It can be stressful for college students to try to rent their first apartment. There is a lot that they need to do in order to find the right apartment to fit their needs. If you are looking for your first apartment, avoid these common mistakes that many college students make.
Waiting Until The Last Minute
A lot of students will begin their apartment search even before they graduate from high school. This is because it can take some time to find the right apartment. It is not uncommon for inexpensive apartments or ones in a desirable area to get rented quickly. If you are wanting to find a decent apartment with reasonable rent, you shouldn’t wait until the last minute to begin your apartment search. Once you find an apartment that you want to rent, be prepared to put down a deposit. Don’t wait to do so as the apartment might not be available to rent when you are ready. Keep in mind that the landlord might want to do a credit check, make you or your parents provide pay-stubs and personal references.
Choosing An Apartment That’s Too Expensive
Since this is your first apartment, you probably want to live in a nice place. However, that generally comes at a higher cost. Young adults haven’t had a lot of experience budgeting before, and they often underestimate how much they will be spending on bills and living expenses. Before figuring out how much you can afford to spend on rent each month, have a parent or relative help you make a budget. They can help you determine how much a reasonable amount of rent would be for you to have to pay.
Falling For A Scam
Unfortunately, there are a lot of housing scams out there. College students often fall for them. If an apartment sounds too good to be true, then it probably is. Don’t put down a deposit before you’ve seen a property. Make sure that they are willing to provide you with a lease. Research rates of comparable apartments in the same area. If the rent is a lot cheaper, then it probably is a scam.