Ultimate Guide to Renting an Apartment for the First Time

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Moving out from your parents’ house or boarding house for the first time can be exciting. It’s a new phase in your life where you can be more independent, have more privacy, and enjoy your own space. However, it also comes with the struggles of finding a suitable apartment. There are several options available, and it can be overwhelming if you are not sure what to look for. Here is a guide for first-time apartment renters to make the process a little less stressful for you.

apartment exterior

Determine the location

One of the most important things to consider is the location of the apartment. Find one that is near your workplace. It will save you from the hassle of having to drive long hours, which can be tiring. Ensure that it’s also close to establishments vital for you, such as grocery stores, pharmacies, clinics, and restaurants.

Consider the amenities

The amenities are added features that will make your living more convenient and enjoyable. Some of them are the swimming pool, gym, and rooftop deck. There should also be a parking space where you can securely park your car, so you don’t have to worry about it.

Set a budget

Determine how much you can afford for the apartment rental. Then, consider your other expenses, such as utilities, food and groceries, subscriptions, and petrol. You want to make sure that you have enough extra for savings and other unexpected expenditures.

Determine the apartment size you want

There are different sizes of apartments available. Some are studio types, while others have one or two bedrooms, a living room, and a kitchen area. You can find an apartment on your own, or you may also enlist the help of a real estate agent. Hiring a real estate agent will make the process more convenient because they know the available apartments in the area, and they can also help get you the best deal that falls under your budget.

Also, make sure that you deal with one that has real estate agent insurance, so you will be covered in case of any issue about their recommendation that may affect you. For example, if there is an issue with the apartment that you discovered after closing the deal, which the agent did not tell you about, you can make a complaint and be covered by it. Another example is if the agent tells you that certain repairs or updates will be paid for by the landlord and it turns out that you need to pay for them. You can file a lawsuit. If you visit the real estate office and you met an accident while at their premise, they will cover for your medical expenses.

Know about the application process and requirements

Every company or landlord has its requirements and process. Ask about this information to know what you will need and if you can conveniently provide them. The typical process involves filling up the application form and paying a certain fee. They may also do a credit check, and your credit record will significantly affect the outcome. Make sure that you pay your loans on time to build your credit score.

Read the lease carefully before signing

Once you decide which apartment to rent, you will be asked to sign a lease agreement. Although you have probably discussed the terms with the landlord, read the contract carefully before signing. You will find everything about your rental there, and it will be your only proof should you have any issues in the future. So put to writing all things you agreed on. You also need to plan your move to make the process as smooth as possible. For example, visualize where to put your furniture and appliances and measure twice to ensure that they will fit.

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