90% of young adult renters say they have at least one regret about their rental property.
Don't be the 90%!
Earning the title of “first-time apartment tenant” is an exciting rite of passage. It requires, however, a lot of knowledge and organization.
Create a first apartment checklist to give you the confidence and know-how to find your first perfect place.
What Can I Afford?
Determine an "affordable" amount to spend each month for rent. Thirty percent or less of your monthly incomeis considered affordable. Do the math!
Cost impacts the type of apartment you can afford:
Studio (1 open room, no separate bedroom)
1-bedroom, 2-bedroom, etc.
Will I Live Alone or with Roommates?
I'm comfortable with:
Reduced costs and money saved
The company of others for long periods
I'm comfortable with:
Higher costs in rent and bills
Being alone for long periods
Household duties on my own
Which Neighborhood is a Good Fit?
Questions to consider when choosing an apartment location:
Can I afford to live in this area?
Is the neighborhood safe?
How close am I to school? Work? Loved ones?
How easy is walking, biking, or driving in the area?
Ava loves downtown and is looking for apartments in the area. What should she consider priorities?
What Can’t I Live Without?
Your first apartment checklist should rank your must-haves.
These may include:
Windows with natural light
Closet and storage spaces
Secure bike/car parking
Prepare Questions for Your Apartment Tours
Show you're in the know by asking important renting questions.
Ask the landlord:
What’s the application process?
How soon can I move in, if interested?
Are any utilities included in the rent?
What are the income requirements?
Can a guarantor co-sign if I don’t meet the requirements?
What are the options for purchasing tenant insurance?
What to Look for on Your Apartment Tours
Love the online photos of your potential new oasis? Check it out in person and confirm it meets your standards.
Be on the lookout for:
Strong cell phone reception
Secure doors and windows
Noise levels in the unit and building
Water pressure of sinks, toilets, and showers
Signs of pests in the unit andbuilding (nests, droppings, smells)
Gather Necessary Paperwork
Prepping paperwork puts you ahead of the game from other prospective renters!
Start securing these items in a safe place!
1. Copies of your:
government photo ID
2. Application form
3. Check or money order for the application fee
You've found, "The One!" The landlord needs a government-issued ID. Which forms of IDs could you use?
Are you all set to move into your first apartment?
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