Apartment. Thursday , July 05th , 2018 - 02:26:00 AM
You also never have to pay thousands of dollars to the estate agent as down payment or big monthly installment. You also never have to worry about paying for building inspections or the tax cover and insurance coverage. Another advantage is that you might never have to pay huge mortgage amounts or interest rates when renting apartments.
Apartment viewing can be fun and exciting, but it's important to focus and pay attention to the unit and the complex as a whole. To keep yourself on track, create a checklist of things to look for at each place. If you don't wish to make your own, there are pre-formatted checklists available online. Never lease an apartment before checking it for basic safety standards and making sure everything works properly. Check fire alarms, hot water heaters, air conditioning units, fireplaces, showers, and faucets. Make sure all the appliances work and check floors and walls for scuffs or tears. If there are no serious issues and you decide to move in, make a note of any flaws you uncovered and report them to the property manager. You don't want to be blamed for something done by a prior tenant when you leave.
The independence of renting your first apartment is exciting, but don't allow your excitement to overshadow reason. Being a first-time renter is challenging and requires responsibility. Before you start viewing apartments, take some time to define your needs and calculate a budget. Add up all of your monthly income, including financial aid, and multiply this number by 0.3. The resulting value is 30% of your monthly income and roughly the amount you can comfortably spend on rent. Only consider apartments for rent with a cost close to this number. Now, do you have pets? Are you open to a roommate? What amenities do you prefer? Do you have transportation, or will you need to walk to class? Ask yourself questions like these, and stay within your budget to narrow your options.
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