Congratulations, graduates! You’ve finally made it—no more late-night cramming sessions or stressing out about papers and exams.
You’ve put in the long hours and hard work, and now it’s time to celebrate your accomplishments. But before you head off into the great unknown, there are a few things you need to take care of first – like finding a place to live.
If you’re unsure where to start, don’t worry – we’ve covered you. Here are seven tips to help you find the perfect apartment after graduation.
7 Tips to find the Perfect Apartment after Graduation
- Start your Search Early
- Set a budget
- Know your credit score
- Pick a Location
- Visit Apartment Listing Websites and the loation
- Consider a Roommate
- Read the Lease Agreement Thoroughly before Signing
1. Start your search early.
The college years fly by, and it’s time to start looking for an apartment after graduation. The hunt for the perfect place can be daunting, but there are a few things to keep in mind that will make the process easier.
First, start your search early. The sooner you start looking, the better your chances of finding a place that meets all of your needs.
Secondly, be willing to compromise. It’s unlikely that you’ll find a place with everything on your list, so be prepared to make some sacrifices.
And finally, be patient. The perfect apartment won’t appear overnight, so prepare for a long search.
2. Set a Budget
A budget is one of the top tips to help you find the perfect apartment after graduation.
As a recent graduate, you may be eager to move out of your college dorm and into your first apartment. But before you start apartment hunting, it’s good to sit down and create a budget. Once a budget is in place, it will help you figure out how much rent you can afford and other expenses to consider.
- List out all of your fixed expenses, such as student loan payments, car payments, and insurance.
- Estimate your variable expenses, such as groceries, gas, and entertainment.
- Once you have a total for your monthly expenses, subtract that from your expected income, and this will give you an idea of how much wiggle room you have in your budget.
Now that you know how much money you have to work with each month, you can start looking for an apartment that fits your budget.
Landlords will generally require you to pay an upfront application fee, a security deposit (usually equal to one month’s rent), and the first month’s rent. These upfront expenses can add up quickly, so be prepared!
Want to get started with your first budget? We’ve got you covered! The How to Start Budgeting for Beginners is an excellent place for beginners. If that isn’t enough, there is also the Zero Based Budget which helps you account for every dollar earned. By creating a budget and sticking to it, you’ll be on your way to finding the perfect place to call home.
3. Know your Credit Score
Your credit score is between 300 and 850, reflecting your financial history. This history includes whether you’ve paid your bills on time, how much debt you currently have, and what kind of credit products you’ve used in the past.
Your credit score is one of the factors that landlords use to decide whether or not to approve your application for an apartment.
A low credit score may mean you’ll have to pay a higher security deposit or an outright denial. On the other hand, a high credit score indicates that you’re a responsible borrower, be approved for an apartment with little hassle, and are likely to make your rental payments on time.
As a result, your credit score can significantly impact your ability to find an apartment. If your credit score is low, you may have difficulty getting approved for an apartment or be required to pay a higher security deposit.
Conversely, if your credit score is high, you will likely have an easier time finding an apartment and may even be able to negotiate a lower rent price. Therefore, know your credit score before beginning your apartment search.
4. Pick a Location
When looking for a new apartment, the location is just as important as the apartment itself.
First, think about your daily commute. How far do you want to be from work? You’ll have a broader range of apartments if you don’t mind a longer commute.
Second, consider your lifestyle. Are you looking for a quiet neighborhood where you can relax after a long day, or do you prefer to be in the middle of the action? If you like to go out and explore your city, you’ll want to find an apartment close to restaurants, bars, and other attractions.
Finally, make sure to factor in your budget. Apartments in prime locations will cost more than those in less desirable areas. But you could save some money if you compromise on location.
No matter your priorities, there’s an apartment out there that’s perfect for you. Just take your time and find the one that’s right for you.
5. Visit Apartments
When looking for a new place to live, it’s important to visit apartments before you decide to sign a lease. There are a few things you should keep in mind when you’re touring an apartment complex.
First, take note of the condition of the common areas. Are they well-maintained, or do they look neglected?
Second, pay attention to the safety and security features of the complex. Are there security cameras? Is the entryway well-lit?
Third, ask about the noise level in the complex. Is it located in a busy area, or is it relatively quiet?
Finally, find out about the amenities at the complex. Does it have a pool? A gym? A laundry room? You can ensure that you’ll be happy with your new home by taking the time to visit an apartment before you commit.
6. Consider a Roommate
Renting a one-bedroom can be very costly, particularly in larger cities. At the time of this writing, the average monthly rent for a one-bedroom apartment in Atlanta is $1,861.00. By contrast, the average monthly rent for a two-bedroom apartment is $2,500.00. There are financial advantages to having a roommate.
One way to combat this issue is to get a roommate. Splitting the cost of a two-bedroom apartment or house can be significantly cheaper than renting a one-bedroom on your own.
Not only will this reduce your monthly expenses, but it can also help you to build a strong support system as you navigate the challenges of adult life.
7. Read the Lease Agreement Thoroughly before Signing
Before you sign a lease for your new apartment, it is crucial to make sure that you understand all of the terms and conditions. A lease is a legally binding contract, so you will be responsible for abiding by the terms even if you have not read them thoroughly. Take the time to review the entire agreement, and ensure you are comfortable with all of the provisions before putting your signature on the dotted line. Knowing the extent of your responsibilities under a lease agreement is essential.
Note: Now that you have chosen the perfect apartment, you must protect your belongings with renter’s insurance. Renter’s insurance protects your belongings in the event of damages and provides liability coverage if someone is injured while on your property.
We have provide seven tips to find the perfect apartment after graduation. While this is not an exhaustive list, following these tips can help you weed out unsuitable apartments and find the perfect one for your needs.
Have you found any of these tips helpful in finding your apartment? Let us know in the comments below!
Frequently Asked Questions
One of the most important things to do when looking for an apartment is to figure out what you can afford. Start by creating a budget that includes all of your monthly income and expenses. Once you have a good understanding of your finances, you can start looking for apartments that fit within your budget.
Start by considering your budget and location. Visit the apartment complexes that interest you and take a tour. Once you have found the perfect apartment, read the lease carefully before signing.
There are a few things to consider when moving into a new apartment after graduation. The first step is to find an apartment that fits your needs. Make sure to research neighborhoods and compare rents to find the best deal. Once you have found an apartment, you must fill out an application and provide proof of income, such as pay stubs or bank statements. You may also be required to provide a credit check. If approved, you will need to sign a lease and pay your security deposit.
You’ll want to ensure the apartment is in a safe neighborhood. Take a walk around the block and get a feel for the area before you commit to anything. Speak to some neighbors and get their impressions of the neighborhood.