8 Mistakes with Choosing Apartments and How to Avoid Them

Did you know that around 13 percent of Americans move every year? If you’re part of that demographic, you might already be looking at some new apartments to choose from. As exciting as it is to scout for a new home, it can also be overwhelming.

To alleviate any stress, you should know the common mistakes with choosing apartments. This will ensure that you skip any headaches and can focus on finding the right place. 

Ready to learn more? Let’s get started. 

1. Having an Unrealistic Budget

One of the first things you should have in mind before starting your search is what your budget is. Generally, you don’t want your rent cost to be more than one-third of your monthly income. If you exceed this limit, it can be a costly mistake. 

The more you pay in rent, the less you have to cover the rest of your necessities. 

As you look at different apartments for rent in Memphis, it can be tempting to raise your budget, especially if there’s a place that seems ideal. You need to consider all of the expenses in your life so you don’t end up making a mistake that will cost you.

After all, you also have to pay utilities, food, transportation as well as a variety of other bills. Track your total income and make a realistic budget then stick to it.

2. Falling in Love Too Quickly

As you look at different apartments, you’re sure to be disappointed by a handful of them. On the other hand, you might finally find a good option and get too excited. You want to avoid falling in love too quickly and missing out on potentially better options.

Apartment hunting usually begins online and it’s easy to browse through the photos before even viewing these places. Don’t let the photos sell you, landlords do their best to make sure their rental units look attractive.

There might be an apartment that seems nice in photos and is a lot more worn down in person. That’s why it’s important to look at the apartments in person and find the top options before deciding on the right one.

3. Overlooking Damages

If you look at most rental agreements, they include a damage deposit. This is money that the landlord holds to pay for any damages that the tenant may cause during the lease.

If you’ve found an apartment that you love, be sure to document any damages that were already there. That way, if you decide to move out, you won’t be charged for them when the lease is up.

4. Not Reading the Rental Agreement

Speaking of the rental agreement, you always want to read any documents that your landlord gives you. The lease / rental agreement is very important and could contain information that is useful to know. 

While many landlords use a generic lease template, some have custom clauses that affect your use of the apartment. If you decide to just skim the lease, you might miss out on details that affect you during the duration of the lease.

Take your time and don’t be afraid to ask the property manager to explain any legal terms that you don’t understand. 

5. Choosing the Wrong Roommates

If you’re not living on your own or with a partner, it’s safe to assume you’ll have roommates. More likely than not, this potential roommate will be looking for apartments with you. Having roommates is a great idea because you can save money on rent and have a person to spend some time with if you’re feeling lonely. 

However, you’ll want to sit down with your roommate and talk about expectations for when you live together. Everything from cleanliness to noise levels to guests. This will help you avoid any future conflicts down the line.

6. Not Considering Your Commute 

Before you look for your new apartment, consider the big picture. It’s easy to get wooed by impressive amenities but if it’s an inconvenient location, it might not be worth it. Think about how long the commute to work will be or if it’s close to your favorite park or public transportation.

Seeing the big picture and understanding what is important to be close to will help save you a lot of stress after moving in. After all, what good is a nice apartment if you’re far from everything in your life?

7. Forgetting to Analyze Details

In addition to checking for damages, it’s a mistake to overlook the details of your potential new apartment. Take your time to think about how it will feel to live there.

If you love natural daylight and it’s important for your mood, are there enough windows? If you’re a big fan of cooking and entertaining, is there enough kitchen space? Do you have a pet that needs extra space? 

An apartment could seem perfect but it’s easy to get clouded by elements that won’t matter in the day-to-day. That’s why sitting down before looking at different options and deciding everything that matters to you is key. 

The perfect apartments may not exist but this penthouse collection comes close, view here for more information. 

8. Not Vetting Your Landlord

Finally, one of the biggest mistakes you can make when searching for apartments online or in person is not talking to landlords. Additionally, you should be vetting them.

Some landlords care about their properties and tenants, they’ll answer your calls quickly and fix any issues that come up. Others treat their properties like cash machines and if you have any issues, too bad.

That’s why you’ll want to run a check on your landlord before signing anything. Do a quick Google search, talk to previous tenants or check with the Better Business Bureau. If any serious problems come up, you’ll be better off finding a new place.

Common Mistakes with Choosing Apartments

Around 37 percent of renters live in apartments so there have been plenty of people who have gone through the process of searching for a new home. Many of those people have made mistakes along the way and were kind enough to share them with others. 

Instead of following in their footsteps, learn the common mistakes with choosing apartments so that you don’t hinder your process in finding the home of your dreams. 

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