The process of renting your first apartment might, at first glance, appear to be a steep uphill climb. The truth is, however, with the proper know-how and a step-by-step plan in your back pocket, you’ll be on top of that hill in no time enjoying the view (from your new apartment!).
Step 1: Start an apartment search
The first thing that you need to do before you even look at different apartment complexes is to determine the area where you want to rent. Set parameters for distance from work, from family, friends, and amenities, and try not to stray outside of your boundaries. Once you know where you want to settle, you can begin your apartment search. Personal references from friends and co-workers are a great way to narrow down your choices. But, before you set your heart on a particular apartment complex or rental unit, you’ll want to do a little research.
Step 2: Decide how much apartment you can afford
First of all, what is your budget? Take the time to use an online budget calculator to figure out a monthly budget that will include the estimated cost of utilities in addition to your normal monthly expenses like gas, food and entertainment. Remember that utility companies usually charge a start-up fee ranging anywhere from $20 to $50 which will typically show up on your first bill. Also, factor in an increased commute to work if you are planning to live further away from your job. Once you’ve done the math, figure out how much you will have left for rent. Be realistic and don’t stretch beyond your comfort zone. Try to only look at apartments that fit your budget comfortably.
Step 3: Take an apartment tour
Make an appointment – Once you’ve settled on a few different places that you know you can afford, make appointments to view apartments. Sometimes the management company will show you a model if there are no units available at the time, or they may show you the actual apartment that you can rent. As a general rule, before you sign a lease anywhere, make sure you see the actual unit you will be living in so there will be no surprises down the road.
While you tour the apartment – As you go on your apartment tour, keep in mind the size of the place, the general upkeep of the property and the condition of the apartment. If the apartment that you are looking at is a mess, don’t be afraid to ask for reasonable concessions such as new carpet and fresh paint if it is needed. Usually, as part of regular maintenance, the management company is more than willing to do what it takes to make the apartment clean and livable.
Think about it – Take pictures of the apartment as you tour so you can go back and look at them later. Take a few days to think it over before you go back to sign a lease, and view several different apartments and compare prices and amenities before you make your choice.
Step 4: Read and understand the apartment lease
Finally, once you have settled on the perfect first apartment, you’ll have to sign a lease. Be sure, before you sign, that you understand completely the rules and policies of the apartment complex and your lease.
Ask lots of questions – If you need to break your apartment lease, for example, what are the penalties, if any? Are there any extra fees, for things like parking or use of the gym or clubhouse? What utilities will you be responsible for and does the property require residents to have rental insurance?
What does it take to move in? – Ask what is required of you at signing. Generally, you will be expected to provide a first and last month’s rent and possibly a security deposit. Some apartment complexes charge a move-in fee or pet deposit as well. Make sure this fits into your budget and you can afford to pay the amount they are asking for up front.
Completely understanding your lease – You will also want to go over the language of your lease. A helpful site that explains the different sections of a lease in a way that non-lawyers can understand is the University of Pittsburgh Off-Campus Living webpage.
Take all the time you need to read over the lease before signing, and don’t be afraid to ask the landlord or apartment manager as many questions as you want. Once you have crossed your T’s and dotted your I’s, you’ll have your first set of apartment keys and be ready to move into your new place. Follow these steps and listen to the advice above and you’ll be enjoying life in your first apartment in no time!
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