Seven foolproof apartment-hunting tips
Apartment hunting can be very stressful, especially in highly sought-after locations. The minute you feel that you have fallen in love with a home and put in an offer, it gets swept up under your feet by a quicker or bully offer. In order to avoid this scenario, it is very important to prepare thoroughly, have all required documents ready and then once you find an apartment that fits the majority of your criteria, you have to be very decisive.
Most sought out markets can be stressful and confusing, but following these seven apartment hunting tips will improve your chances of landing one.
Stick to your budget
It is important to know your finances before you even start looking for an apartment. You have to be able to know what you can and can’t afford. Having a maximum price number that you are willing to go up to is very necessary to cut down on the amount of apartments you go looking for. This will also help you to research and help your agent if you do decide to hire one to show you around.
Research the neighbourhood
Once you have a preliminary rental budget, it is important to cut down the time that you spend looking substantially by picking the right neighbourhood based on your most important criteria such as budget, proximity to work, proximity to groceries, proximity to public transit, neighbourhood safety and proximity to other important amenities that you deem important.
Know availability and prices
Once you have a certain budget and neighbourhood in mind, get to know the average prices for apartments in that area. Real estate experts say that it is important to use websites such as TriStateArea.com to properly research what the apartment availability is and how much they are priced at for the neighbourhoods that are most attractive to you. With this information in mind, it will help you cut down further the apartments that you want to visit. It will also help you put an offer in that is not too low but also not too high. In the end, doing the proper research will help you save time and money.
Prepare all necessary documentation before
When renting an apartment, a lot of documentation is required upfront to validate your credibility as a renter to the landlord. If this documentation is not ready it could take a very long time to prepare and set a cost for your dream home. Some landlords require a long list of documentation such as a copy of your payslips, tax returns from the past couple of years, copy of your citizenship, a credit report and finally a list of references from your past landlords and employers. Some landlords might even require a guarantor who will vouch for you and take on financial responsibility if you start struggling to pay rent.
Google brokers or landlords
A lot of apartment rental scams are prevalent, especially nowadays where the internet is used as a primary source for conducting business. Therefore, it is important to know exactly who owns the property and read up reviews on them before committing to an apartment.
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