Whether you’re relocating for a new job, or because your current lease is up, it’s not easy to decide where to move to. If you’re looking for an apartment rental, there are many things to consider, especially if you plan to live in the apartment for a long period. The top five things to be aware of are the size of the apartment, ease of access, residency, neighborhood and the lease details. If you find a place that rates satisfactorily in these areas, you have found a good fit for you.
Apartment Size & Amenities
You must take a serious look at your lifestyle to determine the amount of space that you will require to live comfortably. It may be important for you to have more than one bedroom and multiple bathrooms. Perhaps a single bedroom and a larger kitchen and living room are your cup of tea. Narrow your search to only those apartments with the number of bedrooms to eliminate those that would never work for you. Secondary to the size of the apartment are the amenities such as a balcony, patio, common areas for residents or features that you would like to have, but could live without.
Ease Of Access
Many apartments in larger cities are in high-rise buildings. That means either having to climb several flights of stairs or taking an elevator up and down. If you have any mobility issues, it’s especially important that there is easy access both in and out of the building. In addition to building access, it’s imperative that there is adequate access to common areas. Finally, the apartment building should be located within a comfortable distance for you to travel for work, dining, shopping and entertainment.
The makeup of the residents
The average age of the residents in an apartment building can vary widely. In some areas, you’ll find that there are more families with young children, while in others you’ll see mostly adults. Ask about the age and general makeup of the current residents to determine whether it’s a good fit for you. If you are a quiet professional, it may not bode well for you to move into an apartment building full of children.
Type of neighborhood
Commercial districts offer many opportunities for apartment rentals, but it may not work for every type of person. These areas tend to be very busy during the day with vehicles and people shopping and doing business. Very often these are also the places that are closest to the night life activities that cities offer. Those that prefer a quieter, more residential feel may not find these areas as appealing and should opt for a quieter area. Take the time to walk the neighborhood during the day and evening so you can get a feel for it and to familiarize yourself with the sights and sounds.
Lease Length and Cost
Of course, it’s also important to evaluate the details of the lease agreement for any apartment. In most cases, your lease period will be twelve months, however, it could be longer or shorter. Be very aware of this and understand that you are responsible for the rent payments for that full period of time. You also may be responsible for utilities such as gas, electric, cable and internet. The monthly lease payment and the additional bills should fit comfortably into your monthly budget without upsetting your financial situation. A good rule of thumb to follow is for your housing costs to not exceed 28% of your income.
If you’re ready to relocate and you’re looking for a new apartment, Wood Partners would like to invite you to come and live with us. With beautiful locations across the country, we have apartments to suit every taste and lifestyle. Feel free to contact us if you have any questions about any of our unique properties.