Apartment hunting can be stressful. Whether you're just starting out on your own, or you're downsizing after the last child moves out, you want to make sure you get the perfect apartment. To make sure you find the apartment that's best suited for your needs, you should make sure you're prepared before you begin your search. Here are four steps you can take that will help take the stress out of apartment hunting.
Make a Budget
Sit down and make a realistic budget. Be sure to add every expenditure you have each month – including money you spend on extras such as dinners out or other activities. Once you have a realistic budget, you'll know exactly how much you can afford to spend on apartment rentals. When looking at apartments, limit your search to the apartments that fit in your budget range. This will prevent you from falling in love with an apartment you can't afford.
Identify the Features You Want
Once you know your budget, make a list of the features you want your apartment to have. This list should include those features you insist on having and those that you would simply like to have. Keep the list nearby so that you can refer to it when making appointments to view apartments. If certain apartments don't satisfy your desired features, you can mark them off your list. This will help you narrow your field down.
Know Your Credit
Most property management companies will run their own credit check when you hand in your application. However, if you're already familiar with your credit report, you'll be able to explain blemishes that might exist. Not only that but if you run your credit check before the property management company does, you may be able to repair small problems before you submit a rental application.
Gather Your Paperwork
The last thing you want to do is lose out on the perfect apartment because you don't have your application packet completed. As soon as you start looking for an apartment, be sure to gather all of the papers you'll need for the verification process. Some of the papers you should gather include the following:
- Pay stubs
- Letter of employment from current employer
- Tax return
- Reference letters from previous landlords
If you're looking for an apartment, you want the process to be as painless as possible. Use the suggestions provided above to help take the stress out of apartment hunting. Using a realtor like those at Advanced Realty will help too.