A Guide to Renting Your First Place

Disclosure of Material Connection: This is a "sponsored post." The company who sponsored it compensated me via a cash payment, gift, or something else of value to write it. Regardless, I only recommend products or services I use personally and believe will be good for my readers. I am disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255: "Guides Concerning the Use of Endorsements and Testimonials in Advertising."

 

A Guide To Renting Your First Place (2)

Image Source: www.gogetter.ca

A Guide To Renting Your First Place

 Finding your first apartment or home to rent is an exciting milestone. While you finally have a place that is solely yours to decorate however you want and entertain whomever you want, you also have a slew of other firsts, such as bills, budgets, and unexpected expenses. Here is a step-by-step guide to help you navigate the world of renting:

 

1. Establish A Rental Budget

The key to rental success is renting an apartment you can afford. While it can be tempting to snatch up a beautiful apartment filled with top-of-the-line amenities, stick with an apartment that fits easily in your budget. Especially for grads that are fresh out of college, finding a place that can easily accommodate your other expenses is key.

 

2. Work Out Your Debt

If you have pre-existing debt or student loan payments, be sure to factor that into your apartment search. Those types of loans can easily add up with interest, and it is vital you stay on top of payments. With new expenses like rent, utility bills, phone bills, or a rental association fee, prior loans can easily fall by the wayside. Be sure to factor those payments into your budget, and be proactive about getting out from under them. Look into other low interest rate loans from sites like TitleBucks.com in order to save money and pay off higher interest loans.

 

3. Research Neighborhoods

When on a tight budget, finding the right apartment in a comfortable neighborhood can be a challenge. Many people ignore looking for places in a good area in order to score a deal on a low priced apartment. For some, they are unaware of whether the neighborhood is safe or not, and are unpleasantly surprised when they move in.

 

Drive around different areas you are interested in and see if the area feels safe and comfortable. Check out the area at different times during the day, for a place that feels quiet in the morning might be a party place at night.

 

4. Amenities

List out your must-have amenities and which conveniences you can live without. Some amenities can add quite a bit to your monthly rent fees, so you may have to make some concessions.

 

5. Tour The Place

Unless you are moving across the country and cannot visit the apartment, be sure to tour any place you are considering moving to. No matter how beautiful pictures look, the real thing could be very different.

 

6. Read The Lease

It can be extremely tempting to forego reading the actual lease; however, before skimming and signing the dotted line, be sure to read the lease in its entirety. It is a legal document, thus it is crucial you know what you are agreeing to. If there are discrepancies in the lease, or missing items, make sure the landlord adds them to the lease before you sign it.

 

As a major life step, be sure you have crossed your t’s and dotted your i’s in order to ensure you have found the perfect first place. 


signature
Be Sociable, Share!

One comment

  1. angie says:

    These are great tips. Thank you so much for sharing!

Leave a Reply

Your email address will not be published. Required fields are marked *