Renting an apartment can be either really complicated if you think about it or it can be really easy. Well, here is the thing, it is actually really easy but at the same time, there are a few things you have to watch out for. This process is applicable to both people who are looking into renting an apartment for a short period of time or a long period of time. Without further ado, let us start.
Here are what you must know before renting an apartment:
- Know your credit score and income
Renting without knowing how much you actually make or actually spend is something you should never do. Finding out your credit score can be a bit hard because some people do not have an existing credit score and thus limiting your options. But do not worry, not all apartments require a credit score.
Knowing your income is a different thing, do not rent an apartment that costs more than one-third than what you are making. Although it may be tempting or it may be a very good deal, you would not want to run into future problems when it comes to paying your rent.
Coming into terms with the landlord of the apartment is very important because there may be things that you can not do without that just are not acceptable to the landlord and may cause problems later on in the future. For example, some apartments do not allow pets and if you own one, negotiating once you have already made the agreement will be a bit hard to do. It is better to come into terms before even renting the apartment to save yourself from having to undergo problems with your apartment later on.
Imagine a triangle with the three tips at price, amenities, and location. Now usually you can only score two out of three but if you are lucky enough to get all three, good for you! Going back, to the triangle, prioritizing price should be the first move to make. Now learn to make a decision based on which weighs more. If the location is not that bad and the amenities are really neer, then that is a good decision.
Searching for the perfect apartment can be either really easy or very hard. Doing it yourself through manual search or through the internet is really good but sometimes real estate agents can be able to find better deals for you. It really depends on how good you are at searching for an apartment. Atleast with your criteria, you will be able to find the perfect apartment for you without having to go through the trial and error stage. Narrow down your search and find the perfect apartment faster.
Congratulations! You are finally ready to move in, now this is not part of the process of renting but we will talk about this anyway. Hiring a licensed moving company is something we would like to advice but if you are willing to do the manual labor, just make sure that you can trust the people who are helping you. Also, try your best to pay them for their labor even if they are your friends because this is the first good deed you will do in your newly rented apartment