When renting an apartment, there are a few common mistakes that people make. Long-time renters are aware of many of these mistakes. However, there are some things you should avoid in order to get the most value for your money. If you’re new to renting, keep these tips in mind when you’re looking for an apartment. For example, don’t sign a lease if you don’t like the neighborhood or you discover unsafe conditions.
Common mistakes first-time renters make
First-time renters often overlook some basic considerations when searching for the best apartments for rent. These mistakes can cost you a lot, so make sure to avoid them at all costs. By following these tips, you can avoid making the most common mistakes first-time renters make when renting an apartment. Listed below are 10 things to avoid when renting an apartment:
Not reading the lease thoroughly. Apartment leases are lengthy and full of legal jargon, so make sure to read them completely before signing. Be sure to review the rent amount, deposit, and rules for tenants. If you notice any mistakes, do not be afraid to ask for them to be changed. Just make sure you get them in writing! After all, if you can’t live with the current terms, there’s no reason to stay in the apartment forever.
Take photos of the apartment before moving in. These pictures will protect your landlord from any future problems, including a late security deposit. When possible, visit the apartment in the evenings to check for problems. Don’t forget to ask neighbors and talk to current residents to find out if they have any complaints or suggestions. Remember, there are no guarantees when renting an apartment, so you don’t want to become another Mills couple!
Monthly expenses
Before renting an apartment, it is important to calculate your total monthly expenses. This includes rent, utilities, first and last months’ rent, and any pet deposits, if applicable. In addition to these costs, renting an apartment usually includes utility bills for your home. While these costs may seem small, they can quickly add up. Proper budgeting will help you avoid making costly mistakes like overspending and not having enough money to go to the gym or to other activities on the weekend.
For some people, living with roommates reduces their monthly expenses. For example, two roommates could split the cost of cable every month by splitting the cost between them. Depending on how much you earn, a $1,000/month apartment could be affordable if you are earning $3,000 a month. Another good rule of thumb is to set aside 30% of your income for rent. This way, you’ll have extra money left over for other living expenses and your financial goals.
Reporting unsafe conditions to the landlord
If you notice an unsafe condition on your rental property, you have a legal right to notify your landlord of the problem. However, you must be sure to give them enough time to remedy the situation, which may be 45 days or more. You can also contact your local health department, who can fine the landlord if they don’t make the required repairs. While it may be uncomfortable to call the landlord, it is important that you follow the rules of the law to protect yourself from any repercussions.
You can report a variety of conditions, from a broken lock to a lack of heating in the winter. You can also report a lack of working plumbing and garbage removal. These conditions may be serious enough to cause you to withhold your rent. If you have any doubts, you should speak with a lawyer. A lawyer can help you decide what to report to the landlord, so you can avoid future headaches.