If you’re on a budget finding an affordable yet safe apartment can be a challenge. While there is no shortage of city dwellings finding a space that does not eat up your entire paycheck can feel like finding a needle in a haystack.
Finding an apartment doesn’t have to be so frustrating. You will just have to be willing to shop around and ask the right questions. Here are a few tips on getting the most for your money during your next apartment hunt.
Keep Your Eyes Peeled for Construction
Because the number of American renters is increasing dramatically you might see new apartment complexes popping up around your city. New complexes will often offer specials or price breaks to first-time tenants. Managers want to occupy the new spaces as quickly as possible to start earning a return on the investment and often have more room for negotiation when they are on a deadline to lease the entire building. It doesn’t hurt to ask!
Make a Checklist of Amenities
When thinking about the financial burden of apartment living there is more to consider than just rent costs. It is important to evaluate all of the additional perks offered at each location. Amenities can include things such as average utility costs, parking, laundry, gym, and pool. If you’ve narrowed your search to two or three apartments take a deeper look at what each complex has to offer in terms of amenities. Complexes that offer things such as a workout facility or in-unit laundry could end up saving you quite a bit of money.
Develop a “Rental Resume”
Landlords have rental properties because they want to make money. This means they are committed to finding responsible tenants who will pay rent on time and take care of their properties. Consider keeping a copy of your professional resume, a copy of your credit report, a reference letter from your current or most recent landlord, employment verification, and a brief summary of yourself and your lifestyle. This collection demonstrates responsibility and preparedness and puts your best foot forward. The more responsible you appear, the more likely you will be able to land or negotiate a good deal.
Ask for Help
There are lot of rental agencies that will be willing to help you. Most rental agencies collect a small fee if you end up signing a lease. This fee will typically come out of the landlord’s pocket and is no expense to you. If you are looking for an apartment in a very large city like New York, try a leasing agency like Corporate Habitat. This agency will assign you a personal assistant committed to helping you find the right space. It’s a great option for you because time is money and having a trained professional help with the process can be a huge relief.
As you can see, finding the right space just takes a little time and thought. Follow these four apartment-hunting steps and you will be sure to land your best deal yet!