Mistakes Most First Time Renters Make
If you are about to be a first time renter and don’t know the ends and out of leasing an apartment, below is a list of things you shouldn’t do when renting an apartment.
1. Not Having Renters Insurance
Renter’s insurance insures that a renter is granted liability allows personal property to be covered against fire, theft, and vandalism, etc.
2. Not Reading the Lease
Always read the fine print and never sign any leasing documents if you don’t know what is on it. Never agree to something that is on the lease that doesn’t seem right and ask questions if any rise.
3. Not Visiting the Apartment Before Moving In
This is one of the biggest mistakes you could make as a first time renter. Pictures don’t do the apartment homes justice, so do yourself a favor and take a quick tour of the potential apartment that you have your eyes set on. This way, you can see exactly what you’ll be getting when you move in and no surprises will arise.
4. Underestimating Costs
There is always more fees than you think when moving into an apartment. Always keep in mind that there will most likely be a security deposit, in most cases, you will get that money back once you move out. Read your lease for any additional fees that may arise or ask your landlord/property manager if something isn’t explained fully.
5. Reputation of Landlord/Property Management Company
If the landlord/property management company has a bad reputation, you probably will want to avoid moving to their apartment community. Do some research and find a landlord/property management company that has a good reputation. That way if anything goes wrong in your apartment, they will be there to help in a timely manner.
6. Not Having a Handle on Finances
Before you even think about becoming a first time renter, you will want to make sure you are financially stable. If you do not know how to budget, now would be the time to learn.
7. Not Separating Needs from Wants
Needs are things that you cannot live without, wants are items that you do not necessarily need but want for personal liking. Focus on bills, fees, groceries, and items that you need on a daily basis. Wants will come later when your budget allows it.
8. Not Paying the Pet Fee
Do not skip out on the pet fee! If you do and your landlord/property management company finds out, they can charge you more fees and can evict you from your apartment. Most apartment communities are pet-friendly, so all you will need to do is fill out a pet application and pay the necessary fees in order for your pet to live with you in your apartment.
9. Not Having Utilities Turned on in a Timely Manner
If you are moving into a new apartment within the month, it is suggested that you call ahead and have your utilities turned on. This way, when you move in, everything will be already set up in advanced.
10. Not Taking Pictures Before You Move in
By taking pictures when you move in, this allows you to have evidence of what the apartment’s condition was before you moved any of your items in. This is also a good voucher for when you are moving out because you can show the landlord/property management company exactly what it looked like before and after.
Take the advice above in mind BEFORE moving into your first apartment. It will help you mentally, psychically, and financially in the long run.
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