So you are finally seeking to get out of your parent’s house and into a spanking new studio apartment. You are excited but nervous because this is the first time that you have been searching for a place in a big city. Questions such as ‘Where do I start?’ or ‘Is this apartment complex as safe as it looks?’ flood your mind on a daily basis. So today, let’s look at some things to consider when buying your first place.
First, take a realistic inventory of your financial picture to determine how much rent you can afford on a monthly basis. Your rent should never be more than one third of your monthly income. If you cannot find a nice studio in the town you like then you might consider driving further out in the suburbs for a better deal (or search new launch studio apartment here). Knowing what you can afford ahead of time can let you know which items you are willing to compromise on in the choice of an apartment.
Secondly, make a list of the must have features that you want in your new place. This is important because when the apartment workers show you the features you automatically know which ones you can live with and those you can live without. There will be no tricks or gimmicks to get you to sign up for more than what you bargained for by any member of their staff.
Next, ask about any additional costs like cable, utilities, trash, and pest control. These will add a lot to your monthly rent if not managed carefully. You need to factor in also your cost for furniture. If the studio is already furnished; then that will drive up your rent costs. However, if you want to do it yourself; then be prepared to spend big bucks on beds, sofas, nightstands, and entertainment centers. Buying your new place is scary at times but mostly it is a pleasant and liberating experience.