Getting your first apartment is an exciting step in life but can be overwhelming. You have bills, utilities, rental insurance to consider monthly, and one-time fees like application and move-in costs.
And there’s nothing worse than finding your dream abode to discover it doesn’t have the walk-in closet you thought it did or has a funky smell. Here are some rookie mistakes young people make when renting an apartment.
Not Taking the Time to Look In Person
Often young people need to see it in person before renting an apartment. It can be dangerous, especially if the landlord sends you false photos or is even a scammer in disguise. If you cannot view the apartment in person, try to schedule a video tour with the landlord or at least ask for more pictures – don’t be afraid to ask. Fraud is underway if the landlord requests that you wire them money. Thus it would help if you stayed away from any circumstance where this occurs.
If you are moving with roommates, be sure to communicate with each other well about the space and what will work and what won’t. Make sure you and your roommates agree on living expenses, chores and how visitors will be treated. It is also a good idea to run through references and have everyone get a credit check before signing rental agreements or contracts.
Not Having Everything in Writing
Today, Saratoga is renowned for its ability to retain a small-town atmosphere and for having many upscale eateries and wineries, a high standard of living, and a long list of notable residents. Popular neighborhoods for folks wishing to move to Saratoga include Greenfield Center, Schuylerville, Malta, and others. Moving out from Saratoga gives locals access to construction sites, more intimate, smaller schools, and a stronger sense of neighborhood. When you first start renting apartments in Saratoga Springs NY, many things come into play. It is easy to get caught up in the excitement of becoming a tenant and overlook crucial details that can ultimately cost you in the long run. If you are a first-time renter, it is important to make sure you have everything in writing before signing a lease. It will ensure the landlord has all the necessary information about you, including past rental history and credit checks. It will also give you an idea of what to expect moving forward, such as when your rent is due and any policies on late payments.
It is also important to remember that renters must have enough money to cover living in their new homes. It includes furniture, cooking utensils, cleaning supplies and other necessities. Walking through the apartment several times to ensure you have all the items is also a good idea.
Not Checking References
Getting into your first rental apartment can be scary and exciting at the same time. You want to ensure your new place is safe, affordable and the right size for your lifestyle. To guarantee that tenants pay their rent on time, landlords and letting agents frequently check credit references. On the other hand, a credit check can only reveal some of your renting history. These can include smoking, using hard drugs or having critters in your home.
When renting an apartment, many people turn to family members or close friends as personal references. However, these people may be too biased to offer an objective opinion. Also, it is not unheard of for someone to give a fake consideration to get into a place. It is why it is best to only list former landlords as valid references. In addition, it is wise to research and verify the name and phone number of the reference by using public records.
Not Having Your Security Deposit Money on Hand
Depending on where you reside, a security deposit could be as low as a few hundred dollars or as high as more than one month’s rent. Not having the money can make an apartment impossible and even disqualify you from getting the desired place. It’s important to know what you want before you start looking. If you don’t, it’s easy to get distracted and end up with something less than ideal.
It’s also a good idea to save enough money to cover the security deposit, application fees, and other expenses. You don’t want to be caught off guard and have to resort to credit card debt or other emergency funding methods. Having cash in hand will show that you’re serious about renting, and you’ll be less likely to miss payments, which could damage your rental history. Also, having the money upfront will allow you to avoid paying late fees or penalties that can add up quickly.