TIPS FOR FIRST TIME RENTERS

Life is full of taking the next step, whether the step is small such as learning how to tie your shoes or big like exchanging vows at a wedding. One of the biggest stepping stones in life is moving out of the house to rent an apartment. While renting an apartment, you should consider the safety of your new home. You can hire apartment property management to help keep your properties safe and worry-free. They will keep check on any damages or problems with the property so you don’t have to worry about anything.

The nest has become a little more empty while you have become a little more independent.

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Renting your own place for the first time is a huge deal. The question is how do you make it work?

The answer is following a few tips for first-time renters that are recommended by the property management experts at Utopia Management.

Create a Budget

You are probably not going to be renting a luxurious space on Park Avenue in New York City. In fact, finding your first rental unit means looking for one on a tight budget. Before you dive into the listings on Craigslist and other online rental portals, spend time working out a reasonable budget.

Landlords want to rent units to tenants that spend no more than 30 percent of their monthly income on rent. Make sure you match this financial criterion. You also have to account for monthly expenses, such as for utilities, rental insurance and car payments. Make sure to know what utilities the landlord includes in the rent before you create a monthly budget.

Understand the Difference Between Wants and Needs

What you want in an apartment is going to be much different than what you need. Yes, having a jacuzzi on the deck overlooking the city is a super-nice amenity, but do you really need a fancy hot tub to make it through the day? Unless you run a multi-billion dollar company, you can do without a fancy amenity like this.

Figure out what you need in an apartment, which includes important issues that include location and security. If you have a pet, you need to find a place that accommodates the needs of pet owners.

Take Your Time During the Walk Through

One crucial mistake made by many first-time renters is rushing through walk-through tours. A twist of a bathtub knob here and a glimpse of the view in front of a rental unit is not enough for you to assess your potential new home.

Not only do you want to spend time inside a rental unit, but you also want to take a tour of the entire property to analyze how well the landlord takes care of the amenities. Full trash bags split along the sides and sitting by the curb indicates the amenity of trash pickup might not be such a great amenity.

Understand the Rental Application Process

First-time renters often are not familiar with how landlords screen potential tenants. A common rental process involves going through a background check that includes a review of your financial history. Since you do not have previous renting experience, a landlord will want to know how well you manage your finances by accessing your credit history.

Property managers of multi-unit complexes require potential tenants to pay an application fee to run background checks, which can add up if you send in several rental applications. You want to know how much each application fee is and how long it takes for landlords to process rental applications.

Where Do You Park?

One of the most crucial security questions to answer involves parking. Do you have a dedicated space right outside your rental unit to park your vehicle or will it be like rolling the dice every time you come home from work? How full does the parking area get at night and where do your guests park when they come over to socialize at your new home? The ideal parking area should be well-lit, with tenants receiving a parking pass to enjoy the privilege of getting to park close to home.

Read Everything Written into the Lease

Signing the lease on your first apartment will bring you a level of joy you have not felt since you decided to move out of your parents’ home. However, the joy can quickly turn into dismay if you sign a lease that you did not fully read.

Read the proposed lease from the first word to the last, including everything written into the fine print. The fine print is where you can expect to find information about additional fees and the repercussions for breaking any of the clauses written into the lease.

Bonus Tip: Get to Know Your Neighbors

No, you are not buying a house that you will live in for the next 30 years. However, you are living in a new place for the first time in your life, which means you are going to interact with a new set of neighbors. Introduce yourself to your new neighbors. It will give both parties the peace of mind needed to establish one of life’s most important relationships.

Humna Chaudhary
Humna is a freelance writer, more than 2 years of experience , I writes and publishes articles on lots of high-quality Tech, General, Health, Fashion sites. . For more information contact me on [email protected]

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