If you are near the end of your lease, you will have the choice between two options, to extend it or to find another apartment.
Let’s say you choose to move on and need to find another apartment starts, how do you navigate from this point? Well you have to be a good hunter. Clear and simple!
Our advice, start your apartment search early to find what is best for you and your family.
You have a lot to do when it comes to finding a new apartment. From research to identification of best apartment, neighborhood, schools and amenities.
Don’t feel overwhelmed or under pressure when looking for a new apartment, instead start looking for apartments using the tips below.
Start your apartment search months in advance
When is the right time to look for an apartment, you ask?
Usually, the time to start looking for an apartment should be between 30 days at 60 days before moving.
Consider these two scenarios:
- If you start the apartment search too early, you may miss the apartment when you move out.
- If you delay the search for apartment for rent, you might be a little too late to hit the jackpot for some of the best units available.
That said, if you know the top tips for finding the perfect apartment, you don’t have to worry about waiting until the last moment to search. apartment for rent.
When is the best time to start looking for an apartment in a calendar year?
There is no such thing as a great time to move, because anytime could be the right time. However, based on seasonal data, we can establish which months are experiencing rent increases and decreases.
For example, during the summer tenants with children can influence rental pricebecause they are looking to relocate when school is not in season. Plus, you barely see people moving around during the winter, as this time of year has already consumed a lot of discretionary spending.
It is also important to know that rental prices vary by location. Some places may experience higher rental prices than others.
Best hunting advice for apartments
Moving can be as easy as it sounds, until you realize it isn’t. You need to plan well in advance and put everything in place to avoid the last minute rush, which could be costly. Check out these top apartment hunting tips.
Budget for moving in and out
Whether you are moving in or moving into an apartment, the first thing that should be at the top of your list is budget. How much do you plan to pay for the rent on your next apartment?
This needs to be sorted out before rushing to make decisions. In addition, establishing the cost of living in the neighborhood you want to settle in is crucial to finding the right apartment. If you have trouble establishing it, use the rent calculator.
A rent calculator will give you an idea of how much rent you can afford and show you apartments within your budget and in the city of your choice.
The 50/30/20 rule is a set of simple guidelines on how to plan your budget. Using them, you break down your after-tax income into the following categories:
50% as needed
Needs are what you can’t live without, or at least very easily. This includes things like:
- Utilities, such as electricity, water and sewage
30% to wishes
Desires are what you desire, but you don’t have to survive. This includes things like:
- Dining out
20% to financial targets
This part covers things like:
- Debt payments
- Any savings, such as pension contributions and saving for a house
Determine your move-in date
Unless you have very little household items so that you can get into your truck and move, you will need logistics solutions. With that said, it’s important to contact a reliable moving company and book your move-in date.
In fact, some companies have made the move a lot easier. All you have to do is reserve a portable container, load your things, and let them know you’re ready.
The move-in date will have a ripple effect on other things. For example, will you be leaving your current job? What plans do you have in case you leave work?
It is wise to find another job before moving. You never know, it may take a while before you find another job in your new location.
Consider the amenities you want
You would like better amenities for your next apartment than the last, right? Come with a priority list must-haves. Needless to say, amenities can make or break your apartment experience.
Here are some tips on what equipment to watch out for:
- Functional devices
- Free parking
- Swimming pool
- Outdoor space
- Dressing room
Start visiting the apartments
To start tour apartments one to two months before the end of your lease.
Visit as many apartments as possible and compare the differences as you seek to find the perfect apartment for you and your family.
You can use the tips below when looking for an apartment:
- Proximity to your work
- Proximity to your child’s school or college
- History of crime in the neighborhood
If you are far from the end of your lease and need to move out, you should check the conditions for breaking a lease. Engage the owner about your plan.
Find out about the rental conditions
While you are apartment search quest, finding out about the length of the lease is as important as discovery the right apartment. After you’ve carefully scrutinized the apartment, it’s time to ask about the lease.
Take the time to examine it, whatever the circumstances. If necessary, ask for help breaking down the parts you don’t understand.
If you do not revise the rental agreement, you may be legally bound by a contract that you do not approve of. Otherwise, you could find yourself kicked out of an apartment for reasons you don’t know.
Also, try to understand the conditions for breaking a lease. Moving in is not the end, and a need may arise that will require you to move. Know the price to pay to break a lease so you can plan early.
This is also the time to ask the property managers / apartment owner anything and everything. You don’t want to start your stay by stepping on the property manager’s toes, that’s never a good idea.
Ask the property manager about the penalty to be paid for late payment of rent. What if you’re a month behind on your rent? It is good to prepare these questions in advance and seek answers.
Request an apartment
If you find an apartment that checks with your priority list, and the rent is within your budget, there is no need to wait, file your application.
When completing your application, here are some of the details you will need:
- Information and address of the previous rental
- Job information
- Proof of income
- Identification, i.e. driving license
To recap, if you want to move, as we mentioned before, the best time to start looking for an apartment is between 30 and 60 days. This period of time will allow you to choose the best apartment, without being under pressure. You will need to plan your move-in date and find a reliable moving company.
You should always read on the rental market related to your next location. The real estate market is constantly changing and you will benefit from being up to date.
Finally, being asked questions about your previous rental agreements is standard practice in the industry, so don’t worry.