Guide to Renting an Apartment

May 29, 2013 by

Guide to Renting an Apartment

In these times of bad economy and recession, searching for an apartment for rent is probably the only option that is open to you. However, even though moving in into a new apartment can be quite exciting and fun, finding the right one to suit all your needs is a daunting task. If you are someone who is looking for an apartment but are unable to find one yet, then do not fret because the guide to renting an apartment will tell you exactly what you need to do. Follow the steps below and you will rent your ideal apartment soon.

 

Step 1: Set a Budget

The standard rule to renting is to have one which doesn’t ask for more than 30% of your monthly salary. When searching for the right apartment, focus on your budget and try not to exceed it. However, if you do want to go over that 30%, make sure that the apartment and location is worth spending the extra money. If your budget is low, search for shared apartments but make sure that the people are according to your liking.

Step 2: Start the Search

If you don’t want to spend the extra cost that is needed when you hire a broker, you will want to look at classifieds and the newspaper in general. Also, if you are a student, look at campus bulletin boards as these will have a number of listed apartments that you can check out.  Although, if you can’t seem to find anything you like, you can always try out the internet as this is the place where you will find most variety and may even find a deal.

Step 3: Decide what you need

Once you have decided the medium of your search, you have to start thinking about what your requirements are. How many rooms do you need? What sort of an area or location do you wish to live in? Would you need parking permits? What amenities do you need etc?

Step 4: Make Your Renter’s Resume

As a renter, you must know that because the landlord needs to make sure that you will pay the rent on time, he will ask for a renter’s resume. This resume is much similar to that of a CV for a job application and so, it should contain all the information that is needed to make sure stand out from the rest of the people who wish to rent the apartment. Add references, last addresses along with the phone numbers of landlords, monthly income slips, and credit card reports as well.

Step 5: Inspect the Apartment

You like the apartment, the area and everything fits your needs perfectly, so should you now rent the apartment immediately? No, absolutely not. This is so because even though you might like everything it has, you need to take a closer look at it and ensure that everything is in order. Check the pipes for leaks, sinks and shower faucets for proper functioning, electricity appliance etc.

Step 6: Read before you Sign

Now that you have inspected the apartment and made sure that it is according to your needs, ensure to read the agreement before you sign it. Ideally, you should ask the landlord for a copy of the agreement so that you can read it thoroughly and sign the next day or when you have went through everything.

Follow the tips and steps given above and you will soon be able to find an apartment for yourself or your entire family.

 

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