When looking for a rental, you must consider numerous factors. With so much to consider, it’s easy to overlook basic necessities, resulting in disappointment after you’ve signed the lease. This is particularly the case if you’re renting for the first time.
Actually, it’s easy to get caught up in the thrill of moving to your own place and forget relevant factors that could affect your stay in the unit. Here’s a list of things you should do before you begin your apartment search.
1. Assess Your Financial Situation
It’s imperative you understand your financial situation before you start looking for a rental. The standard rule is that you shouldn’t spend more than 1/3 of your monthly revenue on housing. Keep in mind that you’ll need to cover utilities, security deposit, electricity among other costs besides the rent.
You’ll have initial start-up expenses for purchasing the items in your rental, from huge ticket items such as a couch and bed to smaller stuff that adds up fast, like cleaning supplies and towels. Therefore, you need to start saving to establish the amount you can spend.
On a similar note, prospective landlords will look up your credit score to ensure you’re somebody they can trust to make timely payments.
2. Location
Searching for a rental can get confusing fast if you aren’t certain about where you wish to live, especially if you’re relocating to a new city. Take your time to get clear on the priorities when looking for a place.
For instance, if you’re an outdoor enthusiast, you might prefer a place that’s close to trails, parks, or other outdoor activities. If your job requires considerable travel, you’ll want to ensure you can access public transportation and airports.
3. The Time of Year
The time of year that you seek an apartment could affect the rental payments. Numerous rentals might be available during summer, but the costs will be higher because numerous people search for rentals during this time.
If time isn’t an issue during your search, it’s best you hunt from October-December or February-March. Keep in mind that fewer people move during the cold season and when the holiday season is approaching.
4. Roommates
You must consider whether you wish to have roommates and how this will affect your budget. If you’re on a tight budget, a roommate could save you money and living with friends can be fun. Of course, it could also be frustrating and stressful.
If you have a prospective roommate in mind that’s beginning from scratch as well, collaborate to come up with a budget and decide where to live. This way, you’ll have a sense of ownership and an amicable start to the living arrangement.
5. Have Paperwork Ready
You’ll need to deal with considerable paperwork in the process of hunting for a rental. Therefore, it’s important you have the necessary paperwork beforehand such as your driver’s license or other forms of identification. You’ll need pay stubs, references, and car registration. Having these documents beforehand will save you headaches later.
6. Amenities
Nowadays, locating the ideal unit has to do with the available amenities onsite. Identify your non-negotiables before beginning your search. If you can’t do without a workout, you should find a place with a gym. Remember, it’s not just about recreation. Amenities comprise balconies, laundry facilities, and community rooms.
Final Thoughts
Before you start your apartment search, it’s important you consider these factors if you wish to succeed in renting and avoid possible regrets in the future.
For more information on what to do before searching for an apartment, contact us at Apartment Agents or leave a message.
