Dream Big. Pay the Rent.

Checking the Place Out

Okay, so you found a building you like and you're ready to hand over your security deposit. WAIT! Have you done a walk-through yet? It's easy to get carried away, especially when the managing agent is telling you how lucky you are because there are five other people waiting outside if you don't take it NOW. Look around and take notes on everything. Ask a lot of questions. Here are a few things to look out for:

  • Appliances

    Are they clean and in working order? Don't be afraid to ask if something needs to be replaced. Did you notice a nasty fridge door, a greasy stovetop or a rusty sink? Things like this should be handled before you move in. *For those moving to LA, make sure you ask if a refrigerator comes with the apartment as many don't!

    Lights

    Do they work?

    Counter Space

    Is there any?

    Faucets

    This is one that many people overlook. Turn on all of the faucets (shower too) and check the water pressure. Give the toilet a flush while the shower's on and see what happens. Your roommate will thank you.

    Closets

    How many are there? Will the management company let you build another? Is there room for a built in armoire?

    Windows

    Do they open and close well? If you're on the bottom floor, are there secure bars? In some states this is a requirement.

    Locks

    How many locks are on the door? Make sure there are at least two, one of which should be a deadbolt. Ask about getting them changed. Who knows where those keys have been?

    Electrical Outlets and Phone Jacks

    Are there enough or are you going to have to pay to get more installed? Ask if the management company will do this (they probably won't but you never know).

    Internet Access

    Is the building wired or is there Wi-Fi?

    Laundry

    Where's the closest laundry room or Laundromat? It is well-lit and safe? What are the hours of operation?

    Floors

    Do they need resurfacing or sanding? Does the carpet need cleaning?

    Walls

    Will they be freshly painted?

    Bathroom

    Is it clean? Same goes for the kitchen.

    Storage

    Is there additional storage in the building? How much is it? What about a bike room?

    Superintendent or Maintenance Staff

    How accessible are these people? This one's worth knocking on a neighbor's door to find out the real story.

    Fire Escape, Sprinkler, and Carbon Monoxide Detector

    Older buildings have fire escapes. Newer ones have sprinklers. All should have spoke and carbon monoxide detectors. Find out where they are. Make sure you ask if a fire escape route is posted in your apartment or in the hallway. Familiarize yourself with it.

    What's it Like at Night?

    If time permits, go back to the building at night. Check out the block, the lighting and the pedestrian traffic. It's important that you feel comfortable walking in an out of the building at all times.

    Pets

    Can you bring 'em?

    Subletting

    Is it allowed?

    Breaking Your Lease Early

    What's the penalty if you do?


    Stuff You'll Need

    Once you've found something you like and it fits your budget, be prepared to move on it. The more competitive the market, the faster you have to act. If you're moving to New York City or San Francisco, plan on looking for an apartment no more than one month in advance. And make sure you show up with all of your documents in hand. These include the following:

    • Current Letter of Employment
    • Pay Stubs
    • Bank Statement
    • Photo ID
    • Tax Returns (if you're self employed)
    • Liquid Assets (cash) – these will be used for your first and last month's rent, as well as a security deposit (or a broker's fee if you got suckered into paying one).

    NO JOB? This one's hard. In most cities, you'll need a guarantor – someone who will guarantee that your rent is going to be paid every month. And in really competitive markets (read: New York or San Francisco), that guarantor has to be local. So now's a good time to reconnect with your Uncle Fred. If you're unemployed or a recent grad, you'll most likely need this. Most landlords won't even begin to process an application until all of the financials are in place. Bring the above mentioned docs to every appointment you make so you can jump on something if you love it.

    Ooooh, that small, is it? Click here for tips on how to make the most of your ridiculously small space!