If you are looking for an apartment, especially your first apartment, it is easy to get overwhelmed by the selection process. Determining what amenities you really need and the cost versus benefit of apartments for rent can be a difficult task. Here are some tips to get you started.
Develop a Budget
It's not uncommon to get excited about an apartment that has all of the features you've dreamed about, only to find it is way out of your price range. Before beginning your search, set a firm budget so that you only consider apartments for rent that you can really afford.
This may not be a clear cut processes when it comes to rentals. Some apartments may include things like utility costs in the price as part of your rental fees, while others may not. This is why it is so important for your budget to be comprehensive, and for you to know exactly how much you can afford to pay each month, before even beginning your search. A budget should also include expenses like groceries, gas and entertainment, so that you do not come up short after your bills are paid.
Determine Your "Must-Haves"
When searching apartments for rent, decide what amenities top your "must-have" list and which ones you can let go. Many renters are looking for things like a dishwasher, washer and dryer units or available parking. Some apartments offer special features, like fitness centers or pools, but the apartment itself may not have the amenities you'll need to live there happily, or within your budget. Once you know what your new apartment has to offer, you can be more flexible with what you'd like to have. Sometimes expanding your search outside of your preferred radius can help you find a space that will work well with your lifestyle.
Consider Timing
Timing is, indeed, everything, when it comes to renting an apartment. You may need to start your search early, if you are looking at a specific move-in date. Most apartments have first of the month move-in dates, but this is not always the case, and some landlords are willing to work with you.
The time of year that you search for apartments for rent can greatly impact how much you end up paying, and what you are able to find. Depending on where you live, this may vary, but the typical "season" for rentals is during the summer months. The more people that need apartments, the more difficult it will be for you to find one, so you may need to start your search a bit early if you will be moving in during a time when others will be too.
Watch for "Red-Flags"
If it seems too good to be true, that may very well be the case. Just like searching for a car, if you are not careful, you could end up with a lemon. If an apartment is priced considerably lower than those in the surrounding area, yet lists many features, there may be a problem. You may be asked to pay additional fees. Never hand over any money to a landlord before actually seeing an apartment.
If you are being pressured to sign a lease or pay in a hurry, think twice. Always make sure that a rental is legitimate before handing over a deposit. Unfortunately, apartment scams do exist, so keep this in mind, during your search.
Read the Lease
You will typically be given a lease to sign before securing an apartment for rent. Take the time to read it thoroughly before signing. It will provide you with valuable information that you will need throughout your stay. There may be additional fees for services like carpet cleaning or wall painting that are required upon move in or move out. You may also lose your security deposit should any damage occur or if you move out early. By reading your lease, in its entirety, you can avoid miscommunication and get clarification on any questions that you might have. Be sure that if any changes are agreed on, that you obtain this in writing, otherwise, you could face legal issues, down the road.
By taking some time to plan out your apartment search, you can save yourself time and hassle. Though it takes some dedication, you truly can find an apartment that meets both your budget and your lifestyle needs.