Condo Renting Tips For Millennials
By Kay Cabanilla
If you’re a millennial like me, you wouldn’t want to stay in your parents’ house until you get married, would you?
So If you’re planning to live independently or are now ready to start a family, these eight tips in renting a condo unit may come in handy!
- Know what you can afford
Before choosing the dream condo unit to rent, you must first have an idea of how much rent are you willing to pay. Find out the costs involved in living independently such as your monthly utility bills and other expenses.
- Identify your most preferred location
One of the benefits when living in a condo property is the convenience because most of these residential buildings are built in the middle of the city, near the business districts, malls, restaurants, and hospitals.
- Check out building security
Security and safety in condos is a top priority, especially when you’re living alone or going out for a trip. Aside from the roving guards, most condo personnel also require visitors to present an ID card upon entering the building.
- Assess the neighborhood
Consider a flood-free area, away from the earthquake fault lines. check out the physical state of the building as well.
- Secure important documents
When you rent a condo unit, there are important legal documents you need to sign. To avoid inconvenience, read the contract before signing it. The contract should stipulate your rights and responsibilities as a tenant.
- Meet your lessor and roommates
Make time to meet your future landlord and roommates, especially if you plan on sharing the condo unit with complete strangers. Try to make friends with them.
- Choose between a furnished or bare unit
Bare units are cheaper; if you have spare furniture in your parents’ house, reuse them to save money. Another practical option is to get a semi-furnished condo unit with a bed frame, cabinets, and tables and chairs.
- Change your billing address
Finally, don’t forget to change your billing/mailing address to make sure that all your mails are delivered to the right place.