Rentals offer tenants the opportunity to live and work without having to commit to purchasing a property of their own. If you’re not able to afford a home, or you need temporary accommodations, it’s a good idea to rent. While renting apartments is quite popular among students, there are some people who rent for most of their lives. Some people prefer the flexibility that renting allows. Others live in an ideal location where purchasing a property is too expensive or not feasible. Also, many long-term tenants live in rent-controlled apartments that are protected from rising property costs. There are many things to take into account when searching for apartments, but you should ultimately decide on one that suits your lifestyle and budget.
It all starts with knowing where to look. Before the Internet, most people found apartments in the classified section of local newspapers and magazines. While not as common, many people still post vacancies in various publications or by putting up signs around the property. If you have an ideal location where you’d like to live, it’s a good idea to drive around the area and see if any “for rent” signs are out. Some property owners prefer to keep their rentals off the Internet to ensure they are only contacted by potential tenants who are serious about signing a lease.
The Internet is your best resource when you want to compare prices and find out about a large number of vacancies. Because many online listing services are free, you’ll probably have to dig around to find apartments that suit your needs. These boards can become flooded with listings for the same apartments that remain vacant for months at a time. Also, you’ll see misleading listings that don’t tell the full story. If you’re unsure about the condition of a space that is being offered for a good value, it’s a good idea to drive by on your own time to check it out.
When visiting rentals, it’s easy to overlook certain issues. Make sure you take enough time to see and inspect all aspects of the property before signing a lease. Whether it’s testing the water pressure or inquiring about the efficiency of heating and cooling systems, you’ll need to be diligent about looking things over. Consider taking photos as you walk through so you can further inspect the property later. Looking at rentals can be quite exciting, but you’ll need to be on your toes to catch any hidden issues with an apartment. By going into a contract with a realistic idea of what your living costs will be, you’ll be more likely to find yourself renewing your lease or continuing your residency well into the future.
Searching for Birmingham rentals to live in? Speak with a realtor at Walton & Tower Real Estate or visit to get your search started.