Graduating from college may signal the end of academic study, but it also equals many new beginnings. For many grads, one of these beginnings is finding an apartment that’s not part of the college campus system. If you recently finished school or will soon, review the following mistakes graduates often make when they are searching for apartments. Being ahead of the curve will save you time and headaches.
Avoid These Mistakes With Your First Apartment
1. Forgetting to Acquire the Right Documents
Apartment complex managers and landlords generally require several documents before they allow you to move into a unit. Gather what you need before you start looking, such as a job offer letter or pay stub, bank statement, and letter of recommendation.
2. Going Over Budget
Rent shouldn’t use up half of your income. According to Realtor.com, your annual income should equal your monthly rent times 40. Too many young people new to apartment living forget about expenses because they are so excited to live on their own or with their best friends. Make a list of your expenses relative to your income, including rent, utility and phone bills, student loans, food and personal care items, television and internet, gas and car insurance, and health insurance. This will help you avoid struggling every month.
3. Not Seeing the Apartment in Person
Apartments may look beautiful online, but that doesn’t mean you’ll think the same in real life. Visit every apartment you are considering in person to get a feel for the place in addition to what it actually looks like. Don’t choose an apartment based solely on looks, either—especially if it’s in an older building. Find out the age of the plumbing and electrical systems, whether lead paint was used, and the last time the windows and appliances were replaced.
4. Skimming the Lease
Skimming apartment leases leaves too many recent grads in unpleasant situations. Read over your lease carefully, as some complexes do not allow pets or charge exorbitant sums for apartment damages or breaking the lease early.
5. Skipping Renters Insurance
Recent grads often try to minimize costs and forego renters insurance. But this insurance covers everything you keep in your apartment in the event of a fire or flood in addition to vandalism and theft, all for a minimal monthly expense.
Find your dream apartment through Buckner Properties, the local property management company serving residents throughout Putnam County, TN. Apartments include one-, two-, and three-bedroom options as well as townhouses, condos, and single-family homes. Call (931) 526-2104 to speak with a representative today or view apartment rentals online. Like the Facebook page for more apartment living tips.