Student Apartment Rental Guide

Student Apartment Rental Guide

Student Apartment Rental GuideWhether you are looking to upgrade from the dorms or you’re ready to be out on your own, finding your first place can be quite challenging. Especially without prior renting experience, the process might come as a bit of a shock to newcomers. However, by protecting yourself and your belongings with a CT Renters Insurance policy and heeding the following advice, the process doesn’t have to be stressful or overwhelming.

Don’t underestimate expenses.

Rent is the number one expense for the majority of college-aged kids. However, aside from the obvious chunk of change being spent on housing each month, it’s important to consider the other bills you’ll face in an apartment. For example, upfront costs such as first and last month’s rent, security deposit, pet deposit, and holding fees can eat away at your first month’s budget. Further, consider food, entertainment, and utilities. Ideally, rent and utilities will not take up more than 30% of your net income (after taxes).

Choosing a roommate.

Living with someone can be challenging, even if it’s a close friend. Ask yourself these basic considerations before moving in with someone:

  • Do they have pets?
  • Do they have a reliable source of income?
  • Are the responsible and clean?
  • Do they have a similar lifestyle as you?
  • Are you comfortable with their guests?

Type of property.

With an apartment, many amenities are included, a landlord is often on-site, and repairs are covered under your lease for free. However, with a single-family home, you have more freedom and can split up expenses between more people, so determine which suits you. Next, choose a leasing agreement that works best for you and any roommates, usually available in month-to-month, three month, six month, and one year terms.

Do a walk-through.

Before signing the lease, do a walk-through of the property to ensure it’s safe, well-maintained, and reflects the listing. Be sure to ask the landlord any questions you might have and test out lights, power sources, and amenities to ensure that they’re working properly.

Lastly, always review the lease! You may very well discover restrictions and procedures counter to your assumptions of how the terms of a lease agreement work. Most landlords will provide lease agreements with a high level of detail in order to protect both parties, explains Best Colleges.

About Byrnes Agency

At Byrnes Agency, we specialize in safeguarding your property and your assets. We understand the risk implications of renting and seek to provide comprehensive coverage to give you peace of mind. To learn more about our coverage plans, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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