Moving into your first apartment can be a sign of maturity, although it requires a lot of planning, money, and hard work. Being ready to start your search means having a clear understanding of what you need to know before renting an apartment, from how much savings you should have to what documents you need to convince the property manager that you are a good candidate. Here we discuss things that need to be known before renting an apartment.
Cost up front
Rent costs aren't your only financial concern with a new apartment. Even before your monthly expenses, you need to save for up-front costs. Between application fees, security deposits, pet money if applicable and first month's rent, you'll be spending some serious money before you even get your first apartment keys. To budget for this, plan to have a few months' rent in the bank to cover expenses.
Long term costs
one who does a budget after moving in, rent still isn't your only financial obligation. According to the US Study, long-term costs range from monthly utilities to items purchased on a regular basis. The list will vary based on your needs, but may include:
Internet and cable
Cell phone service
Water, sewers and garbage
Depending on the time of year and the average cost of each, you can estimate several million Rupiah per month along with rent. It's important to budget for these expenses before you start your apartment hunt. They will influence how high the rent you can afford to spend.
Rental terms and conditions
This may be your first time reviewing a legal document and it can be difficult to interpret. Gather frequently used terms in rental agreements and then read your lease carefully.
If you don't understand something, ask before you sign the document. Check the area on conduct rules and restrictions, late rent policies and what actions can lead to eviction.
If you disagree with something in the rental rules, discuss it with your property manager. It's fine to ask for changes to your lease, but don't assume you're going to win every discussion.
Where you live is just as important as the layout of your apartment. Ideally, you want a place that is close to the essential shops and services that you use frequently. You don't want to go far to buy groceries, get a haircut, or grab a meal at a nice restaurant.
Having several walkable options is a bonus, as is being close to public transportation when available. You'll also want to factor in the distance between your potential home and your job. Long commutes can ruin a day, so map out the distances, during the typical times you drive to and from work, to gauge how long commutes you may face.
If you were to make a list of the things you couldn't live without in your first apartment, what would it be? Do you need an in-unit laundry so you can clean your clothes every day? Do you need an on-site gym to help you stay fit? Do you need an elevator instead of stairs to get to your apartment after work?
This is an important thing to consider when renting an apartment to make sure you enjoy where you live. “Many apartment communities are upping the ante with luxury amenities that make life easier, more convenient, and more enjoyable,” says Devon Thorsby, Real Estate editor at US News & World Report. Listing these items, as needed, can help you find the perfect apartment and building.
Pets or no pets
This decision can be made for you, based on the pet policy of the apartment you wish to rent. Don't take the risk of bringing your pet with you even if it's prohibited. If you have furry friends, make sure your property manager allows pets. Most pet-friendly buildings have a pet deposit or add a pet fee to your monthly rent, so it's good to know what the budget is.
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