What’s the first thing that pops up in your head when you couldn’t make a breakthrough to buy a luxury apartment? Certainly, it is the leasing option you may want to investigate in such case. While you are looking for luxury apartments for rent, there are a couple of other things that you should look into.
The modern amenities that a luxury apartment has to offer are sure to excite and intrigue you. However, there are some important guidelines that a tenant must look for before signing on the dotted line.
Set your budget.
Set your budgetary limitations and see how well you are following the income rule – not to surpass 30 % of your monthly salary. Your focus should be based on this income rule and you must not compromise even if you discovered a better deal in the desired vicinity.
Also, make sure it is worth spending the extra money on the luxury apartment. Apart from that, closely investigate the extra charges not included in your rent for the facilities offered by the Landlord. Many luxury rental buildings in New York charge tenants extra for amenities, even if the tenant does not use them. In addition, check for extra utilities not included in your apartment rent, like electric, heat, water and sewer. Many luxury apartment buildings in Westchester County advertise a certain apartment rent, but when you factor in all these additional fees, you can easily add several hundred dollars per month.
Narrow your search.
For instance, search for 2 bedroom apartments for rent in the Bronx. There are ample amount of apartments in the New York but the hottest and most affordable ones are rare to find. Therefore, it is essential that you narrow down your search.
Your renter portfolio (resume).
Just like you prepare a resume for your job application, your renter’s resume must include all the necessary information including; the previous address with owner’s number, personal references, your income and your credit report.
Make sure your rental resume impresses your landlord and depicts you as a trustworthy tenant. In simple words, you must look good on paper and that you are a trusted citizen with no criminal record.
Don’t forget to inspect the apartment.
This is the most important thing to consider for everyone looking for the luxury apartments for rent. Try not to let the looks of your apartment deceive you. Even though the luxury apartments come with a good maintenance service, it is better if you try to inspect on your own first.
Look for the hidden damages or imperfections and don’t be hesitant to ask for the repair if you discover anything out of repair in your new apartment. It is better to inform the landlord in the beginning than to be blamed later.
Luxury apartments do not come cheap. Although many are worth the extra investment, new renters need to be careful not to overspend. It’s easy to be wowed by new amenities and fancy common areas, but you need to make sure they are of added value to you. If not, you will find yourself paying extra charges every month for facilities you don’t use.