If You’re a Student Renting Your First Apartment, Read This If you are are student who is about to rent your first apartment, it’s important to do your research well ahead of time so that you know what you’re getting into. As you shop around and contact different landlords, keep the following tips in mind to make your choice easier. Know Your Needs The most central question to ask yourself is what features you especially require for your new place. As a student, the distance to your campus will be central to your choice of location. Will you have a roommate to save on costs? In that case, you’ll need two bedrooms. Parking will be have to be arranged if you use a car for transportation. Certain factors will be more significant to your specific circumstances, so focus on those and be willing to compromise if price is an issue.
6 Facts About Apartments Everyone Thinks Are True
What’s the Total Length of Your Study Period?
6 Facts About Apartments Everyone Thinks Are True
Generally, property managers and landlords try to sign full-year leases. This can be at odds with your study period, depending on the academic schedule your school uses. The usual way around this is to sublet your apartment during the four summer months, so be sure to ask whether that will be possible. You might also choose to stay in the apartment over the vacation. Whatever you decide on, figure it out in advance so that you know where you stand financially. You Should Know What You Can Afford Depending on your income and parents’ support, the monthly rent may be one of the most critical parts of your choice. If you ask around, you’ll find that the most common guideline is to avoid spending more than around a third of your income on rent. As a student, of course, life isn’t always that simple. You’ll also want to know whether the quoted rent includes things like hydro costs and furnishings like chairs and a bed. Ask the landlord or property manager exactly what utilities and furniture are included so that you can calculate your budget accurately. You May Need a Cosigner Young apartment hunters are often discouraged to find out that they are not able to rent on their own without proof of income. Lots of properties require students to have a cosigner — someone with a proven income who will need to pay your rent if you cannot. Anyone you know who trusts you could potentially perform this function for you. If you’re lucky, the landlord will release your cosigner from his responsibility once you’ve shown that you are committed to paying your rent on time. Do You Have Pets? If you have any pets, you need to be very clear about this with anyone who shows you an apartment. Depending on the building’s rules, you may or may not get away with having a small animal. Although this can seem like a lot to think about, do your research thoroughly and you have nothing to worry about.