10 Questions to Consider in Your Apartment Search


1. How to be a qualified renter
Rentals move fast, much more so than listings. Since there is often a high demand for rentals - especially ones that are that are clean and affordable - you’re more than likely going to face some stiff competition in your apartment search. In order to put yourself in the best vying position, you need to be sure that you present qualities that make you look like a good tenant. According to James McClelland of Chicago-based rental property management firm Mack Cos, some of the things that landlords consider are: income, length of employment, credit check, background check, number of applicants, and number of pets. Landlords want assurances that you have enough money to cover the lease and will presumably continue to have that income. They want to know that you have a history of paying your bills on time and that you will take care of their space. If you find that one of the areas listed above may make give you trouble, there are a few things you can do. Find stable employment or a co-signer who has a consistent source of income. Start paying your bills on time and pay down as much of your debt as possible. Consider finding an alternative home for your pets.
2. Consider who will be on the lease
Having a roommate in your new apartment has its pluses and minus. On the one hand, it certainly lowers the overall cost of the space, since you’ll only be responsible for paying a portion of the rent and utilities. But, on the other, if you are both on the lease and your roommate doesn’t pay, it could leave you with all of the financial burden. If you and your roommate both intend to go on the lease, make sure you choose a person to live with who exhibits all of the good renter qualities listed in the article linked above. Be sure that it is someone that you trust enough to not to default on the payments. The other option is to only put one of your names on the lease. This might be the best course of action if one of you has a less-than-stellar financial history. However, if you choose to go this route it’s wise to have a serious discussion beforehand about how much rent they will be expected to pay, what date you need to receive the money by, etc.3. Determine when you'll be ready to move
Once you feel that you are ready to be a tenant, you need to be certain of when you’ll be able to move. Since landlords often depend on rent as a source of income, if given a choice between renters, they’ll often choose the one who is able to move in the soonest. You don’t want to fall in love with a space only to find that you are unable to move. If you’re currently living in a rental, be sure to read your lease carefully to determine when you’re able to move and how soon prior to that date you’ll need to give notice of your departure. In the event that you are currently living with roommates, you’ll also want to discuss your intended move-out date with them in case they will need time to find a replacement. Start looking for new apartments two to months prior to the end of your lease. Get a feel for the areas where you’d like to be and look at potential listings. Then, when you are six weeks out from the end of your lease, start setting up viewing appointments.
4. Get a feel for the apartment's location
A crucial part of what to look for in an apartment is the location. Think about what you need in terms of location for your new apartment and then tailor the listings you go to see accordingly. Do you need to be within walking distance of public transportation? Is the commute to work manageable? Would you prefer to be close to shops and restaurants? Beyond the apartment building itself, make sure to take the apartments surrounding area into account. Is the area one where you’d feel comfortable walking alone at night? Is there a grocery store and laundromat nearby? Once you find a few listings that meet your needs, the best way to get a feel for the location is by spending time there. Make a few visits to the area at varying times of day. Find the stores you’ll know you’ll be needing to use most often and make a note of the travel time.5. Take note of the building's condition
When you finally get to the part of your apartment search where you get to see the space, take note of the building’s condition. The condition of the building is indicative of the way the landlord treats the space and, by extension, their tenants. Are there any visible signs of the exterior needing repairs? Is the lawn maintained? Are the common areas and hallways clean? Can you see any appliances that are out of order? How long ago was the apartment's decor updated? Think about how you feel walking through the building. If you see anything that seems like it’s seen better days, take that into consideration as you make your final decision. If you have the opportunity, reach out to some of the building’s current tenants. Ask them how they feel about living in the apartment and if they would recommend you do the same.6. Figure out what amenities you really need
As you’re looking for apartments online, it’s tempting to focus your search on the flashy, luxury buildings that offer their residents tons of amenities. After all, who wouldn’t want access to a 24-hour on-site gym and in-ground swimming pool? But, in most cases, the amenities often end up costing more than they are worth. Amenities might be on your list of what to look for in an apartment, but you probably don’t need all of them. Think about what amenities are truly necessary for you and which would just be a nice benefit. Do you need a parking space for your car? Would you feel more comfortable if the building had security on staff? Then, revise your search for buildings that include those items. When you look at apartments, be sure to question the cost of these features. While some complexes may include the fees in the monthly rent that’s advertised, others may consider it a separate charge. Also, ask whether participation in these services is mandatory or if you would be able to pick and choose only the amenities you’re sure you’ll use.7. Look at the total monthly bill
Obviously, the cost of a space is going to be a huge factor in deciding which apartment will be your new home. You want to make sure you can afford the amount that you’ll need to pay to the landlord in monthly rent. However, in addition to rent, you need to consider utilities such as water, sewer, trash, electricity, and heat. When talking to a potential landlord, be sure to ask which utilities will be included in the monthly rent and which will be a separate charge for you. Get a figure for how much the current renter usually pays in utilities. Inquire about the process for paying bills. Will they be mailed to you directly or will you pay the landlord? Double check what day of the month these payments will be due and check if any additional fees will be accrued for late payments.


