Renting apartments has always been a process that requires a lot of insight and proper research. If you are looking for portland oregon apartments for rent and haven’t had much of luck on your side so far, you should take a look at the points mentioned here that will help you to get a perfect apartment for you.
Here are some important points for you to consider when renting an apartment in today’s challenging market, no matter if you are looking for roommates or just a flying solo.
First of all, you need to be realistic when setting a budget. Conventionally, you’d be considered wise if you don’t spend above 30% of the annual income of yours on the housing costs. However, considering the low salaries on the entry-level and the high costs of housing, the budget has to be a bit more when you are living in some expensive neighborhood.
If you can split your rent with the roommates then it can be quite helpful for you in cutting the overall costs, but it is necessary that the roommates are screened carefully. You might like to hang out with your college friends, but that does not mean that you will also enjoy cleaning their messes. Before a lease is signed together, you should ask your prospective roommates that how would the chores, bills, guests and other such issues be handled.
As soon as you get to your new potential apartment, inquire about possible increases in rent for gauging the possibility of pricing out of your apartment.
Extras should always be kept in mind as well. Along with paying your monthly rent, it might also be your responsibility to pay for the bills such as heat, cable and electricity. The price range can even be adjusted if you can find some of the higher-priced units that include utilities in the rent as this can lower your overall costs than what you would have to pay while paying separately for utilities. In case you have to pay for the utilities on your own then you will have to add up all the expected expenses on utilities in the budget. Normally, the utility provider can be called for finding out the amount paid by previous tenants in terms of each utility just by providing your address.
You also have to portray yourself as the most desirable tenant. When the markets are competitive, rentals move quite quickly and hence you should keep your checkbook and references ready at the time of starting your search. There are times when you also have to pay the security deposit along with the rent of first and the last month. There will also be an application fee which is nonrefundable and possibly there’ll be finder or broker’s fee as well before you move in. All these amounts can add up and become equal to several times of your monthly rent and hence you should be well prepared for them..