What to Think About if You’re Renting 

So, you’re apartment hunting and have found a place where you can see yourself living and renting for a year—or perhaps more. Here are some things to think about if you’re contemplating signing a lease.

The location

Maybe your dream apartment happens to be in a neighborhood you don’t frequent. Before you make a decision, check out the area if possible. Can you see yourself living there? How far is it from your friends and usual activities? What will your commute look like now? Are you close to the laundry? Groceries? If not, how long will it take to get to these things? 

Lease length

Are you signing a one-year lease? Two-year lease? Or is it month-to-month? Understand how long the lease is and the terms, and think about whether you’re willing to stay that long—maybe you have plans to move to a different city in a year, or you want to get a big place with your friends in six months. 

Questions to ask

Apartments can come with plenty of quirks that aren’t immediately apparent, but asking questions can give you a clearer idea of what it’s like to live there. It can help to come prepared with a list of things you want to ask. Questions might include:

• When is garbage pickup, and where should you put your trash? 
• Which internet companies service the apartment? 
• What do utilities usually cost? Do you pay them separately or are they included in the rent?
• Is there a mail room where you get your packages? If so, what are the hours?
• When is the rent due? What happens if it’s late? Is there a grace period?
• Are you allowed to have pets?
• Who do you call when something needs to be fixed? 
• Are you allowed to paint, make improvements, etc.?
• Is there an elevator?

It may also be worth asking if they can budge on anything, like lease length or monthly rent, or if the move-in date is flexible. 

How much money you need

Getting an apartment typically requires more than the first month’s rent. There’s usually a security deposit, some landlords ask for the first and last month’s rent, and there may be other fees. Make sure you understand how much you need and know whether you have enough to cover these costs.

Move-in logistics

When can you move in? Is it the first of the month? How do you pick up the keys? Once you figure out these specifics, it’s time to decide how you’ll move your stuff. Will you hire movers or handle things yourself? Ask if there are any rules or restrictions on moving in. For example, you might only be able to move in during certain hours due to noise issues. 

Taking pictures

Take pictures before you even move in to show the apartment’s condition. Later, when you move out, remember to take photos again. These sets of photos can work as proof of the apartment’s condition if there are issues or questions. 

Updating your address

Moving means you need to change your address with relevant parties. Make a list of everyone you need to notify, including family, your employer, any utilities, the auto insurance company if you have a car, the life insurance company if you have term life insurance or other type of policy, any doctors, the DMV, credit card companies, lenders, and banks. 

Settling in

Once you’ve moved in, take some time to settle and get used to your new space—renting an apartment and moving in is an accomplishment. So, relax and enjoy your space!