3 Things First Time Renters Need to Know

3 things first time renters need to knowYou’ve saved up to move away from home for the first time, and now not only do you have to find your new home, but you must be prepared for moving into a new place.

Here are 3 things first time renters need to know.

1. Stay on Budget

Don’t rent an apartment that is more than you can afford every month. A good general rule is that your rent amount should be no more than 30% of your monthly income. When you rent your own place, making sure to pay your rent on time should be your first concern.

2. Rent is Only the Beginning

Well, the beginning is really finding the right apartment home, which apartment reviews can be really helpful with, but once you settle on a new place there is so much more than rent to think about. There’s utilities like electric and water, services like cable or internet, and food – yes, someone has to actually buy the groceries.

first time renter3. What to Do When You Move In

I don’t like paperwork; you probably don’t like it either, but you’re going to have a rental application, the apartment lease, maybe even amenity usage agreements and more. If you’re going to rent any appliances, like a washer and dryer, there’s more paperwork. But one of the most important papers you need to review, fill out, and keep a copy of is your move in inspection. Go over your new apartment with a fine toothed comb and make note of anything that isn’t to your satisfaction. The landlord will either fix it, or you will have evidence it was a problem when you moved in so you can get back your security deposit when you move out.

What other things do first time renters need to know? Find us on Facebook and Twitter and share your tips.

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