How College Seniors Can Prepare to Get Their First Apartment
Posted By: Kara Masterson on February 04, 2020 |
While in high school and college, you need to think about the future, including renting an apartment. Many landlords are becoming more particular about renting to tenants to avoid problems in the future that will lead to needing to evict someone. Here is how you can prepare for renting an apartment while you are still in high school.
Get a Part-time Job
You can get a part-time job to begin earning enough money to save for the fees that are associated with renting an apartment. Depending on the area that you live in, this amount of money could be hundreds or thousands of dollars. You may need to pay a deposit along with the first month’s rent, but some landlords have other fees that are required. In addition, utility companies can charge a connection fee or a deposit fee so that you have electricity, water and natural gas.
Establishing a Credit History
When you are working, it will help to establish a credit history, making it easier to rent an apartment. It is important to maintain a checking account carefully so that you don’t have overdraft fees that can ruin your credit rating. If you are able to get a credit card, then you must pay off the bill each month to continue improving your credit score.
Learning More about Apartments in Your Region
To learn more about the rental properties in your city, you should read apartment listings. This will help you to understand more about the costs that are associated with renting an apartment.
Some apartments include extras, such as having a parking space for a vehicle or paying for the utilities. If an apartment building is offering tours, then you can look at the apartments to begin learning more about what you want to rent when you are ready to move out of your parent’s home.
If you want to live in your own you want to make sure you take your budget for the region you are moving to. The rent in your hometown may be cheaper or more expensive than where you are wanting to work or study at. You may want to get a roommate to split the costs. You may be surprised that you can afford to live alone. Do your research before you make a decision.
Having the Documents Required for Renting an Apartment
When you want to rent an apartment, you will need a stack of documents to give to the landlord. You might need to provide a birth certificate to prove your age along with a driver’s license or a passport to prove your identity. A landlord can request proof of your income, so you can bring along copies of your paycheck or a letter from your landlord. Today, most apartment managers or private landlords also require a criminal background history report so that they aren’t renting an apartment to an unsavory tenant.
Last, you are going to need basic furniture for an apartment, and if kitchen appliances aren’t included, then you will also need a stove and a refrigerator. Take the time to visit appliance and furniture stores to learn more about the cost of these items so that you can save enough money for the essentials.
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