Apartment Tips

1. Pay attention to your budget
It may be tempting to look at places that cost a little more than you can comfortably afford. But you don’t want to have to scrimp on other needs. So make a budget, and be thorough and honest. And keep in mind that a cheap apartment doesn’t necesarily mean it’s undesirable.

2. Compare lots of places.
You’re going to live with your choice for a long time, so make sure your new place satisfies as many requirements as possible. Don’t be swayed by factors, such as a nice view, that aren’t as important as convenience and comfort.

3. Deal with a reputable owner.
Looking for an apartment in a complex run by a well-known management company is a good idea. They’re usually very committed to serving their tenants. They have websites you can“shop” on. You’ll generally get more choice and value, and deal with professionals.

4. Inspect thoroughly and take notes.
Maintain records of the apartments you visit. Make notes about things you like and those that are missing or cost extra. Measure the interior spaces to make sure your furniture fits. Test the utilities: lights, water pressure and temperature, heating and air conditioning, laundry room, etcetera. Ask neighbors what it’s like to live there.

5. Know about apartment sharing.
If you’re sharing an apartment, it’s almost always the case that all parties must be named in the lease. If one of those parties wants to leave, there are specific provisions to be met. Also, be clear about how deposits, utilities and the like will be handled in the event someone moves out.

6. Don’t be afraid to ask questions.
Will your place be “refreshed” with new paint and carpet before you move in? Is internet access available? Who controls the heating an cooling? What is the smoking policy? Are pets allowed? What’s covered by security and cleaning deposits?

7. Understand your agreement.
This is often overlooked. Before you sign anything, be clear about the terms of the contract. Is the low rent they indicated correctly reflected? Are all terms clear to you? If necessary, ask for time to review it, and then have someone you trust help you.

8. Check your credit.
It can be a very good idea to get a copy of your credit report, because landlords may well seek yours before they agree to rent. Even if you think your credit is good, your report may contain inaccuracies or outdated information. Do anything
needed to clean it up.

9. Consider renter’s insurance.
Living in a building with others increases the likelihood
of fire or theft. Shop for “Replacement Cost Coverage” renter’s insurance, which pays to replace anything that’s damaged. Also investigate coverage for loss from burglary.

10. Know about breaking your lease.
It’s possible you’ll have to move out before your lease expires. So understand what it takes to terminate your lease agreement. You may have to give extra notice or make an extra payment.