Are you renting for the first time? Make sure to avoid these mistakes, including failing to budget your expenses.
Finding your dream apartment is always exciting, and it can be tempting to rush through the process so that move-in day gets here as fast as possible. However, this can lead to mistakes that cost you money or leave you wishing you looked around more. Here are some of the most common mistakes new apartment dwellers make when renting for the first time.
Not Making a Budget
Having a budget is critical, whether you’re renting for the first time or are a seasoned renter. When planning out your budget, make sure that you think about more than just the rent you’ll be paying every month. For example, you must also plan for things like renters insurance, groceries, and cable. By plotting out your budget ahead of time, you’ll be prepared and able to enjoy your new space.
Not Preparing
When renting for the first time, it’s easy to forget all the steps that come before the first night in your new space. Take time to gather up all of your paperwork and documents you need to rent, like your pay stubs and ID. You should also make sure that you have money set aside for your security deposit and that there are no errors on your credit report. A little bit of preparation can make your move as seamless as possible.
Not Reading the Lease Carefully
Any contract or document you sign should be carefully read before signing, and your lease is no different. The lease does not just contain basic information, like how much you’ll pay monthly for rent. It also includes information about everything from maintenance requests to parking. By reading carefully when renting for the first time, you’ll be prepared once you move in and have fewer questions about what to expect.
Not Getting Renters Insurance
Your apartment community has insurance to protect the structure itself in the event that something occurs. However, your belongings will not be covered as part of that policy. When renting for the first time, make sure that you get renters insurance. Renters insurance provides financial relief if a covered incident, including theft or fire, occurs.
Apartments Of Wildewood Have A Friendly Community That’s Waiting To Welcome You!
At The Apartments of Wildewood, located in beautiful St. Mary’s Maryland, we offer homes with access to pools, an on-site gym, and maintenance whenever you need it – and have access to all the information you need to affordably rent an apartment in St. Mary’s. To set up an appointment to check out an apartment or townhouse rental from The Apartments of Wildewood, call us at 301.737.0737 or visit the website at www.apartmentsofwildewood.com.