4 Things You Should Avoid When Renting An Apartment
Renting a new apartment can be an exciting time for you in your life. It is time to start anew, perhaps in a new neighborhood or even a new city. Having said that, there are plenty of things that you should avoid when it comes to renting an apartment. The many pratfalls of avoiding things when looking for an apartment often deter people from doing so, but if you know what to be on the lookout for, you will have little to fear. Throughout the course of this brief guide, you will learn about four things you should avoid when renting an apartment.
Not Knowing Who You're Renting From
This is a problem that has always been prominent in larger urban areas and has been exacerbated by the fact that many more people are renting from people with an online presence in this day and age. Although it is increasingly more difficult to deal directly with the owners of the apartment building of which your apartment is part of, it is highly recommended that, if you can, that you deal with them. Brokers tend to have good relationships with the owners of an apartment, but keep in mind you will be paying a bit extra to deal with a broker. This can sometimes be a good idea, and they can net you a fairly decent deal.
A Belief In Amazing Deals
You should take into consideration that deals exist and that you can find them if you look long and hard, but you must also take the realities of the real estate and renting market into consideration, as well. You should know the market value for the area that you are looking in so you can know whether a deal is the real deal or not. For example, if you see an advertisement for apartments for rent in a high priced area for $500 a month, this is a clear scam. Keep abreast of the market value of the neighborhood you're looking at and deals are bound to pop up, but nothing in this world is for free.
Not Using Secure Payment Methods
When paying first and last month's rent, as well as a security deposit, you want to know that your money is going into the hands of a trusted individual. In some ways, the Internet age has made this phenomenon better and in some ways, worse. It is far easier to scam individuals who don't know what they're doing when it comes to paying for their apartment. Make sure, if you are paying online, that you are using a website with a traceability function, which means that you will be able to determine into whose bank account or online depositing account the money went into.
Not Asking For Apartment Details
It is imperative that you get all of the details about an apartment, even before you look at it. This is especially imperative if you are making plans to meet with a landlord or broker via the Internet. Legitimate real estate companies that are dealing with apartments will readily have all of the details that you're looking for on hand, such as pictures, videos, and the apartment's floor plan. It is also imperative that you find any paperwork about the legal status of the apartment. This means you should ask if the renter can supply documents regarding the legality of the building or whether or not the apartment is rent stabilized, etc.
Renting an apartment can be an arduous task. There are plenty of do's and don'ts when it comes to renting and looking for a place. Hopefully, this brief guide has given you an idea of some of the "don'ts" you should avoid.