If you are moving out of your parents’ house or just looking to find a new apartment, making sure you find the right space for you is important. There are many options for apartments just about everywhere but not all of those may be right for you. As you start to look for a new space to call your own ask yourself the questions below to help you find your perfect space.
Apartment Hunting Checklist
How much rent can you afford?
Before you start looking for your perfect apartment you need to know your budget. While housing is usually your largest monthly expense it is recommended to spend roughly 30% of your monthly gross income on rent. If money is tight, consider finding a roommate to split a 2-bedroom apartment. 2-bedroom apartments are not much more than a 1-bedroom, splitting the cost will help you and your roommate pay less.
What kind of parking is available?
Depending on where you are looking to live, parking may not be as accessible as it is other places. If you are looking to live in a city, parking can cost you an arm and a leg. Check out what the parking options are for an apartment. Is there unground parking or a garage? How much does that cost, Is it free? Is there assigned parking? Do you get more than one space? These are all important questions to ask to make sure your car has space to park in.
What utilities are included?
While some utilities are included in your rent, you will more than likely have to pay for some on your own. Find out what utilities are included, and which ones are not. Usually the apartment listing will list what is included, if not reach out to the landlord. Do research on how much the utilities that are not included in your rent will cost and factor that into your budget. Keep in mind that the cost of your utilities will fluctuate month to month and through the Wisconsin seasons.
What amenities are offered?
Determine what amenities you need and what amenities you want. Some amenities can help you save money on your other monthly expenses. You might be paying for a gym membership but if your apartment complex came with a gym you could stop paying for that monthly gym membership. Some other amenities to consider are in-unit laundry, no need to keep a bunch of quarters laying around then. There could be underground parking at a monthly fee or sometimes even free. Some complex’s even have a pool for you and your friends to relax at.
Do you have renters insurance?
You might be wondering if renters insurance is necessary. Some landlords require renters insurance but even if it’s not required, it is highly recommended to protect yourself from any unforeseen circumstances. Renters insurance covers your personal property, liability and living expenses after loss.
After finding your perfect space, look into renters insurance to make sure you are properly covered and reach out to your local Rural Mutual agent.