5 Things you need to do Before an Apartment Search
Searching for a new luxury apartment in Las Vegas or another major city can be daunting, especially if moving to a new area. However, it doesn’t have to be. Preparing yourself for the search can remove much of the stress and anxiety that comes with searching for new neighborhoods to live and meet new people. If you know what you are looking for once your search has begun, it will make the process that much easier.
The five most important things to do before the apartment search and just a few tips for something to do while apartment hunting.
1.Make Sure Your Credit is Good
Most rental companies and landlords will do a credit check before approving you for a luxury apartment. They are looking to ensure that you will be able to pay your rent every month as you have promised to do. A credit check allows them to predict if you will be able to make your payments on time and see if you’ve been able to meet your financial obligations in the past.
You can check your credit score using any number of free websites and apps you can find online. Most, including Credit Karma, will not result in your score dropping because you asked to know your score. If your score is below 600-620, you should take steps to increase that score before you start filling out applications.
2.Have a Positive Rental History Ready to Share
Most landlords, especially those of luxury apartments in Summerlin and Las Vegas, want to know that you can pay your rent, but that you will not be too hard on their property. Any damage you do to the property will result in the landlord spending money on repairs down the line.
Ask your previous landlords if they would be willing to be a reference for you. Having a positive rental history can help sway the landlord in your favor if many applicants are looking to rent the same luxury apartment for rent.
3.Set Your Budget
Be sure you know what you are willing to pay per month and be prepared to stick to that number. A good rule of thumb is to make sure the total you are paying each month will not be more than 30% of your monthly income.
It is also essential to know that landlords often raise the rent at the end of a contract, so if you are coming in at the very top of your budget, you may not be able to keep up with rental increases in the future.
One last thing to remember when you set your budget is that utilities will bring the total you will be paying each month to a higher amount than just the rent. Make sure to ask the manager or landlord which utilities they require their renters to pay. If you are unsure how much those specific utilities would cost you, you could talk to other residents in the complex to get a ballpark estimate.
4.Research Neighborhoods and Visit Multiple Apartments
Before you spend time driving all over town looking at luxury apartments for rent, research neighborhoods, and complexes online. Look at apartment complex reviews, the ratings of nearby schools, and even the restaurants and public areas a neighborhood offers. This will help you know if the community is safe and where you’d like to live.
You should also consider what is nearby or provided by each apartment you are researching. For example, if you use public transportation once living in your new apartment, you should consider the proximity to that. Think about what matters to you, and ask yourself specific questions to narrow down your search. Do you visit the gym often? Would you like a pool at your complex? Do you need to be near a park or your favorite restaurants or coffee shop? Researching these things beforehand can help you focus your search on specific neighborhoods and apartment complexes that fit your needs, and cross out apartments that don’t meet those needs.
Once you have narrowed down the areas you would like to live; you can easily visit multiple apartments in those areas and compare them to each other. This can help you find the apartment you are looking for in a much more efficient manner.
5.Negotiate Your Lease and Verify Your Agreement Before Signing
Once you have visited multiple apartments and have a few in mind that you like, this is a great time to negotiate! Make sure you explain during the negotiation that you are looking at multiple apartments and have a few choices. Landlords will be more open to negotiation if they know you have other options you could choose over their apartment.
It is also essential to verify the agreement you are signing. If you have negotiated a specific price, make sure that is the price listed on the contract. Make sure you are okay with the duration of the lease, and the landlord’s policy on other vital things such as getting out of the lease if you need to move before it is up. Make sure to read through the lease carefully to check for anything else that you don’t agree with that could be hidden in the agreement. Remember, once you put pen to paper and sign that agreement, it is legally binding. This is why it’s so crucial that you read through the entire contract.
Luxury Apartment Search
There may be several competitive luxury apartments for rent, particularly in cities like Las Vegas or Summerlin. Make sure you do your research, follow through with inspecting the property and unit, and know that the neighborhood is right for you before you commit to anything. Luxury apartments in Las Vegas offer several perks, amenities, and floor plans that could be perfect for your lifestyle, so it’s worth spending the extra time to make sure the apartment is just right for you. Now that you are about to move don’t forget about packing and getting your things to your new place.