the lease so you know what the neighborhood offers and whether it aligns with your lifestyle.
Those Are Our First-Time Apartment Renter TipsΒ
Hopefully, after reading our first-time apartment renter tips, youβre now prepared.
Find a property that fits with your budget, has your must-have amenities, and is in a great location. Make sure you prepare your paperwork and finances beforehand for a smooth transition. Good luck!
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