Moving out of your parent’s house or leaving dorm life behind means you are taking a big and exciting step toward becoming a first-time apartment renter. However, if you are unfamiliar with the leasing process, it can feel overwhelming. Whether you are renting an apartment at boston real estate or in any other state, these tips with guide you in your journey to secure an ideal rental space.
Calculate The Amount To Budget For
First, calculate the amount you need for rent and additional costs related to renting, such as pet fees, parking fees, or utilities. Creating a budget for your apartment can help you save money for your first apartment. Sticking to your budget post-move-in can increase your savings for home décor, utilities, home decorations, and other expenses. You should never pay more than you can afford for rent on your first apartment. Rent should not exceed 30 percent of your gross income. The 50/30/20 rule is an additional budgeting method to adhere to, enabling you to set aside money for the security deposit or first month’s rent.
Determine Your Necessary Amenities
Determining the amenities you desire is crucial because you will probably reside in the property for a year or more. Amenities in apartments are services or features that renters utilize during their stay in the unit. Amenities can either be found within the apartment or available in the building, such as a parking garage or gym. Housing options that permit pets might also offer facilities suitable for pets, like designated areas for pets to exercise or a backyard.
Visit apartment-hunting websites
Numerous apartment-hunting apps provide rental listings with up-to-date information about each unit and options to filter by property type, price, baths, and beds, pet-friendly rentals, and your desired move-in date and other criteria. Some apps will also inform you if specific rental opportunities are no longer accepting applications or are no longer available for rent.
Take a Walk Through the Apartment
Online apartment tours have made it easy for renters to explore new residences from a distance. However, a good old-fashioned walking tour of the apartment can provide you with firsthand knowledge of the neighborhood. Book a tour of an apartment complex to view the layout, community vibe, and daily maintenance of amenities such as the fitness center and trash collection area. When you are on a tour with the property manager, make sure to ask questions about any concerns or uncertainties. Make sure to create a set of questions that reflect your priorities.
Read The Complete Lease Contract Thoroughly
As a first-time tenant, you should carefully read and understand your lease agreement before signing it. You should make sure that the details on the rental listing match the lease agreement and understand what is expected while living in the rental property. The landlord’s contact information should also be included in the lease agreement in case you ever need to contact them. Once the lease is signed, keep it in a convenient location for referencing when you have questions on rent payments and other rental issues.
Bottom Line
Renting your first apartment doesn’t need to be an expensive or stressful experience. With the above tips, you can simply begin the process of locating your new home on a positive not feeling confident and well-prepared. If you find it overwhelming doing it alone, you can consider the services of a real estate agent.
