Whether you have just graduated from college or feel you have outgrown your parents’ home, at one point in time you will have to take part in one inevitable rite of passage into your adulthood; renting that first apartment. Unfortunately, finding your new set of digs is not very easy, mainly if you have never done it before. What is the process? Where should you look? There is no reason to fret because this article will teach you a huge bunch of what you need to be conversant with when it comes to the basics of renting an apartment in the Park Shore real estate market. By the time you are done reading, you will know how to get a place you can call your own.
Where Should You Look For an Apartment?
By now, you already have your dream pad fleshed in your mind. You have probably started visualizing furniture placements, but you have not paid much attention to where the apartment will be. Fortunately, all thanks to the power of the web, there is a constellation of options for you to start your hunt. Some of the places you could consider looking for apartments are; apartments.com, craigslist.org, zumper.com, and rent.com, to mention but a few.
You could browse apartments on these websites within your desired price range and within specific neighborhoods. However, you should always be on the lookout for potential online scams when looking for anything on the internet. You should never share your personal information upfront before you have seen the apartment. If you are quite unsure of the neighborhood to start your search, begin by inquiring from family and friends. Some might be aware of a specific building you will like which has a few vacancies.
If you receive recommendations for a neighborhood, you have never spent a lot of time in, set a day aside to drive out and probably walk around a bit. You can easily get the feel of most neighborhoods pretty much quickly, particularly when you are exploring it on foot. Also, some buildings do not bother advertising their vacancies online and will post the signs outside.
What Should You Consider Before Renting?
While looking for your dream apartment might seem to be the most natural part, there are numerous aspects you will need to take into account in the process. Where you choose to live could affect your mood and environment, in addition to your finances. In the long run, you want to get the right apartment for your needs to make a point of considering these aspects:
• The apartment type: What type of apartment are you looking to rent? Is it a one-bedroom apartment or a studio apartment? You will need to be clear about what the ideal apartment seems like for you and be flexible for the kind of apartment you want. Look at aspects like natural light, square footage, parking, amenities and more.
• The neighborhood: Every neighborhood in Park Shore condos for sale has a personality of its own, and you will want to find a community which jives well with your values and lifestyle. Are you looking for the more urban or suburban setting? Do you like culture and arts, or anything that is close to nature like a park? Think about the kind of neighborhood you want and you will understand how every area is different. Ultimately, the type of community you will select could affect how much you will end up paying in car insurance as well as renter’s insurance.
• Property management: A majority of apartment complexes usually have property managers who are there to handle any issues the residences may face. In some instances, these managers will even live on site. Look at reviews online for the apartment’s property management company and make sure they have your best interests at heart. Tenants will always have something to say regarding their management.
Applying for the Apartment
You have now found your dream apartment! What next? It is now time that you applied for that apartment. First, you will need to get an application form from the landlord or the property management company and fill it out in the shortest time possible. Good apartments will easily run out of vacancies so you will need to complete your paperwork as soon as you receive your application form. Usually, you will need to fill out your personal information and provide specific documents to accompany your application. As part of the application, you might need to provide: bank statements, employment history, pay stubs, rental history, and an application fee.
Ultimately, the documents you provide could aid in proving that you are viable to rent the apartment. Most landlords want to know that you have a stable income, employment, good character references and that you will be an excellent fit for their apartment. However, just because you have applied for an apartment does not necessarily mean that you will get it. In some instances, your application could be denied because of insufficient income or your credit. Make sure you are conversant with all the eligibility requirements before you can commit to paying the non-refundable application fee.
Getting an Approval
After you have submitted your application and all the necessary documentation, you now sit back and wait. Getting approved to move into your new apartment could take some business days depending on what the apartment requires or the procedures they must undertake. Once your application is approved, the property management company or landlord will give you a call to inform you about this.
For you to secure this apartment and now have it as your own, you will need to place a security deposit, which is mostly equal to one month’s rent. However, depending on the management company, this deposit could be less or more than your monthly rent. This security deposit will be held in case there is damage to the property at the time you move out. If you leave your apartment in good condition, you will most probably receive your full deposit. If not, a portion or all the deposit will be held to cater for the costs.