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Finding Apartments in Topeka
The real estate market is still tight, and fewer places are available for rent. According to the US Census Bureau, the average per-month rent was just over $720 in the first quarter of 2012. Occupancy rates are high, and it’s hard for first-time renters to pay for Topeka Apartments. Seasoned renters are having difficulty finding apartments as well. In this article, you will find six tips for renting in such a difficult market.
Have a realistic budget: Conventional advice says not to spend more than 30% of your income on housing, but as housing costs rise and entry-level salaries stay the same or decrease, that figure may need some adjustment. Your housing expenditure will depend on your location; it’s good to know how much it costs to rent in your new neighborhood, but you shouldn’t spend your whole salary on rent. Once you find an apartment, ask about future rent increases to determine the long-term feasibility of remaining in the home.
Consider the extras: Not only will you have to pay rent, you’ll also have to pay for entertainment, electricity and heat. Some higher-priced Apartments in Topeka include utilities, which can actually lower overall expenses. If you have to pay for your own utilities, you can often get a ballpark figure by calling the provider and supplying your new address.
Make the landlord want you as a tenant: The rental market is competitive, and you should always have your checkbook and references ready. In some places, you’ll have to pay the first and last month’s rent, plus a security deposit, a finder’s fee and an application fee before moving in–which can equal several months’ rent or more.
Look at the neighborhood: In real estate, it’s all about location. If you choose your next apartment based on appearance, you may not end up in a good neighborhood. If you’re moving closer to work, make sure the apartment is close to shops, public transport, banking and other necessities.
Get it in writing: Most Apartments in Topeka require tenants to sign a lease, but private landlords may be more lenient with paperwork. Whatever the case may be, don’t rely upon a handshake deal. Your leasing papers should contain the answers to questions such as “How much notice will I get if I am asked to move out?” If there’s anything in the lease you don’t understand, ask for help.
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