Whether you’re moving closer to your new job, or starting over in a new city, renting a new apartment can be equal parts exciting and nerve wracking. There’s a wide variety out there and it’s worth being sure that the one you choose is the best fit. Asking yourself the following 10 questions first will help you to determine whether you’ve made the best choice.
What Are My Long-Term Plans?
It’s important to set yourself a goal to aim for, even if it’s just a general idea. Consider how long you plan to be there; is it a stop gap or do you plan to settle awhile? Think also about what your main objectives are. Do you plan to save up to travel, or do you want to closer to work? Knowing these things can have a big impact on your decision.
Can I Afford It?
Renting a flat isn’t just about covering the rent each month. Initially you’ll probably have to pay a security deposit and estate agent fees, as well as a month’s rent in advance; a large chunk of money if you’re not prepared for it. Once you’re in, you’ll need to consider utilities, insurance and your day to day living expenses. Work out what you can afford in order to live comfortably, taking into account all of these costs.
Do I Want to Share?
Renting with a flatmate can reduce your costs massively, but can come at a price if you value your space. On the other hand, if you plan to live alone, you might have to compromise on size and possibly even location in order to fit your budget. If you do opt for sharing, think about who you would be happy to share with, remembering that best friends don’t always make the best flatmates.
How Important Is Location?
For some people, location is everything. Many people move to be closer to work, friends, downtown, or to get away from the city altogether. For other people, location isn’t as important as finding a place that’s cheap and can accommodate their more important needs. Whichever camp you fall into, it’s well worth scoping the neighbourhood out before deciding on an apartment.
Do I Understand the Lease Term?
As the first legally binding document many young adults ever sign, the lease term can be a bit daunting. It basically details the rules your landlord has set and reading through thoroughly will give you a clear idea of what is and isn’t allowed, typically including decorating or pets. It’s important to go through it, preferably with someone who has a little more experience, in order to be sure you know what you’re signing up for.
Will I Want Pets?
The need for companionship is a very human trait, and many of us satisfy that need by getting a pet. From dogs and cats, to snakes and rats, pets can encourage responsibility while increasing happiness. However, many landlords are wary of allowing pets, due to potential damage, smells and noise complaints. Be sure to check your lease term if you have a furry friend, or are open to the idea of getting one in the future.
Does It Matter If It’s Furnished?
Most of us seek out furnished apartments, simply because they’re much easier to just move into and go. Your circumstance may differ, perhaps you already have your own furniture? If you don’t, be aware of what moving into an unfurnished apartment entails. You’ll need to invest in your own furniture, move it in and arrange it; a process that can take some time and strain your finances at the beginning.
How Much Space Do I Need?
When considering how much space you’re going to need, don’t get bogged down into thinking you need to accommodate every possession you’ve ever had. Moving time is the ideal time to declutter, donate and sell your old junk and start fresh. Besides possessions, think about how much space you will personally need. If sharing, you’ll almost certainly want separate private spaces.
What Are My Priorities?
Think back to your long term plan and work out your priorities. Make a list of needs and wants, and select 3 absolute must haves; things that will make living there uncomfortable if you didn’t have them. Focus your attention on these must haves, and if an apartment doesn’t meet them all, seek elsewhere.
What Am I Willing to Compromise On?
On the contrary to your priorities, what are you willing to compromise on? If it’s important to be able to save up a lot of cash quickly, perhaps you’re not so concerned if the apartment is dated, or in a less favourable location. It’s very important to be flexible when deciding on an apartment and some form of compromise is almost always necessary.
