I'm trying to rent an apt or a townhouse, what loop holes should one watch out for?

Question

This is my first time out of the house since college (on campus living)... and I dont wanna have to return due to a mistake I've over looked. I dont wanna jump the gun either by leaving without knowing evertyhing possible.

Answer 1

Find out what utilities are included (internet, phone, gas, electric, etc)

Answer 2

Renting your first apt can be pretty scary - and it'll only take a few months of kissing that money away before the reality of it all sinks in!

You should ask some of the basic questions - what's included in the rent?  Are heat and water included?  Cable TV? (If you're lucky!) Also, are pet's allowed?  Or, if you don't like pets - find out if your neighbors have any.  You may not want to live next to someone with noisy pets.

Check around your area and surrounding area - is it cheaper to live in a nearby town and commute?  In my area which is a small town, rent ranges from $350 - $700.  Based on the avg house around here, $700 is pretty pricey for just renting.  Sometimes it's better to forgo the fancy townhouse (unless you have roommates) and opt for a smaller, cheaper apt.  Remember - 30 years of paying rent and you're still paying.  30 years on a mortgage, and it's yours.  If you can do it, rent cheaper and save your money so you can live out the american dream someday!  Unless of course you live in a bigger city where rents can be pretty steep, then find a roommate that you can depend on.

That's another question to ask yourself - will you be living alone or with someone?  Sometimes it can be pretty risking moving in with a close friend.  Make sure they are reliable to pay their share, and set up rules when you each have dates over, or who does the dishes and when - you don't want to step on anyone's toes and end up losing a friend.

Another thing to do - make a list of bills you will need to pay along with the rent.  This can include a phone bill, cable tv, electric, gas, garbage.  If you don't know, ask another renter out of the same building, or ask anyone else you know who has an apt.  Bills on top of rent can all add up, and it can be pretty hard (if not depressing!) getting started and used to it all.

Just take your time, look around, fill out some applications.  You can always say no if it doesn't fit your price or lifestyle!  Good Luck!

Answer 3

Find out if there is a security deposit and first month's rent required up front!Some places want both!I know because I rented before.However,I am so glad I don't now!I just bought a house last summer.And I will Never live in a apartment compleX again!Ever.The one I lived in before was just crazy.But that is a completely different subject!Good-Luck to you!