Renting an apartment for the first time is exciting! This is a huge decision that should not be taken lightly because it does come with a lot of financial responsibility. It is important that every first-time renter follow these three simple tips.
Know your monthly costs! The out-of-pocket cost associated with renting an apartment and moving will add up quickly. There are application fees, deposits, movers, and the list goes on. Most of the expenses will occur before you even spend your first night in your new apartment. Try not to spend more than 30% of your monthly income on your rental expenses. Be financially prepared.
Set a budget and stick to it! It is extremely important you keep your pocketbook in check. Set a monthly budget and itemize all your expenditures. Do not spend more than you have. Remember you still have rent to pay every month, and your landlord will not tolerate excuses.
Read your lease! A lease is a binding contract that will inform you of important dates and fees you are required to follow. Write down in your calendar when rent is due and your move out date. 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 smooth one.