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Found this board today - seems like a great source of info.
Quick question...my family and I are planning a long distance move (400 miles) in the coming months. Before we get in over our heads and to ensure the move works out, we are going to rent an apartment to start. Neither my wife nor I have rented before (not counting dorms at college), so I'm wondering what types of expenses to expect that are specific to apartments instead of houses. For example, renter's insurance...I really don't know if there is anything else. Your responses are appreciated!!! |
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Lease application fee and/or credit check fee
Security deposit Parking fees Renters insurance Cable/satellite hookup Phone/Internet hookup Utilities (may require deposit) Cleaning supplies Car registration stickers if moving to a new state/city |
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Definitely get renter's insurance.
We also have to rent a storage unit, because we have too much stuff for our little apt. If you have garages, that may be a separate charge. Our power bills are also more expensive than our friends' in much bigger houses. I can't think of anything else offhand. |
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Another expense that is often overlooked is the fee for terminating your lease early. I recently moved into an apartment on a Thursday and moved out the following Monday (security issues...two fistfights broke out in front of my door and someone tried to break in...all in 5 days!!!). I didn't read the terms carefully and found that I had to continue to pay rent until the apartment was re-leased to another tennant. Thankfully the re-leased it 2 weeks after I moved out but if they hadn't I would have been up the creek!!! Although it's not an expense definitely check out the complex at times when most residents are home and on the weekends...it'll give you a good idea what to expect...perhaps I should've taken my own advice!!!
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