Are you done with living with your parents and seriously considering apartments for rent? If the answer to this question is in the affirmative, then you are here at the right place. Renting your first apartment is nothing less than an adventure – it is exciting and a tad bit scary too.
After all, there is so much to look forward to while navigating your way to find one of the best apartments for rent. There are a few essential things to know before renting your first apartment. As a first-time renter, you will want to avoid going in blind and knowing a few essentials beforehand.
Read on to learn more!
Don’t Skip on the Insurance
Understandably, this can come off as a bit of a shock as no one would want to deal with an additional bill of paying for insurance. However, trust us when we tell you that it is mandatory. It can be life-saving, especially when an unexpected fire incident occurs or your building gets hit with a natural disaster.
Don’t make the streamlined mistake that your landlord’s insurance policy might be covering their property, which is utterly incorrect. Luckily, you won’t have to spend much on the renter’s insurance – it might take you $10 or even less. The bottom line is that as a first-time renter, you better not skip on the renter’s insurance.
Opt-out of The Full-Year-Lease
It is common for first-time renters to sign up for a full-year lease. Although the decision of signing a lease explicitly depends on the renter’s needs and requirements, you can immensely benefit from a monthly or a six-month lease.
By opting out of the full-year lease, you cut yourself some slack and explore and assess the neighborhood regarding its liveability before fully committing to it by signing a full-year lease. If you are the kind who likes to travel, and there is a greater possibility that you might be moving to another city in the future, we recommend going for a month-to-month lease.
However, compared to the full-year and six-month lease options, the monthly lease can be more costly. Be prepared for the extra costs.
Opting For a Longer Contract
Before signing up for an apartment, you ought to explore all your options. Your landlord might offer you a monthly discount on a 2-years contract, which is a good offer. Why is this so, you might wonder?
The answer is as simple as this: finding new tenants can be quite a hassle, so they (the landlords) do their best to retain their renters. The provision of longer contracts with monthly discounts is a strategy to keep renters in place. And you, as a first-time renter, can greatly benefit from this.
The Possibility of Having Utilities Covered
Some landlords include utility coverage, such as heat, and coverage with the monthly apartment rents. Other landlords might demand them to be paid separately. Therefore, it is a good idea to assess one’s options before signing up a lease, and before using heat and electricity, just so that you know what you and what you cannot do.
Understanding the Rules of the Community
Moving to a new place comes with loads of challenges, which involve the community and neighborhood. You will be leaving your family and friends behind as you move into a new region, state, country, and apartment.
Some apartments have more rigid rules than other apartment complexes. The rules can include keeping pets, having visitors, and having a curfew regarding quiet hours.
You might want to know the community rules first before moving into your first apartment. This is so that you will avoid getting fined, and also to make a good impression within your new community.