Before
search the web for great deals, calling around town to see what apartments have
the best rates, or any of that fun stuff, you first have to decide that you are
indeed ready to take that big step into renting your own place.
Though there are many factors you should consider in regards to whether or not
you are ready, here is a quick checklist of things should look into:
Your Budget: By making a concrete
budget, and making the commitment to follow it, you can have a strong idea of
what your expenses will be. When creating a budget, you should ideally make a
budget that fits the lifestyle you are willing to live.
Once you have a budget outlining the current expenses in your life, add the
potential expenses you will have to expect once renting your own apartment.
Remember to include everything from food, to laundry, utilities, insurance, and
so on. (We will be providing a checklist in the near future to help you out
with this!)
Once you have complete this, you should have a good idea of the monthly income
you’ll need not just to survive, but to live comfortably.
Your Income: Analyze your current
income to see not only if you are making enough to suit the budget you’ve
built, but also that you have enough to be able to save. If not, then you may
want to consider saving up a certain amount of money prior to renting your own
place.
Your Needs: Once you have an
approximate amount that you are able to spend on rent alone, analyze whether or
not this amount will translate into an apartment that suits your needs.
Your Future Plans: Make sure to take
into account where you want to be over the next year. If you think you might
want to relocate for any reason over the next year, then be careful and
consider this when renting an apartment. Contracts are almost always for a
12-month term; meaning that if you want to leave half way through your contract
you will have to sublet the apartment or reassign it (more on this in future
blogs).
Making sure the entire above are in order prior to apartment hunting will
ensure that many potential issues will be avoided.
CLV Group Ottawa - Your Full Real
Estate Service Provider. Choose Guelph
apartments for rent, Belleville Apartments for Rent, Toronto
apartments for rent & more from over 7200 units of CLV Group.
CLV Group Ottawa
485 Bank St., Ottawa, ON K2P 1Z2
Tel: 613-728-2000
Fax: 613-728-1107
Toll Free: 877-728-3003
