Things You Don’t Expect When Renting Your First Apartment
Moving into your first apartment is an exciting step into the adult world. But there are many new aspects of apartment living that can hit you unexpectedly. Although you can’t be prepared for everything life throws your way, here are a few things to know when renting your first apartment.
1. Not all apartments are pet-friendly
Not every apartment you look at will allow pets. It’s important to ask the potential landlord what the pet policy is. On the other hand, apartments that do allow pets often ask for additional deposits or monthly fees tacked to your rent. This will be an important to know before you sign your new lease.
2. Unexpected expenses
When moving into a new apartment, there can be unexpected expenses. Most apartment complexes and landlords will require new tenants to pay a first and last month’s rent in advance. They can also require a security deposit. These extra payments are used in case the apartment is damaged, or you try to skip out on your last month’s rent. Either way, you can be expected to pay a good sum of money right off the bat so it’s important to save up.
3. You’ll have to compromise on space
Renting your first apartment means you finally get to have your own space! But don’t expect there to be a lot of it. Many spacious apartments can come with a hefty price tag.
4. Prepare for paperwork
Moving in to your first apartment will lead to a mountain of paperwork you’ll need to read and understand. Not only will you likely be required to provide your landlord with pay stubs, tax returns and bank statements, you will also have to understand your lease.
This binding legal document isn’t something to just skim through. It will outline all of the details of your rental agreement. Make sure you take the time to read all of the fine print before signing your name on the dotted line. As you look to rent your first apartment, be sure to ask a lot of questions and do your research.