Apartment. Thursday , July 12th , 2018 - 10:29:13 AM
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.
Do you fall within the state guidelines of programs like HUD? If you do, then you should make sure that you take advantage of the opportunity to find affordable apartments for rent according to your income. These organizations work with your specific level of income so you will only pay what you can actually afford.
To start finding the best apartments, you need to try a variety of ways and the most common ones include using brokers, by word-of-mouth, the classifieds, apartment referral services, community groups and online apartment guides. Every now and then you'll find a homeowner who invested in a furnished apartment and is renting it out for lower rates than normal.
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