Nia Poole. Apartment. June 13th , 2018.
recent trend is emerging in which old buildings such as ancient colleges and schoolhouses are being converted into apartments. While looking dingy and old on the outside, many of these units are state of the are luxurious living after their conversions to apartments are complete. Luxury apartments in 200 year old buildings are very hip, especially closer to the big cities where style counts for something. Often times in large cities, apartment renting is the only way to find shelter since the price for real estate is so incredibly sky high that it is nearly impossible for the average Joe to afford to buy a condo or single family residence.
In most cases, finding the?best apartment?is a simple matter of economics. An apartment's cost is what will make or break the rental agreement. Severely overpriced apartments will sit unoccupied for years while apartments that are even slightly under priced are leased within hours of hitting the market. The general populace rents in a way that say loud and clear that a roof over the head is the main need and the price should be as cheap as possible. This motivation for competitiveness keeps rent rates constantly at the point at which the market can bear, and never more. When a landlord charges much more than his or her competition, his units will never have occupants and he will by default have the worst apartment available to the consumer.
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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