The Perfect Apartment: Renting the Best Space
Any person considering to rent a new apartment should consider some concepts regarding the situation. What exactly do you prefer, buying or renting. Lets take an example that one decides to rent which arrangement best suits you? Apartments in metropolitan areas are mainly co-ops.
Residents in those buildings own shares of the corporation that owns the building that is what is meant by co-ops. Apartments for sale are commonly referred to as condominiums. Condos are owned by individuals and residents of the development share ownership of the public spaces. Large towns have old houses divided into individual spaces or have apartments designed as individual units. Most apartment owners or leasing companies offer apartments on lease terms of either six or twelve months.
An apartment means a residential section or unit in a building. A vacancy exists when there isn’t a tenant occupying an individual unit. Minimal number of units should be kept vacant as the vacant rooms represent loss in income on the part of the owner. When negotiating a lease, this point should be kept in mind. Most of the time real estate brokers often exaggerate demand for their apartments so as to get people interested.
The following steps should be considered when looking for an ideal apartment.
Its distance from your place of work.
* How heavy is neighborhood traffic?
Its distance from the nearest public transport available.
How safe is the neighborhood?
* How strong is the school system?
are dogs or cats allowed in the apartment?
How big is the parking space?
are there other social amenities provided in the apartments?
3. Evaluate the building.
The year when the building was built.
Does it have a ground and is it maintained.
The safety of the building at night. How noisy is the building?
Security of the property
Has it hired a night doorman or a scarecrow security service?
* Is building access controlled?
* Does each apartment have secure door and window locks?
Talking with the neighbors
How comfortable are you living with the neighbors for years to come?
* Are they happy with the apartment?
consider access to amenities.
How can you access the amenities?
* How often are they open?
consider how utility expenses are paid
Is it the tenant or the lessor who pays the bills?
* Will you have your own thermostat to control the heat or air conditioning?
8. Review the lease.
The notice period to give the lessor before moving out.
Is the rent during the lease period variable or fixed? when variable, how much should it vary and how many times during the lease period?
* How much will you have to pay for a security deposit down payment?