First-time APARTMENT RENTER’S GUIDE
You may be at a point where the best decision right now is to rent an apartment. Whether you are just leaving college or parting from your parent’s house this is an exciting time to explore living on your own. The process can be overwhelming for some, so here is everything you need to know about making the move to your first apartment.
1. Figure out your budget. The recommended allowance for rent should be 30% of your gross income, according to the US Dept. of Housing and Urban Development. This may be a hard task to accomplish especially in NYC, so having a roommate may help with the cost.Include the following costs - hiring movers, renters insurance policy, purchasing new furniture, application fees, pet fees and real estate agent fees.
2. Neighborhood Goals. Ask yourself what neighborhoods can provide you with what you need. Some things to consider are proximity to transportation, noise level, cost and local attractions available
3. Parking. If you have a car, think about if you need a designated parking spot, or if you will rely on street parking (which may not be readily available).
4. Consider the floor level. Some prefer a walk in apartment in a residential house, but if you are looking for views- a top floor apartment has the best sunsets.
5. Gather your Documents. These include proof of income such as pay stubs, bank statements, tax returns,references, proof of identity and completed application.
Working with a real estate agent can save you the stress of searching for the ideal apartment that is right for you. We
can help guide you through the process!
Contact Carolyn at Metronet Realty for all your apartment hunting needs. 718-644-8460