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Consider Important Points before Search an Apartment
Consider Important Points before Search an Apartment
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.
Ottawa,
ON,
Canada
(pr4links.com)
22/04/2011
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.
Things to Do Before Looking for an Apartment - Building a Budget
We here at Ontario and Ottawa Apartments have prepared a list of things you should consider when preparing a budget.
We here at Ontario and Ottawa Apartments have prepared a list of things you should consider when preparing a budget:
1. First, make a list of expenses you already have, these may include the following:
1. Bills: cellphone, debts, ect.
2. Transportation: vehicle expenses, insurance, public transportation costs
3. Food: depending on whether or not you current pay for food
4. Clothing
5. Entertainment: anything extra
6. Education
7. Other: Look into where you're money goes on a monthly basis and create a spreadsheet or outline of a monthly budget that explains your current living patterns.
8. Miscellaneous/Savings: make sure you leave a little safety factor for rainy days.
2. Make a list of expenses that are associated with renting your own apartment:
1. First and Last Month's deposit
2. Monthly Rent
1. Look at your needs, and the market prices in your area for a general price.
3. Utilities
4. Renters Insurance
5. Food (this expense may change when changing living situations)
6. Bills (this expense may change, with common additions being cable, phone and internet)
7. Laundry (both supplies and cost of machines or utilities)
8. Cleaning products
9. Kitchen and bathroom supplies
10. Furnishing
11. Decorating
12. Moving expenses
3. Look over your savings, and current income, to calculate if you can surpass the amount needed monthly for your budget. If you cannot do so, then it is a sign that you are not in a position to rent just yet.
By creating a stable budget, you aren't just finding out whether or not you can afford to rent your own apartment, you are actually facilitating this occurrence. Following a budget means your expenses stay in check, allowing you to have enough money for all your expenses, and rent, every month.
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CLV Group Ottawa - Your Full Service Real Estate Provider. Choose Ottawa Apartments For Rent & Townhomes for Rent from over 7200 units of CLV Group.
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