Where do I find an ideal apartment? How much will it cost me to rent an apartment? What will be the rental agreement? We know — there’s plenty to contemplate before deciding on a suitable apartment to live in. Renting is more than just picking a house. When deciding on an ideal apartment, your focus should be on turning a living space into a home. The number of things one has to consider before renting an apartment, especially in a major city, is infinite.
That said, if you are seeking to find an ideal apartment, there are several crucial factors worth considering. So, what should you consider when renting your next apartment?
1. Identity and Reputation
Identity verifications are incredibly common these days because landlords are responsible for ensuring their apartments are safe. In fact, they are required by law to verify the identity of their tenants. A landlord can be sued for negligence if any damage to the property occurs because of skipping this part. Again, you must ensure that the person letting you into their building is who they claim to be and not a scammer. If you wish to verify a person’s identity, Nuwber is also a good place to start.
2. Landlord/Tenant Relationship
As a tenant, you always want a friendly landlord or property manager with who you can quickly get along. The type of landlord you have can make or break your living experience in your new apartment. Your property manager is responsible for ensuring your apartment complex is safe and clean; so, it is important to get to know them well. Renters and landlords have limitations to things they can and cannot do. If you find out that your landlord is intrusive, you ought to properly grasp your rights as a renter so that you can set clear boundaries.
3. Apartment Type
Now more than ever, tenants are spoilt of choice regarding the types of apartments available. There are many different apartments to try, and each has a price tag. Luxury apartments are guaranteed to cost you an extra penny, while the location of an apartment can further drive up its price.
The best way to determine the price of an apartment is through property listing sites. These websites allow you to compare different apartment types and their respective features from your phone or computer. Real estate agents are also actively updating the prices of different properties within specific neighborhoods. If you’d like to rent an apartment, it is wise to check its price and other additional features to determine if you can afford it in the long term or not.
5. Amenities Available
People look for different things when it comes to apartment amenities. While some people prefer apartments with fitness centers and swimming pools nearby, others are only looking for ample parking space. Consequently, amenities like in-unit laundry and air conditioning are a must-have for many people. If you are the type to look for property online, you already know that what you see is not always what you get. In some property listing platforms, details about properties are sometimes inaccurate. Before making any commitments on an apartment, it is wise to go and check out the property in person. Hence, you can ensure that it has the amenities you are looking for and need.
Considerations about where to live should go beyond how much the rent might cost you. If you have a family, then you know how much distance and convenience matter. These are important considerations when deciding where to reside. You want to settle on a location that offers the flexibility of taking your kids to school, shopping and is not too far from where you work. If you find a place where you have to cover long distances to get to work or a medical facility, drop it. In turn, this means then that your overall expenditure will be much higher in the long run.
7. The Pet Policy
After a long lockdown period following the coronavirus pandemic, it is no surprise that many people prefer having a furry companion in their homes. However, some landlords have their reservations when it comes to pets. Some apartments have a very strict no-pet policy, while others welcome such an idea with open arms. If you are a pet owner, you ought to thoroughly go through the rental agreement and pay more attention to the pet policy of the apartment you’re looking to rent.
Additionally, find out what other tenants feel about having a pet around and their reservations about the pet roaming around if any. Subsequently, most landlords with pet-friendly apartments charge a pet deposit fee that could be either refundable or non-refundable.
8. Take Time to Look at the Lease
Some people make the mistake of not reading through the lease because they are too quick to sign it. A lease is a legally binding document that should be read carefully before signing. You can only uncover critical details of the tenancy by reading the lease. Such information includes who is responsible for maintenance, if pets are allowed, and any other utilities included in the rent.
After renting an apartment, you may want to sublet it whenever you are traveling or will be away for a long time but do not wish to vacate the premises. If you skip reading the lease, you might violate the signed agreement without even knowing it by subletting your unit. It is also wise to have a lawyer or realtor while at it to help you understand the content of the lease and ensure everything is ok.
Whether it’s your first or tenth time doing this, there are many things that you ought to take into account before renting an apartment. For tenants, it is only logical to choose an apartment that meets their needs. If you’re lucky enough to find an ideal apartment, it doesn’t end there. It is wise to see the apartment in person and with your lawyer if you have one to help you with the legal details.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news and distribution to create an unparalleled, full digital medium and social business network spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems.