FAQ: Apartment Hunting Tips?

How do you prepare for apartment hunting?

Know Your Budget Before You Start Apartment Hunting

  1. 50% on fixed needs – think rent, utilities, and transportation.
  2. 30% on daily expenses, such as eating out, shopping, and other miscellaneous habits.
  3. 20% on long-term financial goals, e.g., debt and retirement.

What should I look for in an apartment walkthrough?

Here are some of the things you’ll want to look for during your apartment walkthrough.

Security

  1. Check the locks. Do they all work?
  2. Ensure there are smoke and carbon monoxide detectors. Test them to ensure they’re on and working.
  3. If there’s a security system, make sure it’s functioning.

How can I increase my chances of getting an apartment?

Here are five tips for improving your chances of securing the apartment you’re looking for.

  1. Establish a Solid Credit Score. Credit scores reflect your history of paying bills on time.
  2. Make Sure You Have Renters Insurance.
  3. Be Prepared to Pay a Security Deposit.
  4. Ask if Pets are Allowed.
  5. Screen Roommates Carefully.
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Should I dress up for an apartment viewing?

Viewing an apartment doesn’t require formal attire, but don’t show up in street clothes. Avoid clothing with holes, rips, cuts, wrinkles and stay away from tight or short items. You should look clean and presentable so professional or business casual attire is best.

Why do apartments list a price range?

Every individual unit in the apartment complex has a set price/flat amount already determined. If you want to rent unit 312 then you can (for a fixed predetermined price). But if there is a range, that means they have multiple units available and the range reflects the range for the units available.

How much money should I have saved before I get an apartment?

A popular rule of thumb says your income should be around 3 times your rent. So, if you’re looking for a place that costs $1,000 per month, you may need to earn at least $3,000 per month. Many apartment complexes and landlords do follow this rule, so it makes sense to focus only on rentals you’re likely to qualify for.

What do apartments look for during inspections?

A routine inspection involves a landlord, maintenance worker, or property manager coming to your apartment and walking through it. They usually look for, and take notes on, any damages to the unit, changes made to the interior, or alterations to the outside of the property.

What do you say when looking for an apartment?

Ask these questions while apartment hunting to avoid finding yourself in a bad situation.

  1. What are the lease terms?
  2. What does it cost to move in?
  3. Are utilities included in the cost?
  4. What’s your pet policy?
  5. How about your guest policy?
  6. Do you require renters insurance?
  7. How do I pay the rent?
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When should you do an apartment walkthrough?

But before you sign the lease and move in, you should do a walk-through with your landlord or a rental agent. It’s important to be observant during apartment walk-through so you can spot any damages before moving in and receive the full amount of your security deposit once you move out.

Is getting approved for an apartment hard?

If you have bad credit or no credit, it may be more difficult to get approved for an apartment, but it isn’t impossible. Ask the property manager or landlord if you can pay a higher security deposit, get letters of recommendation, or ask someone to cosign for you.

Do apartments call your employer?

Landlords often use third-party screening services that provide credit reports and criminal background information on potential tenants, but when it comes to employment checks, landlords might directly call your employer.

Can I get an apartment with 500 credit score?

Apartment tenants often have lower credit scores than those seeking a mortgage, but landlords still have to assess risk. If your credit score is too low, then more than likely you’ll be facing denial. According to Rentprep.com, the closer a tenant is to a score of 500, the more likely for denial.

How do I impress my landlord for viewing?

Bring the following information to your meeting with the landlord or property manager so you can fill out your application on the spot:

  1. References. Have a written list of at least three references.
  2. Past rental or residence information.
  3. Proof of ability to pay.
  4. Financial information.
  5. Pet data.
  6. Liquid funds.
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How can I make my rental application stand out?

How Can I Make My Rental Application Stand Out?

  1. Get organized before you start searching.
  2. Provide verifiable references.
  3. Submit a resume with your application.
  4. Address problems and offer solutions.
  5. Treat the inspection as an interview.

Can you apply for multiple apartments at once?

You can apply to and be accepted to multiple properties without ever leaving the site. One single fee: Rental application fee after rental application fee means big bucks out of your pocket.

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