Friday, September 4, 2015

First-Time Renters Need to Know


Renting an apartment for the first time is not a decision that should be taken lightly.  The decision comes with a lot of responsibility, but is also a very exciting time.  Follow these three simple tips, and help make your first move a smooth experience.

Be financially prepared. There are plenty of upfront costs associated with moving into an apartment. For example, application fee, security fee, utility bills, pet deposit, and movers.  Most of these expenses will occur before you even spend your first night in your new apartment.  Experts recommend that your annual rent expenses not exceed 30% of your annual income.  Know your monthly costs.

Stick to the plan.  It is vital that you set a monthly budget and stick to the plan. A landlord will not tolerate excuses when it comes to non-payment.  Be caution of your expenditures when moving into your new home. You do not need to rush to furnish every inch of your apartment.  Remember you still have not paid your first month of rental expenses.  Set a budget and stick to it.

Read your lease.  Read it and then re-read it.  Know exactly what you are getting yourself into.  Write down important dates such as when the rent is due, and when it is considered late.  Familiarize yourself with fees and policies that you are legally required to follow.  Put your lease in a safe place so you can refer back to it as needed.    

You will likely have a lot of questions through this entire process.  Our apartment locators are experts in working with first-time renters.  Contact Apartments Now at 210.446.5577 and let us help make your first experience a memorable one.