Originally posted on http://www.kake.com/story/40870357/tips-for-renting-an-apartment-for-the-first-time
Moving out into your own place for the first time can be an exciting experience. This is a time to branch out on your own, stake your own place, and dip a toe into the adult world for the first time.
You probably can’t wait to be settled into your new place, and you might even have all of the decorations in mind already. But before you can put all that into action, you have to do the less fun part: finding the apartment itself.
Apartment hunting can be tricky, even with the market healthier now for graduates and young people than it was some years back. Sometimes, the search for your first home can feel endless. Want to avoid some of that trouble?
Read on and we’ll walk you through some key tips for renting an apartment.
We probably sound like your parents, and you might not want to hear it, but it’s true: too many young people stretch out their hunt for great apartments looking for something that might not exist.
The most important thing you can do for yourself before even looking at listings is to establish a budget for yourself. The conventional wisdom from experts is to not spend more than 30% of your budget on your rent, but that might not be possible depending on where you plan to live.
It’s a good idea to look at the average rent in the neighborhoods you are considering, and place those numbers against your expected or current pay. How much are you comfortable spending? That’s a number you’ll have to set yourself.
But whatever you do set, you should work hard to keep yourself in budget and expect to be realistic about all that that entails.
Real estate is also quite competitive, which is something that may surprise you if this is your first apartment hunt. Landlords are looking for reliable and well-mannered tenants who will pay on time and cause them little trouble otherwise.
That means if there’s another applicant who seems more reliable than you, they may win out over your bid for the apartment. There’s a number of steps you can take to make yourself more attractive to landlords.
For one, you could have your parents come on as co-signers, increasing confidence that you’ll be able to pay monthly. You should also always visit apartments with proof of employment in hand if you want to make a good impression.
Real estate is one of the areas where it’s easiest to get screwed over. It’s unfortunate but true. As such, it’s important that you get everything important in writing. Did the landlord tell you that door that won’t close would be fixed by the time you moved in? Get it in writing.
Anything you don’t have a record of you won’t be able to prove, so take the extra step and note it.
Renting an apartment for the first time can be stressful, but there’s nothing like the satisfaction of being able to call somewhere your own. Need more home advice, tips or tricks? Check out some of our other blog posts for more.
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